New Delhi/Bhubaneswar: Finance Minister Nirmala Sitharaman today presented the Union Budget 2022 in the Parliament.
India’s economic growth in the current year is estimated to be 9.2 per cent, highest among all large economies, she said.
The Finance Minister informed that the Productivity Linked Incentive in 14 sectors for achieving the vision of Atma Nirbhar Bharat has received excellent response, with potential to create 60 lakh new jobs, and an additional production of Rs 30 lakh crore during next 5 years.
Dwelling on the issue of implementation of the new Public Sector Enterprise policy, she said the strategic transfer of ownership of Air India has been completed, the strategic partner for NINL (Neelachal Ispat Nigam Limited) has been selected, the public issue of the LIC is expected shortly and others too are in the process for 2022-23.
As per the announcement in the Budget Speech, the following items will become cheaper or costlier.
– Gemstones and diamonds
– Camera lens for cellular mobile phones
– Mobile phone chargers
– Frozen mussels
– Frozen squids
– Cocoa beans
– Methyl alcohol
– Acetic acid
– Chemicals needed for petroleum products
– Steel scrap
– Imitation Jewellery
– Single or multiple loudspeakers
– Headphones and earphones
– Smart meters
– Solar cells
– Solar modules
– X-ray machines
– Parts of electronic toys