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      • Budget 2022 Live: Digital Rupee To...
      Budget

      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 |
      Published -  31 Jan 2022 2:30 PM IST
    • Boomlive
      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

      2022-01-31 09:00:53
      • 1 Feb 2022 12:24 PM IST

        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

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      • 1 Feb 2022 12:21 PM IST

        No changes to income tax slabs, as FM Sitharaman moves to indirect taxes


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      • 1 Feb 2022 12:19 PM IST

        Any surcharges or cess will not be allowed as business expenditure


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      • 1 Feb 2022 12:19 PM IST

        Surcharge on any long-term capital gains capped at 15%

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      • 1 Feb 2022 12:12 PM IST

        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

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      • 1 Feb 2022 12:10 PM IST

        Level playing field for cooperative societies and corporation

        Alternative minimum tax to be made level at 15%

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      • 1 Feb 2022 12:09 PM IST

        New and updated returns announced

        Filing of updated returns to be permitted on payment of additional tax within 2 years

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      • 1 Feb 2022 12:05 PM IST

        Fiscal deficit for next year 6.4% of GDP


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      • 1 Feb 2022 12:05 PM IST

        Revised fiscal deficit for this year 6.9%


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      • 1 Feb 2022 12:05 PM IST

        ₹39.45 lakh crores expenditure for FY23

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      Next Updates Previous Updates

      Tags

      Economic SurveyUnion BudgetNirmala SitharamanLok Sabha
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