The central government's decision to cap the surcharge on the long-term capital gains from shares of unlisted companies at 15 per cent is expected to boost investor confidence in start-up funding.
The Budget allocations earmarked for the benefit of children have remained below 2.35 per cent of the total Budget, according to an analysis report by Haq Centre for Child Rights, a non-profit organisation.
With a change in narrative with a 25-year vision, the goal is to establish an open, digital, and inclusive India. The budget will help India become self-sufficient and set the groundwork for a new India in its centenary year of independence.
The government is yet to file the draft document with Securities and Exchange Board of India (SEBI); market volatility and overall subdued sentiments of global investors also key challenges.
Healthcare sector bruised by the ongoing Covid-19 pandemic received dismal allocations in the Union Budget 2022, presented by FM Sitharaman on Tuesday.
Among the measures announced in the Union Budget 2022-23, Finance Minister Nirmala Sitharaman emphasised the government's focus on digital skill development, renovating the National Skill Qualification Framework and the need to align it with evolving industries.
India was at a distant 17th position among green bond issuing nations in 2021 with USA, Germany, China, France and UK occupying the top five slots. In 2021, India issued green bonds worth $16.5 billion.
After what has been a historic year of venture capital investments into Indian start-ups, the union government has taken special initiatives to further scale up start-up funding.
An increasing number of wearables and hearable players are manufacturing in India, and long-term policies will give them the desired support for local design and manufacturing in India.
While the legal experts have stated that the announcement made by the Union Finance minister, Nirmala Sitharaman of taxing keeping the taxation rate for virtual digital assets at 30 per cent will discourage crypto transactions, the industry players have welcomed the move.
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