⦿ Budget 2022 Updates

Today Finance Minister Nirmala Sitharaman announced Budget 2022

⦿  Budget 2022 Updates

E-Passport would be rolled out from next year. The E-passport going to use embedded chips and futuristic Technology, Finance Minister said.

01.

Digital India E-passports

⦿  Budget 2022 Updates

"PM Gati Shakti will encompass the seven engines for multi-modal connectivity for the states with speedier implementation of development projects through technology to facilitate faster movement of people and goods."

02.

"PM Gati Shakti" 

⦿  Budget 2022 Updates

metro systems design including civil structures will be reoriented and standardized for Indian conditions and needs. The minister said the purpose of this project would be to improve connectivity and convenience for commuters and promote tourism

03.

Plans for Metro systems at appropriate scale

⦿  Budget 2022 Updates

"To promote a shift to the use of public transport in urban areas...special mobility zones with zero fossil fuel policy will be introduced...Considering space constraints in urban areas, a 'Battery Swapping Policy' will be brought in said FM Nirmala Sitharaman

04.

400 new Vande Bharat trains to be introduced

⦿  Budget 2022 Updates

"1,208 lakh MT of wheat and paddy is from 163 lakh farmers. 2.37 lakh crores will be the direct payment of Minimum Support (MSP) value to their accounts." Finance Minister Nirmala Sitharaman

05.

Rs 2.37 lakh crore for buying crops under minimum support price

⦿  Budget 2022 Updates

"PM Gati Shakti will encompass the seven engines for multi-modal connectivity for the states with speedier implementation of development projects through technology to facilitate faster movement of people and goods through Rs 20,000 crore financed by the government to speed up this project." Nirmala Sitharaman, Finance Minister

06.

Rs 20,000 crore to be mobilised with innovative ways of financing

⦿  Budget 2022 Updates

Around 68% of the capital procurement budget for Defence to be earmarked for domestic industry to promote Aatmanirbhar Bharat and reduce dependence on imports of defence equipment, Nirmala Sitharaman said in her Budget speech

07.

68% capital for defense purchases will be for domestic sector

⦿  Budget 2022 Updates

"Taking forward this agenda, and to mark 75 years of Independence, it's proposed to set up 75 digital banking units in 75 districts of the country by scheduled commercial banks. The financial support for digital payment ecosystem - announced in the previous budget - will continue in 2022-23 as well," she said.

08.

75 digital banking units in 75 districts by scheduled commercial banks

⦿  Budget 2022 Updates

"The introduction of central bank digital currency will give a big boost to the digital economy. Digital currency will also be a more cheaper and efficient currency management system," Ms Sitharaman said today

09.

 Digital rupee using blockchain  to be issued by RBI

⦿  Budget 2022 Updates

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