While tabling her fourth Budget, Nirmala Sitharaman said that it will lay the foundation for the next 25 year's economic growth. Let us examine what this Budget has in store for the country
Budget 2022 saw a sharp increase in capital expenditure and the government committing enhanced support for the hospitality sector and related services. There was also an announcement that a digital rupee, using Blockchain, would be issued by the RBI soon. Among other things, the government also rejigged the customs duty structure.
The share of the Budget allocated to capital expenditure is the highest in 19 years.
Budget 2022 has allocated 7.5 trillion rupees to capital expenditure. This is 35.4 per cent higher than the previous year’s allocation of...read more