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Union Budget 2022
Budget Expectations

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Budget Expectations

Here are the top 5 tax expectations from Union Budget 2022-2023. (representational image)
Updated : Jan 31, 2022

Budget 2022: 80C deduction limit to crypto tax, key things to watch out

Several sectors of the economy, including individual taxpayers, will keenly watch how the government balances populist measures and fiscal consolidation.

With Budget 2022 being around the corner, the EV ecosystem is expecting further government support for sectoral growth.
Updated : Jan 31, 2022

Budget 2022: Here are four key demands of EV charging sector

While facilitating grid connectivity is the right step for ease of setting up charging infrastructure, it is important that the government subsidises electrical connections and fixed load charges of EV charging point operators.

Representative image
Updated : Jan 31, 2022

Economic Survey forecasts 8-8.5% GDP growth for FY23; here's what experts say

While the Economic Survey forecasts a robust GDP growth, experts are more cautious.

Image source: Economic Survey 2021-22
Updated : Jan 31, 2022

Economic Survey 2022: Govt's safety-net to cushion Covid-19 distress

Many of the government’s safety net provisions continued during the second wave and have been extended further as appropriate. This was also combined with a rapid ramp-up of the vaccination programme.

Representative image
Updated : Jan 31, 2022

India needs to be wary of imported inflation, Economic Survey warns

There is a threat of imported inflation from the depreciating rupee value against the US dollar and the rising global oil prices that have touched $90 a barrel last week.

Sources also added that export incentive schemes like Rebate of State & Central Taxes and Levies (RoSCTL), Remission of Duties and Taxes on Export Products (RODTEP) may also see an extension
Updated : Jan 31, 2022

Budget 2022: FY23 may see lower outgo on food subsidies

The government is unlikely to extend the distribution of free food grains beyond March 2022.

Dr Ashutosh Raghuvanshi, MD and CEO, Fortis Healthcare
Updated : Jan 31, 2022

Budget 2022: Digital health infra needs focus, says CEO of Fortis Healthcare

Dr Ashutosh Raghuvanshi, MD and CEO, Fortis Healthcare, spoke to Business Today about a new emerging healthcare ecosystem, Covid-19 pandemic impacting medical tourism, company’s investment plans and the upcoming Budget.

Budget 2022: Key expectations of taxpayers
Updated : Jan 31, 2022

Budget 2022: Key expectations of taxpayers from FM Sitharaman

The taxpayer, in hopes of emerging out of the financial struggles, is expecting certain changes in the tax regime, elaborates Archit Gupta, founder and CEO of Clear.

The auto sector in India is one of the top contributors to GDP, is once again pinning hopes on the upcoming Budget for some strong and fruitful reforms. 
Updated : Jan 31, 2022

Budget 2022: Automobile industry seeks rationalisation of rates, other benefits 

Unlike Budget 2021, this time the government may use the opportunity to outline reforms focussing on the long-term strategy for the automobile sector which surely can lead to a significant increase in the demand for vehicles in all segments. 

Income tax relief, standard deduction hike, and tax relief for saving for kids' education are some of the expectations of the salaried class from finance minister Nirmala Sitharaman.
Updated : Jan 31, 2022

Budget 2022: Will the salaried class get income tax relief this year?

The expected relief comprises an increase in the basic exemption limit from Rs 2.5 lakh to Rs 3 lakh, while for senior citizens, it is being sought to be increased to Rs 3.5 lakh from the present Rs 3 lakh.

From income tax relief to exempting provident fund investments from taxation, here are the top five expectations of the Indian middle class from the upcoming Budget 2022-23:
Updated : Jan 31, 2022

Budget 2022: Here's what the middle class expects from FM Sitharaman

In order to emerge from this crisis, the middle class has a voluminous list of expectations from the upcoming Budget 2022-23, which is scheduled to be tabled by the Finance Minister Nirmala Sitharaman on February 1

India’s fiscal deficit surged to 9.5 per cent in FY2021 and the government budgeted to bring it down to 6.8 per cent in FY2022, which looks achievable amid surging tax collections.
Updated : Jan 31, 2022

Budget 2022-23: Set agenda, no surprises expected this time

The government might continue with its focus on healthcare and infrastructure-related capital expenditure and policies to kick-start the private investment cycle. Overall, the FM is set to walk a tightrope and is unlikely to pull any surprises, this time.

India's oil and gas industry has set high hopes on the upcoming Budget.
Updated : Jan 30, 2022

Budget 2022: Oil and gas industry seeks tax incentives to boost investment

Policy and tax interventions are the need of the hour for encouraging investments and ease of doing business in the sector.

Tech Mahindra expects the government to develop manufacturing, infrastructure, e-commerce sectors that will result in generating more jobs and impact many industries.
Updated : Jan 29, 2022

Budget 2022: Push tech adoption, R&D, innovation, says Tech Mahindra

With the government strengthening its commitment towards introducing reforms leading to ease of doing business and making India 'Atmanirbhar' by promoting 'Make in India' initiatives aggressively, Jagdish Mitra, Chief Strategy Officer and Head of Growth, Tech Mahindra believes India will be able to maintain its growth momentum.

Budget 2022: Pharma sector wants tax breaks, R&D incentives
Updated : Jan 28, 2022

Budget 2022: Pharma sector wants tax breaks, R&D incentives

The ongoing uncertainty over Covid-19 pandemic has tested the resilience of India’s healthcare system. More needs to be done, a survey conducted by Grant Thornton Bharat showed.

Budget 2022: Consumer durables sector expects focus on energy-efficiency
Updated : Jan 28, 2022

Budget 2022: Consumer durables sector expects focus on energy-efficiency

While hoping that the government rationalises GST for air conditioners , the industry expects the government to announce incentives for energy efficient products.

The Ministry of Tourism has also proposed some relief measures that could be addressed in the upcoming Budget.
Updated : Jan 28, 2022

Budget 2022: Tourism sector set to get nearly 12% hike

Tourism Ministry has requested Finance Ministry to give infrastructure status to the hospitality sector.

Considering the limited resources in midst of the pandemic, this year's Budget is not expected to bring in fresh deductions/exemptions
Updated : Jan 28, 2022

Budget 2022: The govt should rationalise provisions on carry forward of losses

Budget 2022 may be an opportunity to provide clarity on certain provisions and also extend the ambit of the existing provisions to cater to the needs of the current times.

The Union Budget 2022 will be presented on February 1 by Union Finance Minister Nirmala Sitharaman.-16:9
Updated : Jan 28, 2022

Budget 2022: Travel and tourism sector looks to the FM for revival

The industry feels that the Union Budget 2022 offers the government a significant opportunity to create a stimulus towards revival.

The record high levels of inflation in input costs for all key home appliances and electronic items, have forced manufacturers to hike prices at least three times since late-2020.
Updated : Jan 28, 2022

Budget 2022: Consumer durable makers seek lower taxation, better incentives 

Amid falling demand and record high inflations across the board, the country’s consumer durable makers are seeking some relief from the Finance Minister in the upcoming Budget on 1 February.

As per the NASSCOM report, India is expected to see 200 unicorns by 2025 highlighting the tech boom in the tech industry. (Photo: Reuters)
Updated : Jan 28, 2022

Union Budget 2022 to lay down path for a future-ready digital India

Sectors such as the film industry, art and luxury, is on the cusp of something exciting, where celebrities, artists, content creators will observe a new YouTube-like platform in the NFT space.

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