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big leap
February 01 2022
BUDGET AT A GLANCE.
Finance minister Nirmala Sitharaman Tuesday presented the union budget 2022-23 in parliament as
a part of the 25-year lead up to India's 100-year independence.
India’s 2022 budget aims to harness the momentum that has made India the fastest- growing large
economy ,targeting new growth opportunities in the green economy and tech industry.
The government is pushing forward with its citizen empowerment agenda, promising jobs , inclusive
development ,healthcare transformation and female empowerment.
India has grand ambitions for the next 5 years, with the nation looking to be global economics
powerhouse by its 100th year of independence in 2047. the new union budget 2022-2023 presents a
road map for the economy from India @75 to India@100 which focuses on four key pillars of
development : inclusive development, productivity enhancement, energy transition and climate
action.
The government proposed to spend rs 39,44,909 crore in 2022-23 which is an increase of
4.6%over the revised estimate of 2021-22
KEY FEATURES OF UNION
BUDGET
This Budget continues to provide impetus for growth. It lays a parallel track of
(1) a blueprint for the Amrit Kaal, which is futuristic and inclusive. This will directly benefit our youth,
women, farmers, the Scheduled Castes and the Scheduled Tribes.
(2) big public investment for modern infrastructure, readying for India at 100. This shall be guided by for
modern infrastructure, readying for India at 100. This shall be guided by
Moving forward, on this parallel track, we lay the following four priorities:
PM GatiShakti
Inclusive Development
Financing of Investments
GOALS OF AMRIT KAAL
Focus on growth and all inclusive welfare
Promoting technology enabled development, energy transition and climate action
Virtuous cycle starting from private investment, crowded in by public capital investment
FOUR PRIORITIES
FOUR PRIORITIES
Productivity Enhancement and
investment, sunrise opportunities, Financing of investment
energy transition and climate
action
PM GATISHAKTI
Driven by seven engines: Roads, Railways, Airports, Ports, Mass Transport, Waterways, and Logistics Infrastructure.
National Master Plan aimed at world class modern infrastructure and logistics synergy
Formulation of Master Plan for expressways. Completing 25000 km national highways in 2022-23
Unified Logistics Interface Platform allowing data exchange among all mode operators
Promoting chemical free natural farming starting with farmers’ lands close to river Ganga
• Promoting post harvest value addition, consumption and branding of millet products.
Skill Development
Digital Ecosystem for Skilling and Livelihood (DESH-Stack e-portal) will be launched to promote online training
Startups will be promoted to facilitate Drone Shakti for Drone-As-A-Service
HEALTH
National Digital Health Ecosystem will be rolled out
National Tele Mental Health Programme will be launched for quality counselling
Integrated architecture: Mission Shakti, Mission Vatsalya, Saksham Anganwadi, and Poshan 2.0 to be launched
Two lakh Anganwadis to be upgraded to Saksham Anganwadis
ALL INCLUSIVE WELFARE FOCUS
Har Ghar, Nal Se Jal: 3.8 crore households to be covered in 2022-23
PM Awas Yojana: 80 lakh houses to be completed in 2022-23
PM-DevINE: To fund infrastructure and social development based on felt needs of the North East
Aspirational Blocks Programme: For development of lagging blocks of aspirational districts
Vibrant Villages Programme: Targeting development of villages on the Northern Border left out from
the development gains
Digital Banking by Post Offices: 100% of post offices to come on the core banking system
Digital Payments: Scheduled Commercial Banks to set up 75 Digital Banking Units in 75 districts
PRODUCTIVITY ENHANCEMENT AND INVESTMENT
.
Integration of central and state level systems through IT Issuance of chip embedded e -
bridges Passports
Expanding scope of PARIVESH Modernisation of building
Portal byelaws, implementing Town
Planning Schemes and Transit
Unique Land Parcel Oriented Development
Identification Number for IT based management of land
records.
Establishing Centres of
Excellence in urban planning
Establishing C-PACE to facilitate voluntary winding up
of companies
Providing a battery swapping
End to end online e-Bill System and utilising surety policy as an alternative to
bonds in setting up charging stations in
government procurement.
urban areas
• Increasing tax deduction limit on employer’s contribution to NPS account of state government employees
Any Surcharge or Cess on Income and Profits not allowable as business expenditure
Customs administration to be fully IT driven in SEZs • Phasing out concessional rates in capital goods and project imports
Customs duty rates are being calibrated to provide a graded rate structure to facilitate domestic electronics manufacturing
Rationalization 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
Rrupee comes from
. .
ALLOCATION TO MAJOR SCHEMES
MINISTRY WISE ALLOCATIONS
Ministry of Communications 105406.82