Union budget 2022: Key highlights of the Budget Speech

Finance Minister Nirmala Sitharaman Proposed the union budget for 2022 in the Parliament today.

Here are key highlights from the Budget speech

1. Highway network to accumulate by 25,000 km, 4 multi-modal park agreements to be granted

2. Strategies of the Ministry for Women and Child Welfare revised considerably

3. IIIT-B to give assistance to healthcare infrastructure

4. 8 million fresh dwelling in rural, urban regions to be finalized under PM Awas yojana and Outlay for this proposal is about Rs 48,000 crore.

5. 75 digital banking policies in 75 districts by anticipated commercial banks

6. 38 million families to receive piped water
7. Rs 2.37 trillion cost of MSP immediate payments to wheat and paddy farmers
8. E-passports with embedded chips in it to be launched
9. 100 year infra proposals on the promotions, blueprint on following 25 years in this union budget
10. Kisan Drones for crop examination, land data, spraying of insecticides wanted to ride a surge of technology in agriculture category
11. 200,000 Anganwadis to be boosted for enhancing child health
12. Natural farming will be facilitated along Ganga river hallway
13. Realising the significance of ‘Nari Shakti’, 3 strategies were inaugurated to give incorporated improvement for women and children
14. National tele mental health scheme, with 23 nationwide tele mental health centres to be inaugurated
15. One Class one TV Channel to be enforced to give supplementary education  to kids to give rise to for casualty of conventional education due to Covid19 pandemic
16. IBC to be revised to enhance efficiency of determination procedure encompassing cross-border
17.  Electric Vehicles battery-swapping strategy to be given rise to with interoperability norms
18. Extra allotment of Rs 19,500 crore for PLI in solar PV module generating
19. Four pilot undertakings for coal gasification and modification of coal into chemicals
20. Amended Fiscal Deficit 6.9 per cent of GDP in FY22 as related to  6.8 per cent in Budget conclusions
21. 2000 km of rail network to be made under indigenous technology KAWACH for security and capability growth
22. To lessen indirect expenses for suppliers, surety contracts will be reasonable
23. Expanse auction will be administered to roll out 5G mobile assistance within 2022-23 by private companies
24. Substitute minimum tax for communal societies below from 18.5 per cent to 15 per cent
25. Formulated to inaugurate Digital Rupee by RBI utilizing blockchain technology, commencing 2022-23
26. Criteria will be seized to walk up private capital in infra region
27.  PE/VC donated Rs 5.5 trillion in start-up, specialist council will be establish up to indicate criteria to enable persuade investment
28.  Data centre and energy storage policy to be provided infrastructure importance; motion to give easy financing
29. Worldwide arbitration centre will be establish up in GIFT town to give rapidly conflict determination
30. Total payment in FY23 rated at Rs 39.45 trillion with a total aids mobilisation to be Rs 22.84 trillion additional than using
31. Tax freedom to start-ups extensive to March 2023
32. Duty on unpolished diamonds to be lessened to 5 per cent
33. Policies duty on steel scrap broadened