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FM Nirmala Sitharaman Presents The Union Budget 2022-23

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Updated as on Feb 01, 2022, 12:40 PM. Education Budget 2022: Digital University, Centres of Excellence for Urban Planning to be set up.

  • Agriculture University syllabus would be revised to accommodate the need of natural, zero-budget and organic farming and modern day agriculture
  • One Class One TV Channel To counter the loss of learning due to the pandemic, the PM eVidya Scheme to be expanded from 12 channels to 200 channels to facilitate supplementary learning for all classes 1 to 12 in regional languages
  • Digital University to be developed and launched with an aim to provide access to world class quality education to the students
  • Skilling programs will be reoriented. For skilling, upskilling & reskilling of our youth, Digital DESH e-portal will be launched

Union Budget 2022 Updates: The Union Budget is the annual report of India as a country. It contains the government of India’s revenue and expenditure for the end of a particular fiscal year, which runs from April 1 to March 31. The

 Union Budget is the most extensive account of the government’s finances, in which revenues from all sources and expenses of all activities undertaken are aggregated. It comprises the revenue budget and the capital budget. It also contains estimates for the next fiscal year. Keeping with recent tradition, Union Finance Minister Nirmala Sitharaman will announce Union Budget 2022 today, on February 1. This year will be her fourth Budget after 2019, 2020 and 2021. She had read out the Budget from a tablet last year in Parliament; and from a Bahi Kata in the preceding years.

The Union Budget was preceded by a virtual meeting of the Rajya Sabha floor leaders, chaired by Chairman of the House and Vice President M Venkaiah Naidu on January 31. President Ram Nath Kovind also addressed the joint sitting of two Houses on January 31, kick-starting the Budget session of the Parliament. Besides this, the Economic Survey 2022 was presented in both houses of Parliament on January 31. Rajya Sabha is likely to function from 10 am till 3 pm on working days while the Lok Sabha will function from 4 pm to 9pm. The first part of the budget session will begin on January 31 and will continue till February 11. The second part of the budget session will be held from March 14 to April 8.

Notably, this Parliament session is being held amid electioneering for Assembly Elections to five states — Goa, Manipur, Punjab, Uttarakhand and Uttar Pradesh. With voting scheduled later in the month, it is to be seen whether the 2022-23 Budget will focus more on populist measures.

What’s new with the Budget this year?

— Digital Budget: In 2021, for the first time, the Union Budget in India was read out from a tablet. In the customary photo before the presentation of the Budget in Parliament, Finance Minister Nirmala Sitharaman was seen carrying the device in a compact red case. This is expected to continue this year too.

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