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Budget 2022 Highlights : PDF Download, Key Takeaways, Important Points

Updated on :  

08 min read.

The Budget 2022 focused on ‘digital and technology’ and sectors like infrastructure, health, education and provision of e-services to the masses. This Union Budget laid a foundation and blueprint of the economy over ‘Amrit Kal’ of the next 25 years – from India at 75 to India at 100. 

India posted a 9.2% GDP growth, the highest among all economies. We are amid the Omicron wave, the speed of our vaccination campaign has helped dramatically. The FM stated that ‘Sabka Prayaas’ will continue with strong growth. Budget 2022 has provided a sharp increase in public investment and capital expenditure provision. Strategic transfer of ownership of Air India has been completed.

Budget 2022 Highlights

 

Digital banking

  • An online bill system will be launched to reduce the delay in payment. All central ministries will use it.
  • Credit growth increased by Rs 5.4 lakh crore this year, the highest in many years.

 

Internet connectivity

  • 5G spectrum auction in 2022-23.
  • Bharatnet project contracts for optical fibre networks will be handed out under the PPP model.
  • All villages should have the same access to digital resources as urban areas.

 

Defence

  • 68% of the capital procurement budget in defence will be earmarked for the domestic industry in 2022-23.

 

e-Passport

  • Issuance of e-passports with futuristic tech to be introduced in 2022-23.
  • The finance minister has said India would start issuing e-passports in 2022-23. When first announced in 2019, these were some of the features proposed:
      • These e-passports will take a few seconds to read.
      • The prototype was tested in a US government identified laboratory.
      • They are expected to have thicker front and back covers.
      • The back cover is expected to have a small silicon chip.
      • The chip will have 64 kilobytes of memory space.
      • Holder’s photograph and fingerprints will be stored in the chip.
      • Will have the capacity to store 30 visits.
  • States to be supported for urban capacity building.

 

Healthcare

  • An open platform for the National Digital Health Ecosystem will be rolled out. It will consist of digital registries of health providers and facilities, unique health identity and universal access to health facilities.
  • Pandemic has brought to the fore the issue of mental health. A national tele mental health programme will be launched.

 

Infra, Roadways, Railways, Waterways and Logistics

  • New rail products in the form of ‘One Station – One Product’, 400 next-gen Vande Bharat trains, and 100 PM Gati Shakti cargo terminals over the next three years provides integration of NIP with Gati Shakti and is likely to prove crucial in employment generation as the transport network is rich in terms of backward and forward linkages with the rest of the economy.
  • Draft DPRs for five river links have been finalised.
  • 400 Vande Bharat trains with higher efficiency for passengers will be developed in the next three years.
  • The Budget focuses on public investment to modernise infrastructure over the medium term, leveraging the tech platform of Gati Shakti via a multi-modal approach.
  • Four multi-modal national parks contracts will be awarded in FY23.
  • PM Gatishakti master plan for expressways will be formulated in the next financial year.
  • The scope of PM Gatishakti master plan will encompass the seven engines of economic transformation.

 

Housing and basic amenities

  • In 2022-23, 80 lakh households will be identified for the affordable household scheme.
  • 60,000 crore allocated for providing access to tap water to 3.8 crore households.
  • The value of the increase in infra spend is unclear through PM Gati Shakti plan, unlike the clear 34.5% increase last year to Rs 5.5 lakh crore.
  • Ken-Betwa link at Rs 44,605 crore to be taken up to provide irrigation to 9.05 lakh hectares, 65 lakh people drinking water, hydro and solar power.

 

Employment

  • Production Linked Incentive (PLI) Scheme for achieving Aatmanirbhar Bharat has received an excellent response, potentially creating 60 lakh new jobs and additional production of 30 lakh crore during the next Keycap digit five years.
  • PLI schemes across 14 sectors have achieved a tremendous response and created 60 lakh job opportunities.
  •  

 

Budget 2022 PDFs

 

TopicDownload
Budget at a GlancePDF
Budget SpeechPDF
Deficit StatisticsPDF
Transfer of Resources to States and Union Territories with LegislaturePDF
Budget ProfilePDF
ReceiptsPDF
ExpenditurePDF
Outlay on Major SchemesPDF
Statement I – Consolidated Fund of IndiaDownload
Revenue Account – ReceiptsPDF
Revenue Account – DisbursementsPDF
Capital Account – ReceiptsPDF
Capital Account – DisbursementsPDF
Statement IA – Disbursements ‘Charged’ on the Consolidated Fund of IndiaPDF
Statement II – Contingency Fund of India – NetPDF
Statement III – Public Account of IndiaDownload
ReceiptsPDF
DisbursementsPDF
Receipts & Expenditure of Union Territories without LegislaturePDF
Finance BillPDF
Budget Highlights (Key Features)PDF
MemorandumPDF
Receipt BudgetDownload
Introductory NotePDF
PART-A RECEIPTSDownload
Abstract of ReceiptsPDF
Summary of Estimates of Tax, Non-Tax Revenue and Capital ReceiptsDownload
I. Tax RevenuePDF
II. Non-Tax RevenuePDF
III. Capital ReceiptsPDF
AnnexuresDownload
1. Trends in ReceiptsPDF
2. Analysis of Tax and Non-Tax Revenue Receipts included in Annexure 1PDF
3. Reconciliation between estimates of Receipts shown in Annual Financial Statement and Receipts BudgetPDF
4. Statement showing State-wise Distribution of Net Proceeds of Union Taxes and Duties for BE 2020-2021PDF
4A. Statement showing State-wise Distribution of Net Proceeds of Union Taxes and Duties for RE 2019-2020PDF
4B. Statement showing State-wise Distribution of Net Proceeds of Union Taxes and Duties for Actual 2018-2019PDF
5. Tax Revenues raised but not realised (Principal Taxes)PDF
6. Arrears of Non-Tax RevenuePDF
7. Revenue impact of Tax Incentive under the Central Tax System: Financial Years 2018-19 and 2019-20PDF
8. Sources and Application of National Small Savings Fund as on 31st March, 2020PDF
PART-B ASSET AND LIABILITY STATEMENTSDownload
1. Debt position of the Government of IndiaPDF
Expenditure Budget/ProfileDownload
Expenditure ProfileLink
Expenditure BudgetLink
Demands for Grants of Central GovernmentLink
Customs NotificationsDownload
Explanatory NotesPDF
D.O. Letter from JS(TRU-I)PDF
The Macro Economic Framework StatementPDF
Medium Term Fiscal Policy cum Fiscal Policy Strategy StatementPDF
Output Outcome Framework for Schemes 2020-2021PDF

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