Top 5 Takeaways from Union Budget 2022

 Finance Minister Ms Nirmala Sitharaman, while presenting the Union Budget, said that the country is expected to grow at 9.27 per cent in the coming year. With a focus on four pillars of development — inclusive development, productivity enhancement, energy transition, and climate action — the Budget gives a blueprint of economy from India at 75 to India at 100, Sitharaman said.In what is being called the shortest budget Speech by the FM, here are 5 key take ways, ObserveNow has narrowed down for you. 

 

 

·      Digital rupee to be issued by RBI in the upcoming year:

·      Taxpayers can now update I-T returns within 2 years

·      Income from virtual digital assets to be taxed at 30%

·      Customs duty on diamond to be reduced to 5%

·      Rs 48,000 crore allocated for completion of construction of 80 lakh houses

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