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Budget Highlights (Key Features)
Budget Highlights (Key Features)
GOVERNMENT OF INDIA
Key Features
of
Budget
2022-2023
February, 2022
MINISTRY OF FINANCE
BUDGET DIVISION
Key features
GOALS OF AMRIT KAAL
Focus on growth and all inclusive welfare
1
Promoting technology enabled development, energy
2 transition and climate action
Inclusive
PM GatiShakti
Development
FOUR
PRIORITIES
Productivity
Enhancement and
Investment, Sunrise Financing of
Opportunities, Energy Investments
Transition and
Climate Action
GDP GVA
40
1st Lockdown
2nd Wave
37
₹ Lakh Crore
25
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
2019-20 2020-21 2021-22
Indian Economy staging a sustained recovery
100
COVID-19 Vaccine Coverage (in %)
90
93.0
80
% of adult
70 population with
First dose 69.8
60
% of adult
50 population with
Second dose
40
30
20
10
0
July
Sept
Nov
May
August
Dec, 21
Feb
Jan, 21
June
March
Octo
Jan-22
April
20.00
CPI-C and WPI Inflation (%)
15.00
CPI WPI Gap
WPI
CPI
10.00
5.00
0.00
-5.00
-10.00
Oct-18
Oct-19
Oct-20
Oct-21
Apr-18
Jul-18
Apr-19
Jul-19
Apr-20
Jul-20
Apr-21
Jul-21
Jan-18
Jan-19
Jan-20
Jan-21
300
400
280
300 260
200 240
220
100
200
2015-16
2016-17
2017-18
2018-19
2019-20
0
Rice Wheat
2018-19 2019-20
2020-21 2021-22 (Upto 31.12.2021)
4.3
3.6 3.9
2.6
Skill Development
HEALTH
National Digital Health Ecosystem will be rolled out
Extending
ECLGS with
Revamping
focus on
CGTMSE
hospitality and
related enterprises
Raising and
Accelerating
Interlinking MSME
various portals Performance
(RAMP)
MSME programme will
be rolled out
Productivity enhancement and
investment
2021-22 RE
2022-23 BE
2014-15
2015-16
2016-17
2017-18
2018-19
2019-20
(Actuals)
2020-21
Introduction
of Digital
Rupee by
RBI starting
2022-23 Infrastructure status for Measures to aid
Data Centres and investment by Venture
Energy Storage Capital and Private
Systems Equity Investment
Green Bonds to
Blended Finance for
mobilise resources for
sunrise sectors
green infrastructure
Mobilising
Resources
•
Tax relief to persons with
disability Increasing tax deduction limit on
• Reducing Alternate Minimum Tax employer’s contribution to NPS
Rate and Surcharge for account of state government
Cooperatives. employees
1
virtual assets to be taxed at 0.8
30% 0.6
• Better litigation management 0.4
Aug…
0
Oct-20
Oct-21
Jun-20
Jun-21
Feb-20
Apr-20
Feb-21
Apr-21
Dec-19
Dec-20
Dec-21
Any
Surcharge or
Cess on • Customs administration to be fully IT driven in SEZs
Income and • Phasing out concessional rates in capital goods and
Profits not project imports gradually and apply a moderate tariff of
allowable as 7.5%
business • Review of customs exemptions and tariff simplification
expenditure • Customs duty rates are being calibrated to provide a
graded rate structure to facilitate domestic electronics
manufacturing
• Rationalisation of exemptions on implements and tools
for agri sector manufactured in India
• Extension of customs duty exemption to steel scrap
• Reduction of duty on certain inputs required for shrimp
aquaculture
• Unblended fuel shall attract additional differential
excise duty
Rupee Comes from
Non Debt Capital Receipts
2%
Income Tax
15%
Corporation Tax
Non Tax Revenue 15%
5%
Customs
5% GST
16%
Rupee Goes to
Pensions Other Expenditure
Centrally Sponsored 4% 9%
Schemes
9%
Defence
8%
Finance Commission and
Other Transfers
10%
2020-21 2021-22
(Actuals), (RE),
3083519 2021-22 840396
(BE),
773348
2020-21
(Actuals),
657182
2021-22
(BE),
2929000
Allocation to major schemes
National Health Mission Jal Jeevan Mission (in crore)
(in crore)
37800
2022-23 BE 60000
34947
2021-22 RE 45011
2021-22 RE 2022-23 BE
Pradhan
Mantri Gram
National Education Sadak Yojana PM Kisan (in crore)
Mission (in crore) (in crore)
2022-23
BE, 190
39553 00
2021-22
RE,
30796 140
00
67500 68000
6400
7400
5000
GOVERNMENT OF INDIA
Key Features
of
Budget
2022-2023
February, 2022
MINISTRY OF FINANCE
BUDGET DIVISION