Budget 2022 LIVE: introduction of the tax on cryptos; electronic passports will soon be rolled out
Prior to the budget presentation, Sensex jumped over 700 points. driven by gains in IT and ATMs. Clarity on cryptocurrency, concessions in real estate and the abolition of the STT would be at the top of investors’ radar.
Monday, the Economic Survey 2021-22tabled by Finance Minister Nirmala Sitharaman in Parliament, forecast the economy to grow by 8-8.5% in the financial year beginning April 1 and said it was well placed to meet future challenges through widespread immunization coverage and supply-side reforms and regulatory relaxation.
The 2022 budget will also be closely watched for any changes to income tax rates and income tax slabs, in addition to the finance minister’s budget deficit target and divestment roadmap. .
As the country waits for FM Sitharaman’s budget presentation, there are some key issues we need to keep in mind, as Chief Economic Advisor Sanjeev Sanyal mentioned – we live in uncertain times. Geopolitical risks are rising, oil prices have soared and the withdrawal of global liquidity by major central banks is likely.
Stay tuned for Budget 2022 updates LIVE with Business Standard