Digital rupee will be legal tender, can be used to purchase non-digital assets: Fin Secy TV Somanathan

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New SEZ Act will be WTO-compliant, will have high-class infra: Comm secy

The existing SEZ Act was enacted in 2006 with an aim to create export hubs and boost manufacturing in the country. However, these zones started losing their sheen after the imposition of a minimum alternate tax and the introduction of a sunset clause for the removal of tax incentives.

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Unemployment rate falls sharply to 6.57%, lowest since Mar 2021

India's unemployment rate witnessed a sharp decline to 6.57 per cent in January, the lowest since March 2021, as the country gradually recovers with easing of restrictions following a decline in Omicron cases, according to CMIE.

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View: Govt's capital spend & Gati Shakti will build world-class infrastructure

Government's capital spending and the ambitious PM Gati Shakti programme will build the world class infrastructure that is an essential requirement to become an advanced economy. The Prime Minister's vision on this is indeed laudable. Another welcome move is the announcement of a direct payment of ₹2.37 lakh crore to wheat and paddy farmers under the MSP scheme.

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Budget 2022: Finance Secy TV Somanathan and Secy DIPAM Tuhin Kanta Pandey share the govt's gameplan on income and expenditure

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Investors richer by about Rs 3 lakh crore on Budget Day

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Domestic value addition in manufacturing and exports high on agenda under the new Union Budget

​​The defence manufacturing sector is another large beneficiary of this year’s budget with 68% of the capital procurement budget being earmarked for the domestic industry in 2022–23 (up from 58% last year), which should bolster investments in domestic manufacturing in this key sector.

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Union Budget 2022: Explained in charts

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GST collection up 15%, tops ₹1.38 lakh crore in January

January is the fourth straight month when GST collections crossed ₹1.30 lakh crore.

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