Budget 2022-23 Archives - Talk To Iconic

Share Market Updates: Sensex jumps ahead of budget, Nifty above 17,500

The country’s general budget will be presented today. As Nirmala Sitharaman presents her budget tablet, the stock market will be monitoring it closely. Today, Tuesday, February 1, 2022, the opening of the market is creating a boom in the market. In the opening of the market today, both benchmark indices registered a substantial rally.

BSE Sensex jumped 600 points, while Nifty traded over 17,500 levels. At the opening, the Sensex was trading 603.39 points or 1.04 percent higher at 58,617.56, while the Nifty gained 159.25 points or 0.92 percent to 17,499.10.

As early trade unfolded, benchmark indices rose to new intraday highs. As of 09:42, the Sensex was at 58,688.79, up 674.62 points or 1.16%. As a result, Nifty added 183 points or 1.06% to 17,522.80. The real estate index of BSE has risen 1 percent.

According to the Economic Review for the financial year 2021-22 released on Monday, the market rose on the estimate of a better economic growth rate. Good openings in the European and Asian markets supported the upward trend in the domestic market. The Sensex was bullish yesterday and opened with good gains. Ultimately, it gained 813.94 points, or 1.42 percent, to close at 58,014.17. At the same time, Nifty advanced 237.90 points or 1.39 percent to close at 17,339.85 points.

During yesterday’s economic survey, some important data about the stock market was also shared. There has been a significant increase in interest in the Indian securities market from retail investors, according to the government. In April-November 2021, 2.21 crore individual Demat accounts were added as a result of the stock market boom.

As per the review, “the continued bullish trend in the Indian stock market has led to an increase in the participation of individual investors in the equity sector, and the share of individual investors in the total trading on NSE has risen from 38.8 percent in 2019-20 to 44.7 percent in April-October 2021.”

Related Post – Top 8 Benefits of Facebook Business Page

Budget 2022 Live Updates: RBI to release digital rupee in 2022-23, Finance Minister Nirmala Sitharaman made an important announcement

On Tuesday, Finance Minister Nirmala Sitharaman presented the Union Budget 2022-23 to Parliament. The Modi government has presented its fourth budget in its second term. In presenting the digital budget, Nirmala Sitharaman said that the government has been empowering citizens, especially the poor, since 2014. We are empowering the poor to become more capable. Nirmala Sitharaman announced 400 new Vande Bharat trains with better efficiency would be introduced in the next 3 years.

Union Cabinet approves the #Budget2022; the meeting underway at the Parliament has now concluded. Union Finance Minister Nirmala Sitharaman will present the Budget shortly. pic.twitter.com/jpHptTfhz0
— ANI (@ANI) February 1, 2022

Sitharaman said the government has now begun to focus on technology development in her budget speech. To meet this challenge, we are in a strong position. Budget for 25 years, the Finance Minister said. Investments will be made in modern infrastructure. In this budget, the general investment will be encouraged.

Budgets have had a significant impact on the stock market. The government’s priority will be to accelerate the economic activities affected by the pandemic and the challenges it faces.

1) RBI will issue digital rupee in 2022-23 using blockchain and other technology: Finance Minister

2) Finance Minister: GDP will grow by 9.2 percent

According to the Finance Minister, India’s economic growth rate is expected to be 9.2% this year. Among major economies, this is the highest rate. The IMF and World Bank have also projected India’s GDP growth rate to be the fastest in the world.

3) PM e-Vidya to expand from 12 to 200 channels: Finance Minister

4) Focus on domestic oil production: Finance Minister Nirmala Sitharaman

5) Finance Minister Nirmala Sitharaman aims to link five rivers

6) The government will also increase its procurement of Rabi crops, including wheat: Finance Minister

A policy is being developed to encourage fruit and vegetable production. Additionally, he announced the promotion of oilseed production amid high prices for edible oils. The government will also increase purchases of Rabi crops, such as wheat.

The ECLGS scheme has been extended until March 2023 for all hospitality sectors, including tourism and hotels fighting the Corona epidemic. The credit guarantee scheme for small-scale industries has also been extended.

7) 400 New Vande Bharat trains will arrive in three years: Finance Minister

According to Finance Minister Nirmala Sitharaman, 400 new Vande Bharat trains with higher efficiency will be introduced within 3 years; within 3 years, 100 PM Gati Shakti cargo terminals will be developed.

8) IPO of Life Insurance Corporation (LIC) to come: Finance Minister Nirmala Sitharaman

9) A 5-km corridor will be built on the banks of Ganga: Finance Minister Nirmala Sitharaman

10) We are focusing on enhancing the capabilities of the poor, according to the Finance Minister

Nirmala Sitharaman said that our emphasis is on enhancing the capacity of the poor. The economy will be strengthened by PM Gatishakti.

11) ‘Intention to build 25,000 kilometers of roads’, says Finance Minister in the budget speech

In her budget speech, Finance Minister Nirmala Sitharaman said that 25,000 km of roads would be built. ‘PM Gatishakti’ also emphasizes road transport.

12) Updates on the Union Budget 2022: Finance Minister says ‘PM Gatishakti’ is the key to economic growth

‘PM Gatishakti’ the driving force behind the economic transformation

‘PM Gatishakti’ is our top priority

Budget sessions are expected to be uproarious starting today, Pegasus-China issues will encircle the government

As the government prepares to face the opposition over matters like the Pegasus espionage case and Chinese ‘infiltration’ into eastern Ladakh, the legislature’s budget session begins today in a frenzy. Both Houses of Parliament will meet in a joint session on January 31 for a budget session addressed by President Ram Nath Kovind. On the same day, Nirmala Sitharaman will present the Economic Survey for 2021-22. A Union Budget for the financial year 2022-23 will be presented by the Finance Minister on February 1.

Related Post – Top Professional Hairstylists In Kolkata

As part of social distancing norms regarding the COVID, the Lok Sabha and Rajya Sabha will meet separately at different times in the first phase of the session. Zero Hour and Question Hour will not be conducted during the first two days of the budget session. During the Lok Sabha’s March session, it will be debating the President’s Address. The Prime Minister is likely to reply on February 7 to the discussion.

Lok Sabha Secretariat reports that the motion of thanks for the President’s Address will be discussed four days after the President’s address is delivered on February 2. Between January 31 and February 11, Parliament holds its first budget session. The budgetary allocation of various departments will be discussed after the break. Budget session phases two and three will begin on March 14 and end on April 8.

The President will deliver his address on January 31. Lok Sabha will present the general budget at 11 am on February 1. As of February 2, the Lok Sabha will meet from 4 p.m. to 9 p.m. Due to the Coronavirus pandemic, the Lok Sabha Secretariat has recently announced that both Houses’ chambers and galleries will be used for sitting members to attend the Lower House sitting.

Five states are holding elections at the same time as the budget session: Uttar Pradesh, Uttarakhand, Goa, Punjab, and Manipur. With the budget session around the corner, the main opposition Congress is circling around the government on issues such as the relief package for Corona families, inflation, unemployment, farm issues, and trade disputes with China.

Chinese aggression on the border, the ongoing standoff, inflation, unemployment, the economy, and the privatization of Air India and other state-owned companies will be among the topics to be discussed, according to the party. In order to ensure the smooth functioning of the Parliament, RS Chairman and Vice President M Venkaiah Naidu and Parliamentary Affairs Minister Prahlad Patel will meet on Monday. The Lok Sabha Secretariat has announced that the Business Advisory Committee will meet on Monday, January 31.

Related Post – Top 8 Benefits of Facebook Business Page

Many rules related to banking will change on February 1, Know about the new changes

Next month, many changes will take place. Budget 2022-23 will be presented by Nirmala Sitharaman on February 1. Besides affecting the economy, it will also have an impact on the lives of ordinary citizens. The budget is not the only change that banks will be made from February 1.

Related Post – Top 10 Fashion Bloggers in USA

A change will also be made to the rules for money transfers at SBI Bank starting February 1. A bank charges Rs 20 plus GST for transferring money between Rs 2 lakh and Rs 5 lakh using IMPS. The Reserve Bank of India (RBI) increased IMPS transactions from Rs 2 lakh to Rs 5 lakh in October 2021. In addition, the Reserve Bank has increased the limit for IMPS transactions to Rs 5 lakh instead of Rs 2 lakh.

Bank of Baroda’s rules will change

On February 1, the Bank of Baroda will also change its check clearance rules. Customers will be required to use the positive pay system for check payments on February 1. Only after the check information is sent will the check be cleared. The changes are applicable to check clearances over Rs.10 lakh.

PNB rules will be stricter

Punjab National Bank’s (PNB) upcoming changes will directly affect your pocket. A penalty of Rs 250 will be charged if the installment or investment fails due to insufficient funds. Until now, this penalty was 100 rupees.

Price of a gas cylinder

Every month, LPG prices are fixed on the 1st. In this case, it has to be seen what is the fluctuation in-cylinder prices on 1st February. If prices increase, it will certainly affect your pocket.

The budget will be presented

The budget presentation will be held on February 1 by Finance Minister Nirmala Sitharaman. Tax rules related to direct and indirect taxes (personal income tax rates) may be changed. Budgeting can bring many more changes to your financial life.