News Overview

“Our reforms in the financial sector and innovative use of technology have led to financial inclusion at scale, better and faster service delivery, ease of access to credit and participation in financial markets,” the FM said.

The Budget is a balanced one for the economy while missing out on key real estate sector demands.

The reduction in Gold Custom Duty in this Budget was our big expectation, which has severely hampered the industry and encouraged smuggling and grey market

In the month of January 2022, Bajaj Auto exported a total of 2,13,787 vehicles to various overseas markets.

To empower our youth and help the ‘Amrit Peedhi’ realize their dreams, the government has formulated the National Education Policy

The emphasis on green growth with renewable energy, environmental conversation and matters of reforestation specially of the coastal areas are critical to note.

The budget pays heed to the need for fiscal consolidation reducing its fiscal deficit target to 5.9% of GDP in 2023-24 from 6.4% in 2022-23.

The focus has been to foster inclusive development and provide a strong impetus to job creation whilst also rekindling the investment cycle by reduction in personal taxes.

Finance Minister Nirmala Sitharaman said that ‘green growth’ would be one of the priorities of the budget.

Government continues to focus on good governance by providing a transparent and accountable administration.