Indian 2022 Budget Analysis on stock market
BUDGET 2022 QUICK SUMMARY
EXPENDITURE
1.
Projects fiscal deficit of 6.4% of GDP in
2022/23
2.
Revised fiscal deficit for 2021/22 at 6.9% of
GDP
3.
Total expenditure in 2022/23 seen at 39.45
trillion rupees
4.
States will be allowed 4% fiscal deficit to GDP
in FY23
5. Scheme
for financial assistance to states for capital investment outlay to be 1
trillion rupeesin 2022/23
TAXATION
1.
Import duty on certain chemicals are being
reduced
2.
Customs duty exemption on steel scrap to be
extended for another year for small- andmedium-sized businesses
3.
Customs duty on stainless steel, flat products,
high steel bars to be revoked
4. Unblended
fuel to get additional duty of 2 rupees per litre from October 2022
FINANCE
2.
Energy transition and climate action will be a
major government priority
3.
Public issue of Life Insurance Corporation
expected shortly
4.
Initiatives from last year's budget have been
provided adequate allocations in this budget
5.
Special Economic Zones Act to be replaced with
new legislation
6.
To amend bankruptcy code to speed up resolution
process
7.
Aims to lower winding up of companies to 6
months from 2 years currently8.
8. Long
term capital gain surcharge to be capped at 15%
DIGITAL CURRENCY
1.
To launch digital rupee using blockchain
technology starting 2022/23
2.
To launch scheme for taxation of virtual digital
assets
3. Losses
from sale of virtual digital assets cannot be offset against other income4.
Income from virtual digital assets to be taxed at 30%
DEFENCE
1. Govt committed to reducing defence imports
INFRASTRUCTURE 
1.
5G spectrum auctions to be conducted in 2022
2.
Scheme for design-led manufacturing for 5G will
be part of production-linked scheme
3.
To award contracts to lay optical fiber in rural
areas, completion in 2025
4.
480 billion rupees set aside for affordable
housing in 2022/23
5. To
allocate additional 195 billion rupees for production-linked incentives towards
solarequipment manufacturing
AGRICULTURE
1.
Domestic scheme introduced to reduce dependence
on oilseed imports
2. Fund
with blended capital raised under co-investment model to finance agriculture
startups3. Railways to develop infrastructure for small farmers in 2022/23
TRANSPORT
1.
400 energy efficient trains to be manufactured
over next three years
2.
National highways network to be expanded by
25,000km in 2022/23
3.
Highways expansion to cost 200 billion rupees in
2022/23
4.
India to bring out battery swapping policy
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