Hilights of Budget 2022

Budget 2022 Hilights 

1. Expand Highway network by 25,000 km

2. Electric Vehicles Infrastructure to be upgraded, Batteries to be considered as a service

3. Spectrum Auction for 5G in 2022

4. Optical Fibre in All India villages by 2025 

5. Rollout of 5G in 2023

6. 19,500 Cr. in PLIs for High-efficiency modules in solar

7. Capex stepped up by 35.4%, from INR 5.50 Cr. to IN 7.50 lakh crore for 2022 with embedded chips to be rolled out in

8. E-passports 2022-2023

9. 10.68 lakh crore expected for 2022-2023, capital expenditure over 4% of GDP 

10. Govt. will introduce digital rupee using blockchain technology in 2022-2023. Digital rupee to beissued by RBI 

11. Fiscal Deficit revised to 6.9% of the GDP

12. New updated I-T returns can be filed in 2 yrs. 13. Surcharge for Cooperative society reduced from 12% to 7% for income of IN 1 Cr. - INR10 Cr. 

14. Tax Incentives for start-ups increased by 1 yr.

15. Tax deductions for state employees to NPS increased to 14%

16. Concessional Tax for manufacturing stays

17. Virtual digital assets transactions to be taxed at 30%, TDS at 1% on transfer

18. Income via Crypto will be taxed at 30% 19. Surcharge on long term capital gain capped at 15%

20. Record GST collection of 1.49 lakh crore in Jan. 2022

21. Custom duty on cut and fine Diamonds reduced to 5%

22. Duty reduced to promote shrimp exports

23. Defence capital outlay increased INR 2 lakh Cr. credit for MSMEs

25. Electrification of railways by 2023 26. Allocated INR 48,000 Cr. for PM Awas Yojna

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