Page 8 - Latest Updates on Budget estimates
Climate action takes centre stage in Union Budget: More Intent, Less Money
Budget falls short of making significant budgetary allocation to key sectors of energy efficiency, sustainability and clean tech
 "Climate action takes centre stage in Union Budget: More Intent, Less Money")
Budget 2022: India Inc to benefit from govt's massive capex push
Companies to bag for roads, railways and defense projects
 "Budget 2022: India Inc to benefit from govt's massive capex push")
At 6.6%, India's GDP contracted less than projected in FY21: NSO data
FY22 growth may NOW dip to 8.8% vs 9.2% estimated earlier; core growth across eight sectors clocks 8.4%
 "At 6.6%, India's GDP contracted less than projected in FY21: NSO data")
Budget 2022: CII sees uptick in India consumption by next quarter
The industry, hit by some curbs to control the omicron variant, is expecting relief measures in the budget due Tuesday
 "Budget 2022: CII sees uptick in India consumption by next quarter")
Govt companies, departments way short of capital expenditure target
CPSEs met only 63% of spending target by December
 "Govt companies, departments way short of capital expenditure target")
Budget 2022 may be work of restoration, but challenges for FM no less steep
Touch services like hospitality, leisure, tourism in desperate need of support
 "Budget 2022 may be work of restoration, but challenges for FM no less steep")
Mass transport awaits a green revolution: How FM can power up EV industry
Clean energy public transport is crucially dependent on the mechanics of financing
 "Mass transport awaits a green revolution: How FM can power up EV industry")
Banking on the budget with no surprises
The future of deposits will be an issue for banks. This year, quite ironically, banks have been happy with deposits not growing, as there were few avenues to lend, anyway
 "Banking on the budget with no surprises")
Stormy Budget session likely as Oppn to raise Pegasus, farmers' issues
Finance Minister Nirmala Sitharaman will present the Economic Survey 2021-22 on Monday and the Union Budget on Tuesday
 "Stormy Budget session likely as Oppn to raise Pegasus, farmers' issues")
Budget-making during recovery
The challenges before the coming Budget are more daunting than those in 2021
 "Budget-making during recovery")
WFH benefits and other Budget expectations of IT and startup sectors
With the 2022-23 budget nearing and the third wave of the pandemic in full force, the industry is hoping FM Nirmala Sitharaman will provide support for growth
 "WFH benefits and other Budget expectations of IT and startup sectors")
Budget 2022: Steep subsidy sums for food and fertiliser likely
Budget 2022: Subsidies have been a bugbear of the Indian economy for long
 "Budget 2022: Steep subsidy sums for food and fertiliser likely")
T V Somanathan to Debashish Panda: Meet FM's A-team behind Budget 2022
2021-22 will be another year when the Centre's divestment plans could fall short of the budgeted target
 "T V Somanathan to Debashish Panda: Meet FM's A-team behind Budget 2022")
Budget 2022: Farmers in need of a new deal, says ICRIER's Ashok Gulati
'Much of the agricultural policies in the past have focused on production', said Gulati
 "Budget 2022: Farmers in need of a new deal, says ICRIER's Ashok Gulati")
Bulking up IFSC: A wide-ranging expansion of its remit expected in Budget
FY23 will be aimed at making IFSC the centre to use rupee as a freely convertible currency
 "Bulking up IFSC: A wide-ranging expansion of its remit expected in Budget")
Budget 2022-23: CII seeks additional 1% CSR for Covid-19 boosters
The industry lobby group also said the Budget expected to focus on ways to strengthen economic recovery
 "Budget 2022-23: CII seeks additional 1% CSR for Covid-19 boosters")
Corporate tax this fiscal likely to exceed Budget Estimates by 19%
Direct, indirect tax revenues have been a bright spot for Centre in FY22
 "Corporate tax this fiscal likely to exceed Budget Estimates by 19%")
Union Budget 2022-23: Phasing out of some tax exemptions likely
FinMin also exploring the option of rationalising capital gains tax rates
 "Union Budget 2022-23: Phasing out of some tax exemptions likely")
Divestment delayed, but petchem plans on the track: Bharat Petroleum
The government's plan is to sell its entire 52.98 per cent stake in BPCL with the transfer of management control to a strategic buyer
 "Divestment delayed, but petchem plans on the track: Bharat Petroleum")
Budget could push for private investments in public infrastructure
Budget could also announce favourable terms for companies accessing bond markets
 "Budget could push for private investments in public infrastructure")
