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Budget 2022 Live: Digital Rupee To Be Launched By RBI In FY23

Watch this space for live updates on the Union Budget for financial year 2023

By - Mohammed Kudrati | 31 Jan 2022 2:30 PM IST

Budget 2022 Live: Digital Rupee To Be Launched By RBI In FY23

The Union Budget will be presented by Finance Minister Nirmala Sitharaman in Lok Sabha today at 11 am, and will spell out the course of the government's fiscal trajectory for the upcoming financial year.

It comes as the economy continues its recovery from the COVID-19 pandemic, and will layout the game plan of the government's roadmap ahead. It also comes at a time when inflation is a concern globally and in India, and central banks across the world start a taper, and close their taps on global pandemic-era easy money.

With stronger governmental revenues this financial year, the fiscal deficit target will also be seen. The fiscal deficit target for this year is 6.8% of GDP.

Stay tuned with BOOM on live updates on the Union Budget

Live Updates

1 Feb 2022 4:39 PM IST
"Zero Sum Budget": Rahul Gandhi

M0di G0vernment’s Zer0 Sum Budget!

Nothing for
- Salaried class
- Middle class
- The poor & deprived
- Youth
- Farmers
- MSMEs
— Rahul Gandhi (@RahulGandhi) February 1, 2022
1 Feb 2022 4:07 PM IST
A difference between crypto 'assets' and currencies: FM
An RBI issued digital currency can be considered as a currency, since it is backed and issued by the government, said FM Nirmala Sitharaman. Anything outside this perview, including cryptocurrencies, will not be treated as currencies, and is not being defined as such. Rather, it will be a digital asset. Any profits arising from the transfer of this asset is being taxed at 30%.
1 Feb 2022 3:47 PM IST
Welcome Union Budgets Towards 'Aatmanirbhar Bharat": UP CM Yogi Adityanath

केंद्रीय बजट 2022-23 पर... #AatmanirbharBharatKaBudget https://t.co/R17RBdF6kc
— Yogi Adityanath (@myogiadityanath) February 1, 2022
1 Feb 2022 3:42 PM IST
A "Pegasus-Spin Budget": West Bengal CM Mamata Bannerjee

BUDGET HAS ZERO FOR COMMON PEOPLE, WHO ARE GETTING CRUSHED BY UNEMPLOYMENT & INFLATION. GOVT IS LOST IN BIG WORDS SIGNIFYING NOTHING - A PEGASUS SPIN BUDGET
— Mamata Banerjee (@MamataOfficial) February 1, 2022
1 Feb 2022 3:04 PM IST
FM Nirmala Sitharaman's Post-Budget Presser At 3:45 PM

Finance Minister Smt. @nsitharaman to address press conference post presentation of Union Budget 2022-23 in Parliament at 03.45 PM, NMC, on 1st Feb 2022

Watch Live:
📺 https://t.co/8i7M4kzSRA

FB➡️https://t.co/GVfVncctpK

Follow for LIVE updates
Twitter➡️https://t.co/XaIRg3fn5f
— Ministry of Finance (@FinMinIndia) February 1, 2022
1 Feb 2022 2:47 PM IST
Positive Step For Indian Crypto: Nischal Shetty
CEO and Founder of cryptocurrency exchange WazirX, with a significant online presence, calls taxation clarity on cryptocurrency a positive step. The government introduced a 30% tax on cryptocurrency and other digital asset transactions.
Hope to see a reduction of crypto ban fear in India

India just taxed crypto 💪

Lot to unpack here but overall this is a very positive step forward for crypto ecosystem in India 🇮🇳#IndiaWantsCrypto
— Nischal (WazirX) ⚡️ (@NischalShetty) February 1, 2022
1 Feb 2022 2:36 PM IST
Proud To Be Indian: Uday Kotak

Budget: trust based governance to build atmanirbhar bharat. Reposes faith in taxpayers, entrepreneurs, investors. Build an open, digital and inclusive India with a 25 year vision. I am proud to be Indian.
— Uday Kotak (@udaykotak) February 1, 2022
1 Feb 2022 2:35 PM IST
Reactions start pouring in on the Union Budget
1 Feb 2022 12:52 PM IST
The Finance Minister's speech went on for nearly 90 minutes
1 Feb 2022 12:51 PM IST
That concludes the presentation of the Union Budget for FY23

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Budget 2022 Live: Digital Rupee To Be Launched By RBI In FY23

Watch this space for live updates on the Union Budget for financial year 2023

Live Updates

"Zero Sum Budget": Rahul Gandhi

A difference between crypto 'assets' and currencies: FM

Welcome Union Budgets Towards 'Aatmanirbhar Bharat": UP CM Yogi Adityanath

A "Pegasus-Spin Budget": West Bengal CM Mamata Bannerjee

FM Nirmala Sitharaman's Post-Budget Presser At 3:45 PM

Positive Step For Indian Crypto: Nischal Shetty

Proud To Be Indian: Uday Kotak

Reactions start pouring in on the Union Budget

The Finance Minister's speech went on for nearly 90 minutes

That concludes the presentation of the Union Budget for FY23

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