Finance Minister Nirmala Sitharaman on Tuesday presented the Union Budget 2022, the blueprint for 'amrit kal' of the next 25 years, in Parliament, ahead of elections in five states. Read more
Here is a list of jargons used by the Finance Minister in her Budget speech decoded for you:
'Amrit kaal':In the Union Budget 2022-2023 speech, Sitharaman said that the Budget for the next fiscal "will focus on amrit kaal". Last year, during the 75th Independence Day celebrations, PM Modi had unveiled a new roadmap for the country for the next 25 years, and termed it as 'amrit kaal'. This is a reference to deriving the best in every field, making it imperative for everyone to make 'prayas' for this. Read more
Finance Minister Nirmala Sitharaman, on Tuesday, presented her fourth Budget in Parliament. As proposed in Budget 2022-23, Sitharaman announced a host of changes in the customs duty that would affect the prices of essential commodities. Read more
Sitharaman said the Reserve Bank of India would introduce a digital currency or "digital rupee", based on blockchain technology, by the end of March 2023. Read more