Finance Minister Nirmala Sitharaman presented the Budget in Parliament today ahead of the five-state vote in February. Finance Minister Nirmala Sitharaman before the vote in 5 states. 6 million new jobs, plans to build 6 million houses under the housing scheme. 60,000 crore allocated to reach piped water to every household. In the meantime, the bad news for the middle class is that the tax structure remains the same. Income tax unchanged again. Betrayal of the middle class, Congress responded. Income tax exemption will be available on pension. If there is a mistake in the income tax return, the government gave 2 more years to pay the arrears. Viewers will get authentic information of General Budget 2022 from here. viewers, please follow www.realjankari23.com for further updates.
Highlights:
- Prices are decreasing
- Prices are rising
- Budget For Defense
- Budget For Railway
- Tax Slab, Budget 2022
- PM Awas Yojana
- Budget For Farmers
- Budget For Postoffice
- Budget For Health Sectors
Prices are decreasing:
- Diamonds
- Mobile phone
- Mobile charger
- Clothing
- Leather goods
- Shoes
- Instruments brought from abroad
- Agricultural equipment
Prices are rising:
- Foreign umbrellas
- Steel products
Budget For Defense:
To be self-reliant in the field of defense is a big decision center in the budget. It has been reported that 7% of the total amount allocated for the purchase of defense equipment (Domestic Defense Procurement) will be spent on purchasing arms from domestic companies. In FY 2021-22, only 10 percent was allocated for the purchase of defense equipment from domestic companies. In other words, the allocation was increased almost seven times in one go.
Union Budget 2022 was presented in Parliament on Tuesday by Union Finance Minister Nirmala Sitharaman. In addition to increasing domestic allocations for the defense sector, 25 percent has been allocated for defense research and development. Sitaraman said non-governmental organizations, startups, and educational institutions would also be involved. An independent organization will also be formed to test the technology of the private sector.
This year, the Center has increased the allocation for the defense sector by 13 percent. The allocation has been increased from 1.35 trillion in FY 2021-22 to 1.52 trillion in FY 2022-23. The allocation for the Ministry of Defense has been increased from 4.6 trillion in FY 2021-22 to 5.25 trillion this time.
On the same day, Sitaraman Balan said in Parliament, “Our government is committed to increasing self-reliance by reducing the import of foreign equipment for the army. Therefore, it has been decided to increase the domestic allocation for the purchase of defense equipment in the fiscal year 2022-23 as compared to the previous fiscal year. ” He also spoke of increasing the reliance on artificial intelligence, geospatial technology, and drones to strengthen the military.
The central government has so far come under fire for its domestic allocation for defense equipment. Critics say that despite the huge allocation to the defense sector, only 2 percent of it is spent on equipment from domestic companies. India is the third-largest country in the world in terms of allocation for defense equipment.
Budget For Railway:
Rail transport has been hit hard due to Corona overcrowding. It was assumed that there would be some direction to revive this mode of transport in the country. To that end, the Finance Minister today announced that the 2,000 km rail network will be brought under world-class domestic technology KAWACH.
The Finance Minister said that in 2022-23, 2,000 km of the rail network will be brought under the world-class technology KAWACH to enhance safety and capacity.
In addition, 400 new Vande Bharat trains will be launched in three years. A 100-speed power cargo terminal will be built. The budget was announced by Union Finance Minister Nirmala Sitaraman. He also said that the national highway network will be expanded to 25,000 km in 2022-23.
Tax Slab, Budget 2022
What will be the budget Janmohini? Much of the answer to this question is hidden in this chapter. Taxes. Meanwhile, the main eye is the common man. Finance Minister Nirmala Sitharaman has announced an unchanged income tax structure in the budget. The personal tax structure remains the same. The Co-operative Society surcharge is being reduced. The Union Finance Minister Nirmala Sitharaman said.
- "We are pushing for further simplification of the tax system."
- 'Taxpayers will be able to file updated returns after two years
- In this case, the taxpayer will have two years to pay the arrears.
- 'Co-operative society surcharge being reduced'
- 'Taxes for specially able people are being increased'
- Co-operative tax reduced from 18 percent to 15 percent
- 'Trying to simplify taxation'
- Fertilizer charges are being reduced on global transactions. '
- 'Expenditure on health and education cannot be shown as a business expense. '
- The government has made huge improvements in GST.
- It has been possible to overcome the challenge of GST. Complete information technology-driven systems have been introduced.
- Gross GST Collection January 1 lakh 40 thousand crore income
- SEZ - Some reforms are needed. This time it will be entirely powered by technology.
PM Awas Yojana:
In his budget speech, Union Finance Minister Sitharaman said, 47,000 crores has been allocated for the Prime Minister's Housing Project. The construction work of 60 lakh houses will be completed in the coming days under the Prime Minister's Housing Scheme. The government will further expand the Prime Minister's Housing Scheme in rural and urban areas in 2022-23.
Budget For Farmers:
After a year and a half of receiving the government's promise, the farmers' protest was called off. However, it is no longer a verbal promise, but at the minimum support price of the crop in compliance with the demands of the farmers
Budget For Postoffice :
Finance Minister Nirmala Sitaraman said 1.5 lakhs Post Office will connect into core banking system. People will transfer their money from Post Office to another Bank easily.
Budget For Health Sectors:
Nirmala Sitharaman announced ultimate 12 months that the authorities will spend Rs 64, one hundred eighty crores on healthcare over the next six years. Sitharaman began her address by introducing the Budget by emphasizing the significance of boosting the healthcare sector
