Union Budget 2022 Highlight: Know what did the general public get from the budget or did they get rhetoric?

Union Budget 2022 Highlight: Finance Minister Nirmala Sitharaman presented the budget in Parliament today. Before that, she reached the Finance Ministry, after which she met President Ram Nath Kovind. The common man had high hopes for this budget to be presented for the financial year 2022-23.

Presenting this budget, Sitharaman said that the foundation for the next 25 years will be laid from this budget. The government has claimed that something has been kept for everyone in this budget. What announcements did Nirmala Sitharaman make in Budget 2022-

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 Budget 2022 Highlight:-

• India’s growth rate is estimated to be 9.27 percent
• Budget is the blueprint of the next 25 years – Sitharaman
• Digital University will be established
• The help of drones technology will be taken in agriculture
• 80 lakh houses to be built in 2022-23
• E-passports will be issued this year
• Development plan for North East will be launched
• 80 lakh houses to be built in 2022-23
• National Highway length will increase up to 25,000 km
• 400 Vande Bharat trains will come in the next three years
• Jobs promised to 16 lakh youth
• Sitharaman said – LIC’s IPO will come soon
• National telemental health program for mental problems
• A scheme will be brought for the launch of 5G. Internet access should be available to all villages and people
• Self-reliant India will be promoted in the defense sector
• AI technology, drone technology, and semiconductors have immense potential, they will be promoted
• Contracts will be given for 60 km long 8 ropeway projects
• Online billing system to be introduced to reduce delay in payment
• 2,000 km rail network to be brought under indigenous technology shield
• RBI will bring its own digital currency by 2022-23
• Nirmala Sitharaman said that it has been decided to increase the Emergency Credit Line Guarantee Scheme (ECLGS) for MSMEs.
• There are plans to introduce new tax reforms. Updated ITR will be possible for the next 2 assessment years.
• States will get interest-free loans.
• Corporate surcharge to be reduced from 12% to 7%
• Income from digital currency (cryptocurrency) has been taxed at 30 percent
• The government has announced to reduce the corporate tax from 18 percent to 15 percent. Tax relief has also been announced for the disabled.