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
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 6:54 AM GMT
GST Collection for Jan-22 at ₹1.41 lakh crore
This is the highest since the inception of GST, according to her. This announcement is not part of the FM's speech
- 1 Feb 2022 6:42 AM GMT
30% tax on the transfer of digital assets
This will also be applicable on gifting. TDS of 1% on transfer of digital assets, and its gains cannot be setoff against any losses
- 1 Feb 2022 6:40 AM GMT
Level playing field for cooperative societies and corporation
Alternative minimum tax to be made level at 15%
- 1 Feb 2022 6:39 AM GMT
New and updated returns announced
Filing of updated returns to be permitted on payment of additional tax within 2 years
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