📌 Key Highlights : Budget 2022
📍 GDP growth for FY 22 expected to be 9.2%, the highest for any large economy.
📍 PLI (Production Linked Incentive scheme) in 14 sectors for Aatmanirbhar Bharat to create 6 million jobs , additional allocation of Rs 19,500 crore for PLI in solar PV module manufacturing.
📍Promoting Fintech and digital economy a focus area for this Budget.
📍 75 digital banking systems in 75 districts by scheduled commercial banks.
📍 IBC to be amended to improve efficiency of resolution process including cross border.
📍 Core Banking Services to start in Post offices
📍 PM Gati-shakti masterplan Has scope to enhance Multimodal communication through 7 engines, 2000 km of rail network to be brought under KAVACH & Highway network to grow by 25,000 km in FY23.
📍Contracts for implementation of multimodal logistics parks at 4 locations to be awarded in 2022-23, in PPP Mode
📍 ECLGS (Emergency Credit Line Guarantee Scheme) to be extended upto March 2023, guaranteed cover extended by another Rs 50,000 crore
📍 8 million new dwelling in rural, urban areas to be completed under PM Awas yojana
📍 Rs 2.37 trillion worth of MSP direct payments to wheat and paddy farmers.
📍 Rs 2 trillion outlay for MSMEs, Additional loans for 13 mn MSMEs.
📍 Rs 48,000 crore allocated to housing projects under PM Housing Scheme for FY23, Rs 1,500 crore allocated for development of the Northeast in FY23 & Desh stack e-portal to be launched to promote Digital infra
📍 New provision to file updated return within 2 years of relevant assessment year.
📍 Alternate minimum tax for cooperative societies down from 18.5% to 15%
📍 Tax deduction limit for state govt employees to NPS raised from 10% to 14%
📍 Surcharge on Corporate tax pruned from 12% to 7% Surcharge on transfer of long-term capital gains tax capped at 15%
📍 Tax exemption to start-ups extended to March 2023.
📍 Gross GST collection for January 2022 at a record Rs 1.41 trillion
📍 No change in income tax slab.
📍 Electric Vehicles battery-swapping policy to be brought out with interoperability standards.
📍Concessional duty on import of capital goods to be phased out.
📍 Duty on unpolished diamonds to be reduced to 5%
📍Customs duty on steel scrap extended by a year
📍RBI led digital rupee using blockchain to be launched in FY23, 1% TDS on transfer of virtual digital assets & income to be taxed at 30%
📍 68% of capital outlay for Domestic defence industry.
📍Revised Fiscal Deficit 6.9% of GDP in FY22 as against 6.8% in Budget estimates, Fiscal deficit at 6.4% in FY23
📍 Total expenditure in FY23 estimated at Rs 39.45 trillion ; total resources mobilisation to be Rs 22.84 trillion other than borrowing.
Connect with us on Facebook:
Connect with us Instagram:
Join the WhatsApp group for regular updates:
To know about ENSEMBLE IAS Academy’s Esteemed Academic and Advisory Panel.
To get access to some of our most sought after courses for Civil Services Examination.
Visit the link below to understand the Civil Services Examination
Join our FREE courses to kick start your civil services preparation
GEOGRAPHY FOR CIVIL SERVICES MAINS
FREE BULLS EYE PROGRAMME (your roadmap to Civil Services preparation)
FREE NCERT Video Lectures (Revise your school basics)
FREE Prelims Exam Mock Test (Take the mock test to experience Prelims Exam)
FREE Interview Program (Get a sense of how your interview is going to look like)
Meet our Successful Students
Join our Online Courses designed exclusively for Civil Services Aspirants.
UPSC Prelims Test Series (updated)
General Studies Geography for Prelims (updated)
General Studies (GS) Foundation Course
General Studies (GS) Geography for Mains
General Studies (GS) Mains: 500+ Answer Bank (understand what a perfect answer looks like)
Geography Optional Study Material (get all the material you need to prepare easily from your home)
Geography Through Maps (World)
Geography Through Maps (India)
Quality Improvement Program (QIP) for Geography Optional
Environment, Ecology and Agriculture
Ethics and Integrity
100+ Essay Bank (updated with latest essays)
Our Books and Publications (contents of these books match exactly the syllabus of Civil Services)
For more details : Best Online Coaching for Civil Service_IAS_ UPSC_IFS_IPS,
Free Study Material ENSEMBLE IAS ACADEMY
Call +91 98115 06926
Visit us:- https://ensembleias.com/
Online Store: https://online.ensemble.net.in/
Email: [email protected]