Budget 2022 LIVE updates: FM's speech at 11 am; rejig in tax slabs expected

 

Budget 2022 LIVE updates: Finance Minister Nirmala Sitharaman will present her fourth Union Budget in Parliament at 11 am today in a paperless format just like last year. The Budget speech will be keenly watched by both domestic and foreign investors, various interest groups like farmers, crypto Investors, anxious middle class and corporate entities, besides parliamentarians.

On Monday, the Economic Survey 2021-22, tabled by Finance Minister Nirmala Sitharaman in Parliament, projected the economy to grow by 8-8.5% in the financial year beginning April 1 and said it was well placed to meet the future challenges on the back of widespread vaccine coverage, supply-side reforms and easing of regulations. The Survey expects the economy to grow by 9.2% during the current financial year, indicating a recovery to the pre-pandemic level.

Budget 2022 will also be keenly watched for any change in income tax rates and income tax slabs, besides the finance minister's fiscal deficit target and disinvestment road map. Read Full Article Here

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