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 6:06 AM GMT
Impetus to post office accounts
In 2022, the government plans to move 100 percent of the 1.5 lakh post offices under core banking to ensure interoperability and financial inclusion. This will help farmers and senior citizens who use post office accounts.