Live Updates - Union Budget 2022 Discussion Thread

ECLGS Scheme Extended till March 2023 

Schools students mostly in government schools have lost 2 years of school – 1 class 1 TV channel, program of PM Vidya – expanded to 1 class 200 TV channel .

Regional languages channels from classes 1 to 12

11: 26 : Digital registry for healthcare - 

Mental health problems increased during pandemic – network of telemedical health centres with IIIT bangalore providing technological support

80 lakh houses to be built under the PM Awas Yojana in both rural and urban areass; 48000 crore allocated

Livelihood opportunities program for North East – 5000 cr allocated

60,000 crore allocated for providing access to tap water to 3.8 crore households

Border villages – with sarse population – to be covered under vibrant villages program 

11:33 - 75 digital banking units in 75 districts of the country by Scheduled commercial banks

11:36  : A single window portal for all green clearances launched in 2018- Scope of portal to be expanded for applicants, information about specific approvals to be provided- Four approvals in a single form – Green CPC

‘One class, one TV channel’ program of PM eVIDYA will be expanded from 12 to 200 TV channels. This will enable all states to provide supplementary education in regional languages for classes 1 to 12

E-passports – embedded chip and futuristic tech – in 2023. 

Orderly development of Urban areas,  require to reimagine cities for sustainable living ,plan to steer a paradigm change , high level committtee on urban sector planning and governening.

Support to provided to states - 

11:40 – for EV battery swapping and interoperability processes will be formulated 

11:43 - A paperless end to end online e-bill system for all central ministries for their procurements, enabling suppliers and contractors to submit digitally signed bills

₹1,400 cr to be allocated for 123 MW Hydro & 27 MW Solar projects in fy2023

5G production linked scheme to be launched

Bharat Net Project to be launched and completed by 2025 for optical fibre promotion. Contract for laying optical fibre in all villages to be awarded under this project.

Atmanibharta in defence - 

68% of capital procurement budget to be earmarked for the domestic industry in 2022-23 up from 58% in 2021-22

11:50 Solar power – Additional allocation of 19,500 crores under PLI for manufacturing high-efficiency modules.

11:56 - Green bonds to be issued as part of the government’s market borrowings.

11:58 - International Arbitration Centre to be set up in GIFT city for timely dispute settlement.

Outlay for capital expenditure to be stepped up sharply by 35.4% from Rs 4.54 lakh crore to Rs 7.50 lakh crore in 2022-23

For climate action, deep tech, pharma and agri tech- Government to promote thematic funds.

Introduction of a central bank Digital currency to boost the digital economy.

🔥For efficient and cheaper currency management system- Introduces digital rupee through blockchain technology, by RBI from 2022-23.

12:03 -  In 22-23, allocation of Rs.1 lakh crore to assist investment in states as a 50-year interest-free loan, over and above normal borrowings for the states

12:05 - 

Budget estimate for total expenditure is revised at Rs.39.45 lakh crore.

Total receipts estimated at Rs. 22.84 lakh crore

12:07 - FM presents Part-B of her speech for Direct Taxes

FM starts by quoting from the Mahabharata - Shanti Parvata Adhyaya

Some tax payers may realise some mistakes – to provide opportunity to correct - A new provision – File an updated return on payment of additional tax within 2 years from the end of the assessment year.