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Highlights of the Union Budget 2022-23
On 1st February 2022, Finance Minister Nirmala Sitharaman presented the Union Budget 2022-23 in Parliament. It was the second paperless budget.
- Union Budget seeks to lay foundation and give blueprint of economy over ‘Amrit Kal’ of next 25 years – from India at 75 to India at 100.
Summary of the Economic Survey 2021-22
With the central theme “Agile Approach”, the Economic Survey 2021-2022 was presented by the Union Minister for Finance & Corporate Affairs Smt Nirmala Sitharaman on 31st January 2022.
The Survey states that the year ahead is well poised for a pick-up in private sector investment with the financial system in a good position to provide support to the revival of economy.
Budget Introduces Agriculture Infrastructure And Development Cess (AIDC)
Agriculture Infrastructure & Development Cess (AIDC), has been introduced in the Budget 2021-22 to aid the agri sector.
The cess is not uniform and varies from product to product.
Proposed Agriculture Cess
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