The budget document summarizes the key announcements from the Indian Union Budget for 2022. It outlines increased spending on infrastructure development including 5G networks, affordable housing, and rural broadband access. It also provides allocation amounts to various government ministries and details fiscal deficit projections. Proposals for the agriculture, taxation, and digital currency sectors are also highlighted.

1. BUDGET -2022
N A M E – A N K I T S H A R D A
Y O U T U B E C H A N N E L N A M E – A G R O L E A R N I N G ( A N K I T S H A R D A )

2. HOSTED BY –
SMT. NIRMALA SITHARAMAN

3. • Finance minister NIRMALA SITHARAMAN replace the age –old
briefcase which used to carry the budget speech to the parliament with
a Hindustani ‘’bahi khata’
• She is also the first female finance minister to present the maximum
budgets (4th time )
• Date of budget speech – 1 feb 2022

4. ANNOUNCEMENTS
• Start-Ups will be promoted to facilitate Drone Shakti in all states, required process for
skilling will be started.
• PM development initiatives for North East to be implemented to fund infrastructure
and social developmental projects.
• FM: Public issue of LIC is expected shortly.
• Ease of Doing business 2.0 and Ease of Living will be launched
• Over 25k compliances and 1486 union laws were repealed for minimum government
and maximum governance Single window portal for all green clearances and helped
reduce the time required for approval.
• . The scope of this portal will be expanded.
• IRDAI has given the framework for issue of surety bonds by insurance companies
• Additional credit for MSME of Rs 2 lakh crore

5. DEFICIT/EXPENDITURE
• Proposes fiscal deficit of 4.5% of GDP by 2025/26
• Projects fiscal deficit of 6.4% of GDP in 2022/23
• Revised fiscal deficit for 2021/22 at 6.9% of GDP
• Total expenditure In 2022/23 seen at 39.45 trillion rupees
• States will be allowed 4% fiscal deficit to GDP in FY23
• 50 year interest free loans over and above normal borrowing allocated to states

6. INFRASTRUCTURE
• 5G spectrum auctions to be conducted in 2022
• Scheme for design-led manufacturing for 5G will be part of production-linked scheme
• To award contracts to lay optical fibre in rural areas, completion in 2025
• 480 billion rupees set aside for affordable housing in 2022/23
• To allocate additional 195 billion rupees for production-linked incentives towards
solar equipment manufacturing
• Rs 60,000 crore allocated to cover 3.8 crore households for tap water.
• 100% of 1.5 lakh Post Offices to come on core banking system to enable inter-
operability and financial inclusion
• It is proposed to set up 75 digital banking units in 75 districts by scheduled
commercial banks
• To enable affordable broadband services, 5% of annual collections under universal
service obligations to provide R&D and commercialisation of communication facilities.

7. TAXATION
• Import duty on certain chemicals are being reduced
• Customs duty exemption on steel scrap to be extended for another year
for small- and medium-sized businesses
• Customs duty on stainless steel, flat products, high steel bars to be
revoked
• Unblended fuel to get additional duty of 2 rupees per litre from October
2022
• No change in personal income tax slab

8. AGRICULTURE SECTOR
• 2.37 lakh crore direct payment of MSP value to163 lakh farmer to their
account
• Chemical free natural farming on a 5km wide corridor along river Ganga will
be promoted
• States will be asked to revive agriculture universities
• Start-Up funding arrangement for agriculture tech start up
• Use of kisan drone to aid farmers
• Delivery of digital and hi-tech services to farmers in PPP mode.
• Funds with blended capital to finance agriculture start –up (NABARD)
• Domestic scheme introduced to reduce dependence on oilseed imports
• Implementation of ken –betwa link project (45606 crore ) benefits to 9.1 lakh
hactar farm land and providing drinking water to 62 lakh people

9. DIGITAL CURRENCY
• To launch digital rupee using blockchain technology starting 2022/23
• To launch scheme for taxation of virtual digital assets
• Losses from sale of virtual digital assets cannot be offset against other income
• Income from virtual digital assets to be taxed at 30%
•Virtual digital assets
• It is proposed that transfer of any virtual digital asset shall be taxed at 30%.Further,
loss cannot be set off against any other income
• Gifting of virtual assets will be taxed at the hands of the recipient.
• TDS of 1% too for virtual digital asset

10. KEY ALLOCATION FROM UNION
BUDGET 2022
• MINISTRY OF COMMUNICATIONS 1.05 lakh cr
• MINISTRY OF CHEMICALS ANDFERTILISERS 1.08 lakh cr
• MINISTRY OF AGRICULTURE ANDFARMERS' WELFARE 1.33 lakh
cr
•
• MINISTRY OF RURAL DEVELOPMENT 1.38 lakh cr
• MINISTRY OF RAILWAYS 1.40 lakh
cr
• MINISTRY OF HOME AFFAIRSMINISTRY OF ROAD TRANSPORT ANDHIGHWAYS 1.99
lakhcr
• MINISTRY OF CONSUMER AFFAIRS, FOOD AND PUBLIC DISTRIBUTION 2.18 lakh cr

11. EDUCATION SECTOR
• '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’
• Digital University to be developed and launched with an aim to provide access
to world class quality education to the students
• Skilling programs will be reoriented. For skilling, upskilling & reskilling of our
youth, Digital DESH e-portal will be launched
• Quality e content to be made through various means. teachers to be trained to
use better e teaching outcomes

12. COSTLIER
•Umbr
ella
•Imitatio
n
Jewellery
•Single or
multiple
loudspeakers
•Headphones and
earphones
•Smart meters
•Solar cells
•Solar modules
•X-ray machines
•Parts of electronic toys
Camera lens for cellular
mobile phone
•Cut and polished
diamonds
•Asafoetida
•Cocoa beans
•Methyl
alcohol
•Acetic
acid
•froze
n
squid
cheaper

13. THANKU
• Any question
• Mail Id ---ankitsharda18@gmail.com
• Linkedin id - https://www.linkedin.com/in/ankit-sharda