Union Finance Minister Nirmala Sitharaman on Tuesday presented the fourth Budget of the Modi 2.0 government amidst the coronavirus pandemic. These are the big announcements during the Union Budget 2022-23 speech so far.
- Issuance of E-passports to be rolled out this year
- India to roll out own Digital Currency by 2023
- FM reduces Alternate Minimum Tax on co-operative societies tax rate to 15% from 18.5%
- Gift of cryptocurrencies to be taxed at the receiver’s end
- New provision to allow taxpayers to file an updated return. Updated returns can be filed within 2 years from the end of the relevant assessment year.
- India to launch sovereign green bonds
- 5G spectrum auctions to be conducted this year
- ECLGS scheme extended till March 2023
- Capital expenditure is being stepped up to Rs 7.5 lakh crore
- Implementation of the Ken-Betwa linking project at the cost Rs 44,605 crore will be taken up
- Rs 48, 000 crore is allotted for PM Awas Yojana
Additional allocation of Rs 19,500 cr for solar modules under PLI scheme
