homevideos Newseconomy NewsBudget 2022: Government continued focus on macroeconomic stability, says NK Singh
Budget 2022: Government continued focus on macroeconomic stability, says NK Singh
A heavy capex allocation, conservative tax goals, no relief for the salaried middle class and a new crypto tax -- these are some of the key highlights of finance minister Nirmala Sitharaman's fourth budget. To decode union budget 2022, CNBC-TV18 spoke to NK Singh, Chairman of 15th Finance Commission.
A heavy capex allocation, conservative tax goals, no relief for the salaried middle class and a new crypto tax -- these are some of the key highlights of finance minister Nirmala Sitharaman's fourth budget.
In a move aimed at giving fresh impetus to the government's intent to bolster growth by investing in infrastructure, the finance minister proposed increasing the outlay for capital expenditure by a sharp 35 percent to Rs 7.5 lakh crore.
State governments will also have a role to play. To this end, she allocated Rs 1 lakh crore in capital expenditure assistance to states. This is a big jump from the Rs 15,000 crore earmarked for capex assistance in the previous financial year.
To decode union budget 2022, CNBC-TV18 spoke to NK Singh, Chairman of 15th Finance Commission.
Watch video to know more.
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First Published: Feb 1, 2022 10:28 PM IST
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