Browsing: Budget 2022

The magnitude and frequency of these transactions have made it imperative to provide for a specific tax regime.  Accordingly, for the taxation of virtual digital assets, I propose to provide that any income from transfer of any virtual digital asset shall be taxed at the rate of 30 percent, FM Sitharaman said. 

Union Finance Minister Nirmala Sitharaman in her budget announcement said that all post offices will be linked with Core Banking Solution, enabling further financial inclusion. 

As part of the government’s overall market borrowings in 2022-23, sovereign green bonds will be issued for mobilising resources for green infrastructure,  Sitharaman said in her Budget speech. 

Union Finance Minister Nirmala Sitharaman in her budget announcement proposed to set up 75 digital banking units in 75 districts to increase the adoption of digital payments and digital banking services.