UNION BUDGET 2022-23
theBooster Budget
UNION BUDGET 2022-23 the Booster Budget
Budget Player

Budget and Impact on Sectors

Financial Markets

Crypto push

Crypto push

FM proposes flat 30% tax on income from virtual digital assets

impact

It paves the way for the regulation of digital assets like cryptocurrencies.

stocks to watch for

Pharma

Improved access to healthcare

Improved access to healthcare

An open platform for the national digital health ecosystem will be rolled out. National tele-medicine programme to be launched.

impact

It will improve access to healthcare for people including in remote areas.

stocks to watch for

Auto

EV boost

EV boost

Boost for EVs with battery swapping policy

impact

Will help mitigate one of the biggest hindrances to adoption of electric vehicles in India - range and charging anxiety.

stocks to watch for

Information Technology

SEZ made easier

SEZ made easier

The current SEZ Act to be replaced with a new act, which will allow states to become partners in the zone’s development.

impact

Will make compliance norms easier and thus setting up of SEZs easier. Not clear whether it meets industry demands.

stocks to watch for

Consumer & Retail

More money in farmers’ hands

More money in farmers’ hands

Procurement of wheat and paddy for 2021 seasons from 16.3 million farmers. In this Rs 2,370 billion will be the direct payment of MSP value to their accounts.

impact

It will improve farmers’ incomes and can drive up consumption.

stocks to watch for

Banking

Digital coin crosses one hurdle

Digital coin crosses one hurdle

FM proposes digital rupee using blockchain technology by the RBI in 2022-23, to boost the digital economy.

impact

This is a big announcement in the run up to the official launch of CBDC.

stocks to watch for

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Real Estate

Affordable housing

Affordable housing

FM allotted Rs 48,000 crore towards housing projects for FY23 under PM Housing scheme.

impact

The enhanced allocation should further boost affordable housing projects in the country.

stocks to watch for

Infrastructure

Highway expansion

Highway expansion

National Highways will be expanded by 25,000 km. Rs Rs 20,000 crore will be mobilised through innovative ways of financing for national highways.

impact

Road construction stocks rise as FM says highway network to grow by 25,000 km in FY23.

stocks to watch for

Startups

One more year of tax breaks

One more year of tax breaks

Tax rebate on profits made extended for one more year.

impact

It will help young companies in the country, which number over 61,400.

Agriculture

Farmer Focus

Farmer Focus

Promotion of chemical-free natural farming, oil seed production and millet marketing, and a fund to promote agritech.

impact

It can improve soil health, farmer income and better productivity. Will also reduce edible-oil import bills.

stocks to watch for

Banking

Wider digital banking

Wider digital banking

Opening of 75 digital banking units in 75 districts by scheduled commercial banks.

impact

This is good news for digital banking push and related companies.

Banking

Cross border IBC resolution

Cross border IBC resolution

Necessary amendments in IBC structure to promote cross border insolvency resolutions.

impact

More teeth for the IBC mechanism. This is a much needed step and was a key point mentioned in the Economic Survey.

Defense

Boost for domestic defense manufacturers

Boost for domestic defense manufacturers

68% of defense Budget to be allotted towards domestic industry component of imports in the defence will be brought down further from 58% to 68% in 2022-23.

impact

This will further boost order books of Indian manufacturers in private and public sector.

stocks to watch for

Energy

Solar push

Solar push

Additional allocation of Rs 19,500 crore for PLI for solar PV module.

impact

This would boost domestic manufacturing of solar power equipment, subsequently benefit solar power generators.

stocks to watch for

Infrastructure

Capex Budget for FY23 gets a big boost

Capex Budget for FY23 gets a big boost

The FM allotted Rs. 7.5 lakh crore for capital expenditure in FY23, almost 2.2 times of the allocation of FY20.

impact

The capex thrust should boost job creation and long-term growth of the economy.

stocks to watch for

Banking

Digital coin crosses one hurdle

Digital coin crosses one hurdle

FM proposes digital rupee using blockchain technology by the RBI in 2022-23, to boost the digital economy.

impact

This is a big announcement in the run up to the official launch of CBDC.

stocks to watch for

Education

Digital push

Digital push

Budget announces establishment of a Digital University, 200 TV channels for education sector.

impact

To promote technology adoption in education. Will supplement education delivery via vernacular languages

Startups

Drone takes flight

Drone takes flight

Kisan drones will be used for crop assessment, digitisation of land records and spraying of insecticides.

impact

Startups will be encouraged to launch ‘drone shakti’ and offer drone as a service.

Personal Finance

Filing made easier

Filing made easier

Taxpayers can now avail of a 2-year window to file revised returns if they have forgotten or erred in missing returns.

impact

This will help reduce friction with the tax department and also improve compliance.

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Real Estate

FDI in realty

FDI in realty

Digitisation of land records at a national level.

impact

It will make it easier for FDI participation in real-estate.

Pharma

Concessional tax extended

Concessional tax extended

Govt extends concessional 15 percent income tax for new manufacturing companies till March 31 2024.

impact

Useful for companies who are planning new projects through separate companies whose plans may have been delayed by covid

Consumer & Retail

Shining through for jewellery

Shining through for jewellery

Simplified regulation for ecommerce exports in gems and jewellery sector, and duty reduction to 5 percent for cut/polished diamonds and gemstones.

impact

It will improve exports of gems and jewellery.

Startups

Boost for VC and PE investments

Boost for VC and PE investments

Expert committee to be formed for VC & PE investments. More fund of funds managed by private entities to be rolled out, with govt share’s at 20%.

impact

It will help boost investments.

Startups

Unlisted shares LTCG capped

Unlisted shares LTCG capped

Long term capital gains for unlisted shares remains at 15 percent.

impact

Huge win for startups. Effectively reduces tax for angel investors from 28.5% to 23%. Draws more investments.

Union Budget 2022 Highlights | All the action from FM Sitharaman’s announcements—as it happened

Union Budget 2022 Summary: Presenting Budget 2022-23, Nirmala Sitharaman estimated India's total expenditure at Rs 39.45 lakh crore and projected fiscal deficit at 6.4% of GDP for FY23. What did the budget have for the middle class, taxpayer and investor? Here are the full details, packed with expert views, reported pieces and in-depth analyses.

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Stocks

Madras Fert 47.10
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ITC 272.65
1.75 (0.65%)
Titan Company 2112.00
-28.10 (-1.31%)
HPCL 233.70
-8.45 (-3.49%)
TCS 3166.60
-121.45 (-3.69%)
Indiamart Inter 4127.45
-131.75 (-3.09%)

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Top News
Budget 2022

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Presented by Life Insurance Corporation of India
Budget 2022 | Focus on industrial, technological prowess to become defence self-reliant

Budget 2022 | Focus on industrial, technological prowess to become defence self-reliant

Given that weapons systems are just another type of machines, India would rather master making these machines themselves, and then move on to those for military purposes 

State of The Economy

GDP growth dipped even before COVID...

GDP growth dipped even before COVID...

as private consumption too slowed...

as private consumption too slowed...

...and manufacturing remained in dire straits

...and manufacturing remained in dire straits

High inflation crimps space for further rate cuts

High inflation crimps space for further rate cuts

Although RBI has cut repeatedly during the past 2 years...

Although RBI has cut repeatedly during the past 2 years...

...bank credit growth remains tepid

...bank credit growth remains tepid

The tax bases has not broadened as much as desired...

The tax bases has not broadened as much as desired...

.. and the fiscal deficit is putting pressure on interest rates...

.. and the fiscal deficit is putting pressure on interest rates...

The govt's debt burden too is expected to climb

The govt's debt burden too is expected to climb

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Budget 2022 | Government rolls out tax regime for all virtual assets, experts hail move 'legalising' crypto

Budget 2022 | Over the past year, there has been a boom in individuals investing in cryptocurrencies, with exchanges crossing millions of users

Budget 2022 | FM announces 23 national tele-mental health centers

Budget 2022: As the lack of quality mental health services in India has been a major concern even prior to the COVID-19 pandemic, the announcement on setting up dedicated centers to address the problem across the country comes as a welcome move.

Budget 2022 | Battery swapping policy, interoperability standard to be introduced for e-vehicles; here are the details

The policy would introduce an interoperability standard which could transform the EV industry. How exactly would it work?

Budget 2022: SEZ Act to be replaced with new legislation, says Nirmala Sitharaman

Budget 2022: Since 2005, the government has given formal approval under the SEZ Act, 2005, to 426 SEZs and in-principle clearance to 33 SEZs. But, as of September 30, only 268 units were operational across the country, employing 2.36 million people.

Budget 2022: Retail sector seeks relief measures, steps to boost consumption

The retail industry, which struggles with low footfalls and poor sales whenever a new wave strikes and movement curbs are introduced, wants the government to restructure GST formalities, extend the moratorium on loans and create a national policy for retail.

Budget 2022: FM Sitharaman announces Digital Rupee. Here's how it will work

A CBDC is the digital form of fiat currency and will ease transactions. An RBI report had earlier described CBDC as something that will provides a safe, robust, and convenient alternative to physical cash.

Budget 2022: Affordable housing gets major boost

As many as 80 lakh homes are expected to come up by 2023.

Budget 2022 | National Highways to be expanded by 25,000 km in 2022-23: Nirmala Sitharaman

Nirmala Sitharaman announced this while presenting the 2022-23 Budget in Parliament.
Gen Z Adda Dil Chahta Hai by Farhan Akhtar was a point of inflection in Indian filmmaking. Will 2022-23 be a breakout year for the Indian economy?
Budget 2022: FM Sitharaman announces Digital Rupee. Here's how it will work

Budget 2022: FM Sitharaman announces Digital Rupee. Here's how it will work

A CBDC is the digital form of fiat currency and will ease transactions. An RBI report had earlier described CBDC as something that will provides a safe, robust, and convenient alternative to physical cash.

Team India Budget

The team responsible for the budget preparation.
Conservative budget, but overall capex much ado about nothing

Conservative budget, but overall capex much ado about nothing

Unlike past exercises, this year’s budget is conservative on many counts, including growth estimates and expenditure projections. The government has also resisted the temptation, again marking a departure, to launch populist measures to coax voters

Vote on Account

The Vote on Account is a grant made in advance by the Parliament, allowing an outgoing government to incur expenses for the part of the year it will be in office.

What is a fiscal deficit?

This is the gap between the government's total spending and the sum of its revenue receipts and non-debt capital receipts. It represents the total amount of borrowed funds required by the government to completely meet its expenditure.

Finance Bill

The Bill presented in Parliament immediately after the presentation of the Budget, which details changes in tax policy announced in Budget.

Fiscal deficit

When the government's receipts fall short of its expenditures, it borrows money to bridge the gap. The excess of total expenditure over (non-borrowed) receipts is called fiscal deficit.

Consolidated Fund of India

All revenues raised, interest earned and money borrowed by the government flow into it. All government expenditures, except from Contingency Fund and Public Account, are made from the Consolidated Fund of India.

Indirect tax

Indirect tax is imposed on goods and services. For example, GST.

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