Education Budget 2022: The Union Budget will be presented by Finance Minister Nirmala Sitharaman on February 1, 2022, entailing the detailed financial allocations, the introduction of policies, and several other development measures in various sectors. Read below to know what can be expected for the Education sector in the upcoming Union Budget and why the boost is a need of hour.
Union Budget: The Union Budget 2022 will be presented by the Union Finance Minister Nirmala Sitharaman on February 1, 2022, at 11 am. The Budget session will start on January 31 with the address of President Ram Nath Kovind to both the Houses of the Parliament and will be held in two parts.
India-UK Free Trade Agreement aims at creating huge benefits for both countries and can boost the total trade by up to euro 28 billion a year by 2035. It will also facilitate increasing the wages by up to euro 3 billion across the UK.
46th GST Council Meeting: The GST Council has decided to retain the status quo on GST rate on textile to 5% and not raise it to 12%, informed the finance minister while addressing the press conference after the conclusion of the meeting.
BRICS New Development Bank: Egypt has now become a fourth new member to be admitted to BRICS NDB. The multilateral bank was established by the five powerful economies- Brazil, Russia, India, China, and South Africa-to finance the sustainable development projects in the developing economies.
Employee pension claim: The pension payable to an employee upon retirement shall be determined based on the rule prevailing as on the date of retirement and not that which existed on the date of entering service.
‘The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021’ will be among the 26 new bills that will be introduced by the Government of India during the Parliament Winter Session. ‘Cryptocurrency Bill, 2021’ in India to ban all the private cryptocurrencies in the country.
Indian Oil, Bharat Petroleum Corporation Limited, and Hindustan Petroleum Corporation Limited have joined hands to launch Model Retail Outlets for enhancing the service standards and amenities across their networks which serve over 6 crore consumers every day.
A $300 million loan signed between India and ADB will improve primary healthcare in the urban areas of 13 states, benefitting over 256 billion urban dwellers including the 51 million from the slum areas.
The Crypto Bill 2021 is on agenda in the Winter Session of the Parliament beginning November 29. Centre all set to ban private cryptocurrencies in India and allow RBI digital coin. Also read why Cryptocurrency Bill, 2021 was not listed in earlier Monsoon and Budget sessions of Parliament.
135 districts out of these 266 coal-bearing districts in India will be affected severely due to phasing out of coal, noted the NFI’s report to assess the ‘Socio-economic impacts of coal transition in India’.