Union Budget 2022 : Explained with Visuals

Finance Minister #Nirmala Sitharaman presented a budget on 1st February 2022. The budget continues to provide an opportunity for growth. The project will directly benefit our youth, women, farmers, Scheduled Caste and Scheduled Tribe. On this occasion, Being Vakil has taken an opportunity to present the budget in visualized manner. This will simply crisply put the entire speech. While doing this, we have covered important aspects such as Startup, MSME, Tax, Custom and so on.

You can still check the real-time #budget speech here >>> Budget Speech 2022

Presenting Budget 2022:

PM GatiShakti is a transformative approach for economic growth

and sustainable development. The approach is driven by seven engines,

namely, Roads, Railways, Airports, Ports, Mass Transport, Waterways, and

Logistics Infrastructure. All seven engines will pull forward the economy in

unison. These engines are supported by the complementary roles of Energy

Transmission, IT Communication, Bulk Water & Sewerage, and Social

Infrastructure. Finally, the approach is powered by Clean Energy and Sabka

Prayas – the efforts of the Central Government, the state governments, and

the private sector together – leading to huge job and entrepreneurial

opportunities for all, especially the youth.

Road Transport:

Railways:

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Parvatmala: National Ropeways Development Programme

Agriculture:

Ken Betwa project and Other River Linking Projects

MSME:

Skill Development:

Education:

Digital University:

Mental Health Programme:

Anganwadi:

Har ghar, nal se jal:

Initiative for North-East region:

Anytime – Anywhere Post Office Savings:

In 2022, 100 per cent of 1.5 lakh post offices will come on the core

banking system enabling financial inclusion and access to accounts through net banking, mobile banking, ATMs, and also provide online transfer of

funds between post office accounts and bank accounts. This will be helpful,

especially for farmers and senior citizens in rural areas, enabling interoperability

and financial inclusion.

Digital Banking:

Green Bonds:

e-Passport:

Urban Developments:

Clean and Sustainable Mobility:

We will promote a shift to use of public transport in urban areas.

This will be complemented by clean tech and governance solutions, special

mobility zones with zero fossil-fuel policy, and EV vehicles.

Battery Swapping Policy:

Land Records Management:

Corporate Exits:

Telecom Sector:

Exports:

Solar Power:

Public Capital Investment:

Green Bonds:

Venture Capital and Private Equity Investment:

Digital Rupee:

Updated Return:

Reduced Alternate minimum tax rate and Surcharge for Cooperatives:

NPS Accounts:

It is proposed to increase the tax deduction limit from 10 per cent to 14 per cent on

employer’s contribution to the NPS account of State Government

employees as well. This would help in enhancing the social security benefits

of the state government employees and bring them at par with central

government employees.

Tax for Startups:

Custom Duty:

Fuel: