|
· India’s economic growth estimated at 9.2 percent, the highest among all large economies.
· Latest GDP estimates and key indicators confirm strengthened momentum of India’s economic recovery.
· Outlay for Capital expenditure in Union Budget hiked by 35.4 percent.
· Emergency Credit Line Guarantee Scheme (ECLGS) extended up to March 2023. The guarantee cover will be expanded by 50,000 crore rupees.
· Additional credit of 2 lakh crore rupees for MSME to be provided under Credit Guarantee Trust for Micro and Small Enterprises.
· Productivity Linked Incentive in 14 sectors for achieving the vision of AtmaNirbhar Bharat will be strengthened.
· The procurement of wheat and rice from 163 lakh farmers in rabi and kharif seasons 2021-22 has ensured rupees 2.37 lakh crore direct payment of MSP value to their accounts.
· Use of ‘Kisan Drones’ to be promoted for crop assessment, digitization of land records, spraying of insecticides and nutrients.
· Implementation of the Ken-Betwa Link Project at an estimated cost of 44,605 crore rupees to be taken up.
· Four hundred new-generation Vande Bharat Trains to be developed over the next three years.
· One Station-One product concept to be popularized to help local businesses and supply chains.
· One hundred PM GatiShakti Cargo Terminals for multimodal logistics facilities to be developed during the next three years.
· PM GatiShakti Master Plan for Expressways to be formulated in 2022-23 to facilitate faster movement of people and goods.
· National Highway network to be expanded by 25 thousand kilometres in 2022-23.
· Allocation of 60,000 crore rupees made for Har-Ghar, Nal-Se-Jal to cover 3.8 crore households in 2022-23.
· 80 lakh houses to be completed in 2022-23 under PM AwasYojana, both rural and urban.
· A new Vibrant Villages Programme to be launched to cover border villages with sparse population, limited connectivity and less infrastructure.
· Two lakh Aangawadis to be upgraded under the Saksham Anganwadi Mission.
· A new scheme-Prime Minister’s Development Initiative for North-East, PM-DevINE to be implemented through North-Eastern Council.
· One class-one TV channel’ programme of PM eVIDYA to be expanded from 12 to 200 TV channels.
· A Digital University to be established to provide access to students across the country for world-class quality universal education.
· Government to set up 75 Digital Banking Units (DBUs) in 75 districts of the country by Scheduled Commercial Banks.
· 100 per cent of post offices to be brought under core-banking system.
· Digital Rupee, using blockchain and other technologies to be issued by RBI from 2022-23.
· E-Passports using embedded chip and futuristic technology to be rolled out in 2022-23.
· Auction of spectrum for rollout of 5G mobile services to be taken up in 2022.
· Additional 19,500 crore rupees allotted under PLI scheme to give a fillip to domestic manufacturing in solar power.
· Revised Fiscal Deficit during current year is estimated at 6.9 percent.
· New provision introduced for taxpayers to file an Updated Return on payment of additional tax.
· Alternate Minimum Tax for cooperative societies reduced from 18.5 to 15 per cent.
· Last date for Tax incentive for Start-ups extended by one year from 31st March 2023.
· Customs duty on cut and polished diamonds and gemstones is being reduced to 5 per cent.
· Customs duty exemption given to steel scrap last year is being extended for another year.
· Outlay for the ‘Scheme for Financial Assistance to States for Capital Investment’ is being enhanced from 10,000 crore in the Budget Estimates to 15,000 crore rupees.
· Virtual digital asset to be taxed at the rate of 30 per cent.
· Surcharge on long term capital gains arising on transfer of any type of assets to be capped at 15 per cent. |
