{"id":92,"date":"2022-02-03T22:20:00","date_gmt":"2022-02-03T22:20:00","guid":{"rendered":"https:\/\/akhilamitassociates.com\/blog\/?p=92"},"modified":"2023-11-16T12:22:50","modified_gmt":"2023-11-16T12:22:50","slug":"budget-updates-2022","status":"publish","type":"post","link":"https:\/\/akhilamitassociates.com\/blog\/budget-updates-2022\/","title":{"rendered":"Budget Updates \u2013 2022"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Update on Budget 2022 \u2013<br><\/h2>\n\n\n\n<ul>\n<li>FM Housing projects allotted Rs 48,000 crore for FY23 under the PM Housing scheme. Rs 60,000 Cr allocated to cover 3.8 crore households for tap-water.<\/li>\n\n\n\n<li>\u2981 Chemical-free natural farming is to be promoted throughout the country. FY22 farm procurement value to be \u20b92.37 lakh crore. To implement the scheme to lower dependence on oilseed imports.<\/li>\n\n\n\n<li>\u2981 Rs 1,500 Cr to be allotted for development initiatives for northeast in FY23.<\/li>\n\n\n\n<li>\u2981 Required spectrum auction for 5G rollout to be conducted in FY22-23. Contracts for laying optical fibers via PPP mode will be awarded in FY23.<\/li>\n\n\n\n<li>\u2981 68% of capital procurement budget to be earmarked for domestic Defence Industry. To set up an umbrella body for Defence Equipment Certification.<\/li>\n\n\n\n<li>\u2981 Additional allocation of Rs 19,500 crore for PLI in solar Photovoltaic module manufacturing, says FM.<\/li>\n\n\n\n<li>\u2981 Capital goods stocks FY23 Capex target at Rs 7.50 lakh crore from Rs. 5.5 lakh crore in FY22.<\/li>\n\n\n\n<li>\u2981 BUDGET 2022: CRYPTO: INDIA FIN MIN SAYS TO LAUNCH CENTRAL BANK DIGITAL RUPEE CURRENCY.<\/li>\n\n\n\n<li>\u2981 68% of defense Capex to be kept for domestic cos. Defense R&amp;D will be opened up for industry startups, says FM.<\/li>\n\n\n\n<li>\u2981 Slab raised from 10% to 14% for contribution to NPS by employers.<\/li>\n\n\n\n<li>\u2981 Crypto transactions are to be taxed at 30% without any deductions.<\/li>\n\n\n\n<li>\u2981 LTCG surcharge capped at 15% for unlisted assets (earlier it was graded) \u2013 this is enormous for HNIs.<\/li>\n\n\n\n<li>\u2981 Customs duty on Steel Scrap extended by one year.<\/li>\n\n\n\n<li>\u2981 Duty On Unpolished diamonds Is Reduced To 5% Duty Reduced on Selective Chemicals specially used in Petchem Customs Duty On Umbrellas Increased To 20% Customs Duty On Steel Scrap Extended For 1 Year.<\/li>\n\n\n\n<li>\u2981 Customs duty on methanol and acetic acid reduced Positive for Balaji amines, alkylamine (methanol is a raw material) Negative for Acetic acid producer- GNFC.<\/li>\n<\/ul>\n\n\n\n<ul>\n<li>\u2981&nbsp;Visit us \u2013&nbsp;<a href=\"https:\/\/web.archive.org\/web\/20230131000358\/https:\/\/akhilamitassociates.com\/home.aspx\">https:\/\/akhilamitassociates.com\/home.aspx<\/a>,&nbsp;<a href=\"https:\/\/web.archive.org\/web\/20230131000358\/https:\/\/akhilamitandassociates.com\/\">https:\/\/akhilamitandassociates.com\/<\/a>,&nbsp;<a href=\"https:\/\/web.archive.org\/web\/20230131000358\/https:\/\/akhilamitandassociates.business.site\/\">https:\/\/akhilamitandassociates.business.site\/<\/a><\/li>\n\n\n\n<li>\u2981&nbsp; Follow us on Twitter \u2013&nbsp;<a href=\"https:\/\/web.archive.org\/web\/20230131000358\/https:\/\/twitter.com\/AssociatesAkhil\">https:\/\/twitter.com\/AssociatesAkhil<\/a><\/li>\n\n\n\n<li>\u2981&nbsp; Follow us on LinkedIn \u2013&nbsp;<a href=\"https:\/\/web.archive.org\/web\/20230131000358\/https:\/\/www.linkedin.com\/in\/akhilamitandassociates1\/\">https:\/\/www.linkedin.com\/in\/akhilamitandassociates1\/<\/a>,&nbsp;<a href=\"https:\/\/web.archive.org\/web\/20230131000358\/https:\/\/www.linkedin.com\/company\/akhilamitandassociates\/\">https:\/\/www.linkedin.com\/company\/akhilamitandassociates\/<\/a><\/li>\n\n\n\n<li>\u2981&nbsp;&nbsp;<a href=\"https:\/\/web.archive.org\/web\/20230131000358\/https:\/\/g.page\/r\/CTz-lW4qAGHQEAE\">Follow us on Google<\/a>&nbsp;(Chinchwad Branch),&nbsp;<a href=\"https:\/\/web.archive.org\/web\/20230131000358\/https:\/\/g.page\/r\/CfnjQWeJwmHLEAE\" target=\"_blank\" rel=\"noreferrer noopener\">Follow us on Google<\/a>&nbsp;(Wakad Branch).<\/li>\n\n\n\n<li>\u2981&nbsp;&nbsp;<a href=\"https:\/\/web.archive.org\/web\/20230131000358\/https:\/\/www.facebook.com\/akhilamitandassociates\/\">Follow us on Facebook<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Update on Budget 2022 \u2013<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[8],"tags":[],"_links":{"self":[{"href":"https:\/\/akhilamitassociates.com\/blog\/wp-json\/wp\/v2\/posts\/92"}],"collection":[{"href":"https:\/\/akhilamitassociates.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/akhilamitassociates.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/akhilamitassociates.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/akhilamitassociates.com\/blog\/wp-json\/wp\/v2\/comments?post=92"}],"version-history":[{"count":1,"href":"https:\/\/akhilamitassociates.com\/blog\/wp-json\/wp\/v2\/posts\/92\/revisions"}],"predecessor-version":[{"id":93,"href":"https:\/\/akhilamitassociates.com\/blog\/wp-json\/wp\/v2\/posts\/92\/revisions\/93"}],"wp:attachment":[{"href":"https:\/\/akhilamitassociates.com\/blog\/wp-json\/wp\/v2\/media?parent=92"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/akhilamitassociates.com\/blog\/wp-json\/wp\/v2\/categories?post=92"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/akhilamitassociates.com\/blog\/wp-json\/wp\/v2\/tags?post=92"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}