Budget 2022

  Lok Sabha gives assent to additional net spending of Rs 2.99 trn Union Finance Minister Nirmala Sitharaman on Monday said the additional expenditure consent sought by the Centre from Parliament through Supplementary Demand for Grants this year was around 9.6 per cent of the 2021-22 Budget size of Rs 34.8 trillion. This compares to 8.6 per cent during the time of the Manmohan Singh government in 2011-12, she said, adding that the Centre did not under-provision in the Budget. Replying to the debate on the second Supplementary Demand for Grants and the Appropriation Bill in the Lok Sabha, Sitharaman said the Centre was seeking legislative nod to spend Rs 2.99 trillion extra because of issues such as the Air India sale and the rise in global fertiliser prices, which led to a sharp increase in fertiliser subsidy burden this year. “Many members have asked if the demand this time is so high because we underestimated in Budget Estimates (BE)? The big-ticket expenditure items include Air Indi

The meetings will be held in a virtual format in the national capital Delhi and will focus on various aspects of the forthcoming general budget 2022-23, which is to be unveiled by the central government on February 1, 2022. Ahead of the 2022-23 Union Budget of India, finance minister Nirmala Sitharaman will on Friday hold a series of pre-budget consultations with stakeholders from various industries in two sessions. While the first session will have the Union minister interacting with representatives from the services and trade sector, the next session will be with experts from industry, infrastructure, and climate change. According to officials familiar with the matter, the meetings will be held in a virtual format in the national capital Delhi and will focus on various aspects of the forthcoming general budget 2022-23, which is to be unveiled by the central government on February 1, 2022. “Union finance minister Nirmala Sitharaman will chair pre-budget consultations with stakeholders