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Union Budget 2022 is forward looking, inclusive and progressive: Dipen Agrawal

Dipen Agrawal, President, CAMIT

Dipen Agrawal, President, CAMIT

Dr Dipen Agarwal, President, CAMIT (Chamber of Association of Maharashtra Industry and Trade), on Tuesday hailed the Union Budget 2022 presented by Finance Minister Nirmala Sitharaman while calling it forward looking, inclusive and progressive.

Here are some of the points Agrawal highlighted about the Union Budget 2022:

– A forward looking budget with emphasis on trust based governance to build Atmanirbhar Bharat, which is both inclusive and progressive. It reposes faith in taxpayers, entrepreneurs and investors.

– Thrust on digitization of education and healthcare, as the global pandemic forced the closure of educational institutions which led to a huge loss of learning for students in rural areas particularly.

– The government’s decision to launch Digital DESH e-portal and setting up of Digital University to provide access to students for world-class quality education with ISTE standards and the decision to create an open platform for the National Digital Health Eco system and announcement of National Telemental Health Programme, which includes 23 National Telemental Health Centers with NIMHANS serving as nodal centre and IIIT Banglore providing technical support is welcome.

– The use of high technology Kisan Drone as well as battery swapping will result as E growth engines for both agri based and service based economies.

– The introduction of Central Digital currency using blockchain and other experimental technologies is forward looking.

– Budget 2022-2023 presented a high fiscal deficit of 6.4% of GDP for the financial year 2023 which is more than expected. It has finely balanced fiscal retreat with supporting economic recovery, focusing on strategy of driving capital expenditure to drive growth, with the intension of crowding in private investment through higher public spending. While elevated market borrowings are likely to pressurize bond yields, inclusion of green bonds in the borrowings plan is an interesting innovation.

– PLI scheme will help getting fresh investment of 30 lakh Cr. and new jobs of 60 lakhs is pretty ambitious.

– Design led manufacturing for 5G ecosystem as part of PLI Scheme and measures for setting up a strong 5G infrastructure is promising and has huge potential for growth in the telecom sector.

– Some prudent initiatives for MSMEs and Startups has been taken. The Tax concession period has been extended by one more year which is a positive move and 15% tax has been decided for such newly incorporated manufacturing units, The period of incorporation has been increased by one year to 31.03.2024. This shall boost entrepreneurship and manufacturing activities. Focus on ?ease of doing business is a great step, as it will further promote entrepreneurship in the economy.

– To strengthen the supply chain ecosystem creation of unified logistics platform and developments of 100 new cargo terminals in the next 3 years is a significant step. FM has reiterated her commitment towards housing for all by allocating 48k Cr towards this scheme same as last year. The Government could have done more to have given a boost to the housing sector given the strong multiplier effect the sector has on the economy.

– Government deciding to extend the ECGL scheme for hospitality sector with an increased cover of 50000/- taking the total to 5lakhs Cr. is appreciated as hospitality sector as compared to the Small & Medium Sector are yet to bounce back and recover from their losses and are struggling for survival.

– Spending Rs 2.37 lakh crore towards MSP for procurement of wheat and paddy is as per expectation.

– A fund with blended capital raised under co-investment model facilitated through NABARD to finance startups in agriculture & rural enterprises for farm produce value chain is a welcome step.

– Middle Class people are disappointed as Income Tax exemptions limit was expected to have increased to 5lakhs and above but it did not happen. Traders are disappointed as it was expected that FM would keep companies, Partnership and proprietorship firms in the same Tax Slabs.

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Thane Municipal Corporation adds 25 beds as COVID cases rise




Radhika Dhawad | Thane

Thane Municipal Corporation added 25 additional beds separately in the wake of rapidly rising COVID-19 cases.

Thane Municipal Corporation (TMC) added 25 additional beds in Chhatrapati Shivaji Maharaj Hospital Kalwa apart from arranging a special ward  dedicated to COVID-19 patients. The total number of active patients in the city stood at 252 while five succumbed to the virus.  Meanwhile, TMC Commissioner Abhijit Bangar said a ‘death audit’ of patients who died of COVID would be conducted. The TMC has ensured it has additional stock of oxygen concentrators, testing kits, medicines, to name a few. Bangar told HT, “Due to the increasing number of Covid patients, it is necessary for everyone to be alert.”

He added, The number of Covid tests should be increased to stay one step ahead of the disease. As a result, the number of patients is likely to increase due to increased testing. However, as per the ‘test, isolate, treat’ protocol for Covid, it becomes necessary to isolate and treat more and more patients. The testing centres will not remain closed even for a single day. At the same time, more arrangements for testing will be made immediately in public places, markets, railway stations, malls.” 

India recorded 3,095 new COVID cases and five deaths in last 24 hours.

Also read: Nagpur records 22 COVID cases in 24 hours

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After Rahul Gandhi’s disqualification, his namesake who contested from Wayanad disqualified




Radhika Dhawad | Wayanad
An independent candidate named Rahul Gandhi has been disqualified from contesting polls for failing to lodge account of election expenses.

Rahul Gandhi

An independent candidate for Lok Sabha elections named Rahul Gandhi was disqualified from contesting polls for failing to lodge account of election expenses. Gandhi, who’s name figures as ‘Rahul Gandhi K E S/o Valsamma’ in an Election Commission list of persons, had contested the 2019 Lok Sabha elections as an Independent and had received 2196 votes from the Wayanad seat in Kerala – a constituency from where ex-Congress MP Rahul Rajiv Gandhi had won with over seven lakh votes.

However, since it is mandatory for all contestants to submit their account of election expenses among other mandatory requirements under EC rules and the Representation of the People Act.

Rahul Gandhi K E S/o Valsamma stood disqualified to contest polls from September 13, 2021 till September 13, 2024. According to Section 10A, the Election Commission can disqualify a contestant for a period of three years from the date of the order if he/she has failed to lodge an account of election expenses within the time and in the manner required by law and has no good reason or justification for the failure.

Also read: ‘CBI under UPA govt. pressurised me to frame Modi,’ recalls Amit Shah

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Nagpur News

Nagpur records 22 COVID cases in 24 hours




Radhika Dhawad | Nagpur

A total of 22 patients tested positive for COVID-19 in Nagpur in past 24 hours on Thursday. Almost 242 people were tested in the city.

A total of 22 patients tested positive for COVID-19 in Nagpur in past 24 hours on Thursday. Almost 242 people were tested in the city, out of which 15 belonged to urban area while and 6 were from the rural areas, and one from outside Nagpur district. 

At present, there are 72 active patients in the city. Three new cases of the new XBB.1.16 variant of COVID-19 were detected that took the total tally to five in the district.  

India recorded 3,095 new COVID cases and five deaths in last 24 hours.

Also read: CELESTIAL! Unique alignment of Moon and 5 planets

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