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Union Budget 2022: Opposition Terms It As ‘Unrealistic’; Provides No Relief For Poor, Middle Class

Snehashish RoyFebruary 2, 20220

Finance minister Nirmala Sitharaman gave the budgetary speech on February 1. She presented a Rs 39.45 lakh crore budget, in which, the major part was allocated to the highways and affordable housing section. However, the Congress party termed the budget as "uninspiring" and "insipid." The Opposition said the Union budget does not propose to provide relief and consumption boost among the salaried class, poor, farmers, and middle class. The communication head of the Congress party Randeep Surjewala said the ones who suffered pay cuts during the pandemic were hoping for relief in this budget. “The Finance Minister and the Prime Minister have again deeply disappointed them with indirect tax measures. This is a betrayal of India’s salaried class and the middle class,” he said. He fu...

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ArticleFinanceIndia

Union Budget 2022: Check Out Announcements Made For Farmer; Clean Water In 80 Lakh Houses

Aditi priya singhFebruary 2, 20220

Finance minister Nirmala Sitharaman presented the country's budget today, in which she made several important announcements related to farmers. She made many important announcements for the farmers while presenting the budget. She talked about promoting organic farming and chemical-free farming. Along with the assessment of the farmers' field, drone technology will be used for nutrient and pesticide spraying. She said that while protecting the Rabi and Kharif crops of the farmers in 2021-22, MSP of Rs 2.37 lakh crore will be transferred to the accounts of the farmers. Let us know what announcements were made in this budget for the farmers. Announcement For Farmers • Record shopping will be done at MSP. MSP of Rs 2.37 lakh crore will be transferred to the accounts of the farme...

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Crypto Tax First Step To Legalize Digital Currency In India: Details Inside

Sonia SolankiFebruary 2, 20220

Crypto tax or digital assets will be taxed at 30%, as announced by Union finance minister Nirmala Sitharaman. This will be the highest tax band in the country. "I propose to provide that any income from transfer of any virtual digital asset shall be taxed at the rate of 30%. No deduction in respect of any expenditure or allowance shall be allowed while computing such income, except the cost of acquisition," Sitharaman said. She also said that currency lies with RBI only, other than that is a crypto asset and will see 30% tax. Cryptocurrencies will be treated as digital assets. U-turn On Banning Cryptocurrency At the end of last year, there were strong rumours that the Indian government is planning to ban all cryptocurrencies. But presenting a digital asset tax of 30% s...

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Nirmala Sitharaman Presents Union Budget For 2022-23, Know Highlights

Aditi priya singhFebruary 2, 20220

Finance minister Nirmala Sitharaman has presented the Union budget for 2022-23 on Tuesday. During this, she said this budget encourages development. She said, since 2014, our government is engaged in empowering the poor and marginalised people. Nirmala Sitharaman announced that the government will emphasise on organic farming. Apart from this, 60 thousand more houses will be built this year under PM Awas Yojana. Along with this, the government will give employment to 60 lakh people. Let's know the big announcements of Nirmala Sitharaman .. Budget highlights Corona is battling with the waves. But our economy is booming. 2. India's economic growth is estimated to be 9.2% in the coming financial year 3. LIC's IPO is expected soon. 4. 25-year foundation budget 60 lakh new...

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BusinessFinance

Union Budget 2022: FM Sitharaman Announces Digital Rupee; Know More About Virtual Currency

Snehashish RoyFebruary 1, 20220

The Union finance minister Nirmala Sitharaman has launched the Digital Rupee in her budgetary speech in the Parliament on February 1. This rupee, the Central Bank Digital Currency (CBDC) will be used from 2022-22 onwards. During her fourth budgetary speech, Sitharaman said the use of digital currency will give a boost to the country's economy. The currency will be introduced by the Reserve Bank of India (RBI). This move will give a further push to the Centre's Digital India initiative. "The introduction of central bank digital currency will give a big boost to the digital economy. Digital currency will also be a cheaper and more efficient currency management system...It is therefore proposed to introduce digital rupee - using blockchain and other technologies - to be issued by ...

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Unemployment At Its Peak, Youngsters Between 20-29 Years Worst Hit: CMIE Data

Sonia SolankiFebruary 1, 20220

Unemployment is the harsh reality that we are facing in today’s time. Reports by the Centre for Monitoring Indian Economy (CMIE) stated that the unemployment rate in December 2021 was 7.9%. But that doesn’t mean the rest of 92.1% of people in the working-age group are employed. In fact, the employment rate is the better Indicator of the success and economy of a country. India’s success rate is low with only 43% in 2020, as per a data study by the World Bank. India lags behind Pakistan (48%) and Bangladesh (53%) in these numbers. In 2018-19, the unemployment rate was 6.3% and 4.7% in the year 2017-18. Challenges India Faces To Provide Employment Employment is a necessity and when the working population is not getting proper opportunities, it’s a difficult situation for the...

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BusinessFinanceIndiaLatest NewsScience & TechTrending

India’s Largest Electric Vehicle Charging Station With 100 Points Opens In Gurugram

Sonia SolankiJanuary 31, 20220

India has launched the biggest and largest Electric Vehicle (EV) charging station in Gurugram, Haryana. This electric charging station boasts 100 electric charging points for four-wheelers. The station is located on the Delhi-Jaipur National Highway in Gurugram. The tech piloting firm called Alektrify Private Limited is behind the development of this station. During the opening ceremony programme, various government representatives had a guided tour of the station. India gets largest EV charging station in Gurugram Abhijeet Sinha, the national programme director of the Ease of Doing Business programme and project director of National Highway for Electric Vehicle in additional charge said, "India is on the verge of making an investment in E-mobility charging infra setup highly c...

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BJP Among Richest National Political Parties In 2019-2020, SP Richest Regional Party: ADR Report

Sonia SolankiJanuary 29, 20220

The Association for Democratic Reforms (ADR) report reveals that the richest political party in India for the year 2019-2020 is BJP. What is more interesting is that the second position is taken by the BSP, followed by Congress. The worth of the BJP as per the ADR report is Rs 4,847.78 crore. The value of BSP is estimated at Rs 698.33 crore, followed by Congress at Rs 588.16 crore. The assets calculated by ADR include the seven national parties and 44 regional parties all over the country. The Seven National parties include the BJP, the BSP, the Congress, the Communist Party of India Marxist (CPIM), the All India Trinamool Congress (AITC), the Communist Party of India (CPI) and the Nationalist Congress Party (NCP) as per their worth. ADR Report Details The report by ADR...

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“Your Arrival Was Much Awaited”: Air India Comes Back To Tata Group After 69 Years

Sonia SolankiJanuary 29, 20220

Air India comes back to the Tata Group, after a long gap of 69 years. Now, the Tata Group has three airlines under the brand, which includes Air India, AirAsia India and Vistara. The organisation is overwhelmed with the association and soon after the formal handover it tweeted "Your arrival was much-awaited." In 1932, the Tata group launched Tata Airlines, which was renamed Air India in 1946. The Indian Government took over Air India in 1953, whereas Jamshed Ratan Tata continued as the chairman of the airline till 1977. Air India Merging With Tata Group Deal N Chandrasekaran, chairman of the Tata Group said, "We are excited to have Air India back in the Tata Group and are committed to making this a world-class airline. I warmly welcome all the employees of Air India t...

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ArticleFinance

Budget 2022: Income Support Measures, Jobs Need Attention, Claims Report

Aditi priya singhJanuary 27, 20220

Domestic consumption, which accounts for 55 per cent of GDP, has decreased during the financial year 2020-21 in the country. According to a report, the need for some measures has been mentioned in the upcoming general budget. The report suggested some stringent measures to mitigate the losses by focusing on income and job-generating measures in the near term while emphasising a softer fiscal policy. Citing the latest estimates of the National Statistics Office on Gross Domestic Product (GDP). for the current financial year, CRISIL in a report on Tuesday said that domestic consumption in the current fiscal is 3% points lower than the level of the previous fiscal. This is the worst performance on the expenditure-side of GDP since the pandemic. Emphasising the importance o...

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BusinessFinanceIndiaInternationalTRENDING

Davos Agenda 2022: PM Modi Introduces ‘P3 Movement’ For Climate Change Commitments

Sonia SolankiJanuary 19, 20220

Prime Minister Narendra Modi has underlined India's climate change commitments while addressing the Davos agenda 2022. He introduced the P3 movement which refers to Pro-Planet People. During the address, PM Modi focused on the present culture of 'make-use-throw' which deepens the climate problems globally. "'Throw away' culture and consumerism have deepened the climate challenge. It is imperative to rapidly move from today's 'take-make-use-dispose' economy to a circular economy", he said. PM Modi also pointed the new policies which India is building upon is for the next 25 years with respect to the environment. "In this period, India has set the goals of high growth, a saturation of welfare and wellness. This period of growth will also be green, it will also be clean, it wi...

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Income Of World’s Top 10 Richest Doubled In Pandemic: Oxfam Report

Sonia SolankiJanuary 18, 20220

The income of the world's top 10 richest men has been doubled during the pandemic, according to a report published by Oxfam. The report has been released on the first day of the World Economic Forum (WEF) online Davos Agenda Submit. According to the report, the lower incomes of the poorest has taken away 21,000 lives in a day globally. Whereas, the wealth of the billionaire and millionaire has been multiplying like minutes in a mile. Oxfam usually publishes reports on global inequality. The summit had to be conducted online, the second time in a row, due to the surge in the Omicron variant of COVID-19. WEF Annual Report On Inequality Details The ten names featured in the list of the world's wealthiest persons include Elon Musk, Jeff Bezos, Bernard Arnault, Bill Gates, L...

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