Finance Minister Nirmala Sitharaman presented Budget 2022 on Tuesday announcing that digital currency, 5G services will be launched by next year, new Vande Bharat trains but no change in tax slabs. Let s take a look at what a common man needs to know about Modi government s budget.
In order to provide a level playing field between the co-operative societies and companies, the government proposes to reduce the Alternate Minimum Tax rate for co-operative societies to 15 per cent from the current 18.5 per cent, Finance Minister Nirmala Sitharaman announced.
Presently, 10 per cent ethanol, extracted from sugarcane or surplus foodgrain, is blended or mixed in petrol (meaning 10 per cent of ethanol mixed with 90 per cent of petrol) with a view to cutting oil import dependence and provide farmers with an additional source of income.
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