The Union Budget 2022 was a much-anticipated event: after two long years, we were likely seeing the light at the end of the pandemic tunnel; growth had returned with a vengeance in recent quarters; PLI schemes had provided a significant boost to several sectors, particularly manufacturing; and capital markets were reflecting the economy’s positive sentiment …
On Tuesday, Feb 1, 2022, Honourable Finance Minister Nirmala Sitharaman announced various proposals in the Fiscal Budget 2022-23. India is the third-largest emerging economy from the Asian pack of countries. Keeping that in mind, the FM conveyed that the budget has been drafted to prepare the nation by laying a solid foundation for economic growth. …
The Indian Railways will get a capital expenditure boost of Rs 2.45 lakh crore in the financial year 2022-23, which is 14% more than the current financial year’s scheduled capital expenditure of Rs 2.15 lakh crore. The funding will be used to construct railway lines, wagons, and trains, as well as electrification, signaling, and station …
