{"id":2600,"date":"2022-02-05T06:47:00","date_gmt":"2022-02-05T06:47:00","guid":{"rendered":""},"modified":"2025-11-06T23:55:15","modified_gmt":"2025-11-06T18:25:15","slug":"decoding-the-union-budget-an-introduction-to-what-is-in-store-this-year","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/decoding-the-union-budget-an-introduction-to-what-is-in-store-this-year\/","title":{"rendered":"Decoding the Union Budget \u2013 An Introduction to what is in store this year"},"content":{"rendered":"
<\/div>\n

India\u2019s Finance Minister Nirmala Sitharaman finally presented The Budget<\/a> on 1st<\/sup> February 2022.<\/p>\n\n\n\n

The multiple speculations, expectations, expert opinions on what the Budget should address are over.<\/p>\n\n\n\n

But wait, it is now time for a complete breakdown of the things left unsaid.<\/em><\/strong><\/p>\n\n\n\n

The rise of \u2018Amrit Kaal\u2019<\/strong><\/h2>\n\n\n\n

Creating a Budget that make everyone happy is difficult, so the FY2023 Budget did not try to pacify any specific section. It was a straight-up plan to aid growth and maintain the recovery momentum the country has been on since the second wave in 2020. The finance minister declared that India will grow at 9.27% during FY2023. <\/strong><\/p>\n\n\n\n

The Budget focused on four pillars of development -comprehensive development, augmented productivity, energy transition, and climate action. It presents the economic blueprint for India from its 75th<\/sup>-year to 100 years of Independence dubbed the Amrit Kaal.<\/strong><\/p>\n\n\n\n

The Budget forecasts effective capital expenditure of the Central government at Rs 10.68 lakh crore in 2022-23, amounting to 4.1 per cent of the GDP. The gross GST collections for January 2022 were the highest at 1,40,986 crores since its inception in 2017.<\/p>\n\n\n\n

Addressing the elephant in the room – digital assets<\/strong><\/h2>\n\n\n\n

In a major boost for digital currency and the economy, the finance minister said the RBI will issue \u2018digital rupee\u2019 using blockchain<\/a> 2022-23. What\u2019s more, the budget took cognizance of cryptocurrencies and virtual digital assets. The income from the transfer of virtual assets will be taxed at 30 percent.<\/p>\n\n\n\n

We are just skimming the cream off the top.<\/p>\n\n\n\n

But we\u2019ve decided to begin February with a deep dive into the budget and what it could mean for the country.<\/p>\n\n\n\n

Interestingly, did you know the finance minister\u2019s attire on budget day also makes a difference? <\/strong><\/h2>\n\n\n\n

Well, the late finance minister Arun Jaitley sported Nehru jackets while the current Nirmala Sitharaman is known for her love for local like her red-and-cream silk Pochampally with ikat print pallu.<\/p>\n\n\n\n

This year she walked in carrying a tablet to present the Budget. Those watching the live session felt it was the government\u2019s emphasis on digital is what prompted this change.<\/p>\n\n\n\n

Well, we hope you find it interesting like we do.<\/p>\n\n\n\n

In the meantime, subscribe to the 5 in 5 Wealth Creation Strategy and create wealth.<\/a><\/p>\n\n\n\n

Read more: \u00a0How Long-term investing helps create life-changing wealth \u2013 TOI<\/a>.\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

India\u2019s Finance Minister Nirmala Sitharaman finally presented The Budget on 1st February 2022. The multiple speculations, expectations, expert opinions on […]<\/p>\n","protected":false},"author":5,"featured_media":2601,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[11],"tags":[],"class_list":["post-2600","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"_links":{"self":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/2600","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/comments?post=2600"}],"version-history":[{"count":1,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/2600\/revisions"}],"predecessor-version":[{"id":59813,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/2600\/revisions\/59813"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/media\/2601"}],"wp:attachment":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/media?parent=2600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/categories?post=2600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/tags?post=2600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}