Budget 2022: Key Highlights from Finance Minister Nirmala Sitharaman’s speech

Here are some key takeaways from Union Budget 2022.

Budget 2022, Union Budget 2022, Key Highlights from Budget 2022, Takeaways from Budget 2022, Agriculture sector, Education sector, Digital currency, Transportation, Taxation, Finance Minister, Finance Minister Nirmala Sitharaman, Business news, Finance news, India news | Budget 2022: Key Highlights from Finance Minister Nirmala Sitharaman’s speech- True Scoop
Finance Minister Nirmala Sitharam tabled Budget 2022. This is the fourth budget of the Sitharaman at a crucial time when the nation is reeling under pandemic. The public is expecting a big relief and generation of employment opportunities from the government.

Take a look at the key highlights from Finance Minister Nirmala Sitharaman’s Speech: 

1. Agriculture
·        Focus on agricultural productivity and farmers, direct payment of MSP of Rs 2.37 lakh crore.
·       Chemical-free natural farming will be promoted throughout the country with a focus on farmers' land in 5 km wide corridors along the river Ganga, in the first stage.
 
2. Digital Currency
·        Digital rupee to be issued using blockchain and other technologies by RBI starting 2022-23. 
·        This will give a big boost to the economy. 

3. Education  
·       Finance Minister Nirmala Sidharaman announced the formation of a digital university to provide access to world-class education to Indian students. 
·       “1 class 1 TV channel’ initiative will be started to counter the loss of learning due to the pandemic.
·       PM e-vidya scheme from 12 channels to 200 to be made available in all regional languages.
·       5 academic institutions on urban planning to be made centres of excellence.
·       Agricultural universities will revise syllabi to meet the needs of modern-day farming.

4. Taxation
·       Income from transfer of digital assets to be charged 30% tax, plus 1% tax on the transaction.
·       Income from Long Term Capital Gains will be taxed at 15%.
·       Corporate surcharge to be reduced from 12% to 7%.
·       To provide an opportunity to correct an error, taxpayers can now file an updated return within 2 years from the relevant assessment year.
·       No change in income tax rate and slab.
 
 
5. Transportation
·       PM Gati Shakti project will be launched by the government. The project will expand the national highway network by "25,000 km in 2022-23.
·       400 new-generation Vande Bharat trains with better efficiency will be brought in during the next 3 years.
·       100 PM Gati Shakti Cargo terminals to be developed during next 3 years and implementation of innovative ways for building metro systems.


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