The top 20 announcements made by Finance Minister Nirmala Sitharaman in her Union Budget 2022 speech
The Rs 100 lakh-crore PM Gati Shakti Master Plan would oversee large private infrastructure investments. The PM Gati Shakti Master Plan for Expressways will be developed to help people and products move more quickly. To supplement public resources, the National Highway network would be enlarged by 25,000 kilometres and Rs 20,000 crore will be mobilised. During the following three years, around 400 new Vande Bharat trains with improved efficiency and 100 PM Gati Shakti Cargo terminals will be built. Starting in 2022-23, the RBI will issue digital rupees using blockchain and other technologies, providing a significant boost to the economy. Any revenue derived from the transfer of any virtual digital asset (cryptocurrencies and NFTs) is subject to a 30% tax rate. Except for the cost of purchase, no deduction in respect of any expenditure or allowance shall be allowed for computing such income. The announcement could imply that the government will not prohibit the use of cryptoc...