Budget Speech 2022 PDF

Finance Bill 2022 PDF
Budget Speech 2022 PDF

PDF Name: Budget Speech 2022 PDF
No. of Pages: 38
PDF Size: 689 KB
Language: English
Category: General
Source: indiabudget.gov.in

Budget Speech 2022 PDF Summary

After the Budget presentation in Parliament is concluded, the Union Budget for 2022-23 will be available on the Mobile App. The Union Government Budget App is available on the Google Play Store for Android and the Apple App Store for iOS. Members of Parliament (MPs) and the general public may access budget papers in one location thanks to the Union Government Budget App.

The Constitution mandates that the mobile app provide full access to 14 union budget papers, including the Budget Speech, Annual Financial Statement (commonly known as the Budget), Demand for Grants (DG), Finance Bill, and others. The app is multilingual (English and Hindi) and works on both Android and iOS devices. All of the documents are available in PDF format.

The list of Budget documents (14) presented to the Parliament include:
A. Finance Minister’s Budget Speech
B. Annual Financial Statement (AFS)
C. Demands for Grants (DG)
D. Finance Bill
E. Statements mandated under FRBM Act:
a. Macro-Economic Framework Statement
b. Medium-Term Fiscal Policy cum Fiscal Policy Strategy Statement
F. Expenditure Budget
G. Receipt Budget
H. Expenditure Profile
I. Budget at a Glance
J. Memorandum Explaining the Provisions in the Finance Bill
K. Output Outcome Monitoring Framework
L. Key Features of Budget 2022-23
M. Key to Budget Documents

Finance Bill 2022 PDF
Budget Speech 2022 PDF

Budget 2022 Highlights

  1. India’s economic growth estimated at 9.2% to be the highest among all large economies.
  2. 60 lakh new jobs to be created under the productivity linked incentive scheme in 14 sectors.
  3. PLI Schemes have the potential to create an additional production of Rs 30 lakh crore.
  4. Tax returns can now be revised for omission and mistakes including declared income not reported. The changes can be made through a one-time window till two years from the end of the assessment year on payment of tax.
  5. The seven engines that drive PM GatiShakti are Roads, Railways, Airports, Ports, Mass Transport, Waterways and Logistics Infrastructure
  6. Surcharge on transfer of any long-term capital gains has been capped at 15 per cent.
  7. Minimum Alternate Tax rate for cooperatives at 18.5 per cent has been reduced to bring it with parity of the rate for corporates. Also, the surcharge for cooperatives has been reduced to 7 per cent from 12 per cent for total income ranging between Rs 1-10 crore.
  8. Reduction of surcharge on unlisted shares from 28.5% to 23% – In a move that will ease exits from startups and Unicorns, the Finance Minister announced reduction of surcharge on unlisted shares from 28.5 per cent to 23 per cent.
  9. A new digital rupee powered by blockchain technology will be issued by the Reserve Bank of India starting 2022-23.
  10. Customs on polished diamonds, gemstones cut to 5%. Simply sawn diamonds will be exempted. To facilitate export of jewellery through e-commerce, simplified regulations will be in place by June this year.
  11. The gross GST collections for the month of January 2022 are Rs 1,40,986 crore —the highest since the inception of the tax: Finance Minister Nirmala
  12. Corporate surcharge to be reduced from 12% to 7%
  13. Income from transfer of digital assets to be charged 30% tax, plus 1% tax on transaction: FM
  14. Rs 48,000 crores allocated for completion of construction of 80 lakh houses under PM Awas Yojana in rural and urban areas in the year 2022-23: FM Sitharaman
  15. Both Centre and States govt employees’ tax deduction limit to be increased from 10% to 14% to help the social security benefits of state government employees and bring them at par with the Central govt employees.
  16. Rs. 60,000 crore allocated to cover 3.8 crore households in 2022-23 under Har Ghar, Nal se Jal
  17. Rs. 48,000 crore allocated for completion of 80 lakh houses in 2022-23 under PM Awas Yojana.
  18. Agriculture
    1. Rs. 2.37 lakh crore direct payment to 1.63 crore farmers for procurement of wheat and paddy.
    2. Chemical free Natural farming to be promoted throughout the county. Initial focus is on farmer’s lands in 5 Km wide corridors along river Ganga.
    3. NABARD to facilitate fund with blended capital to finance startups for agriculture & rural enterprise.
    4. Kisan Drones’ for crop assessment, digitization of land records, spraying of insecticides and nutrients.
  19. MSME Sector
    1. Udyam, e-shram, NCS and ASEEM portals to be interlinked.
    2. 130 lakh MSMEs provided additional credit under Emergency Credit Linked Guarantee Scheme (ECLGS)
    3. ECLGS to be extended up to March 2023.
    4. Guarantee cover under ECLGS to be expanded by Rs 50000 Crore to total cover of Rs 5 Lakh Crore.
    5. Rs 2 lakh Crore additional credit for Micro and Small Enterprises to be facilitated under the Credit Guarantee Trust for Micro and Small Enterprises (CGTMSE).
    6. Raising and Accelerating MSME performance (RAMP) programme with outlay of Rs 6000 Crore to be rolled out.
  20. Education Sector
    1. One class-One TV channel’ programme of PM eVIDYA to be expanded to 200 TV channels.
    2. Virtual labs and skilling e-labs to be set up to promote critical thinking skills and simulated learning environment.
    3. High-quality e-content will be developed for delivery through Digital Teachers.
    4. Digital University for world-class quality universal education with personalised learning experience to be established.
  21. Health Sector
    1. An open platform for National Digital Health Ecosystem to be rolled out.
    2. National Tele Mental Health Programme’ for quality mental health counselling and care services to be launched.
    3. A network of 23 tele-mental health centres of excellence will be set up, with NIMHANS being the nodal centre and International Institute of Information TechnologyBangalore (IIITB) providing technology support.
  22. Banking Sector
    1. 100 per cent of 1.5 lakh post offices to come on the core banking system.
    2. Scheduled Commercial Banks to set up 75 Digital Banking Units (DBUs) in 75 districts.

Budget 2022 Video

Budget Speech 2022 PDF Download in English for free using the direct download link given at the bottom of this article.

Finance Bill 2022 PDF