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Legist Newsletter

Issue: July, 2023

For Private Circulation Only

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Welcome readers, to this year’s seventh issue of Legist.

 

The First day of July signifies the importance of Tax system in India. Being the GST day and CA day, it reminds us to give due recognition to the financial model as well as to the stakeholders involved into it.
In this backdrop, we have curated articles to have glimpse of Indian tax structure. As it has been six years post GST implementation, we have attempted to analyze the milestones into this journey of six years. Along with this, we have given due recognition to the Chartered Accountants who play a significant role as business partners through an article.
We hope the readers will enjoy the intellectual feast.
Have a happy reading!

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A Bird’s Eye View of Indian Tax System

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Assessing Five Years of Post GST Era

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Chartered Accountants as Partners in Business Management

Legist Newsletter

Issue: June, 2023

For Private Circulation Only

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Welcome readers, to this year’s sixth issue of Legist.

 

World Environment Day, celebrated annually on June 5th, is a global initiative by the United Nations to raise awareness and promote action on environmental issues. The day serves as a platform for individuals, communities, and governments worldwide to come together and address pressing environmental challenges, advocating for sustainable development and the protection of our planet.

This year the theme of World Environment Day is “Beat Plastic Pollution”. In adherence of this theme, we have curated articles focusing on diverse angle of the theme.
We hope the readers will enjoy the intellectual feast.


Have a happy reading!

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Legal Solutions to Plastic Pollution in India

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Contemporary Overview of UNEP

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OVERVIEW OF INDIAN LAWS DEALING WITH NUCLEAR ENERGY

Legist Newsletter

Issue: May, 2023

For Private Circulation Only

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Welcome readers, to this year’s fifth issue of Legist.

 

Since 1999, National Technology Day is celebrated in India on 11 th May. On this day, India joined the elite squad of nuclear armed nations. It is celebrated to honour people working in the field of technology and highlight their achievements. Legasis takes this opportunity to take an overview of the Indian Nuclear laws to aware the readers about the existence of these laws in India. In the second article, we have attempted to chart down the legal implications of the usage of ChatGPT which are the talk of the town in todays technological world. Along with this, the recent amendment to IT intermediary Rules bringing in the regulations for Online Gaming Industry are also analysed from critical perspective. Thus, to enlighten our readers, we have curated research articles encompassing manifold angles of technology and laws related to it.

We hope the readers will enjoy the intellectual feast.

Have a happy reading!

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ONLINE GAMING INDUSTRY IN INDIA- CURRENT LEGAL STATUS

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LEGAL IMPLICATIONS OF THE USAGE OF CHATGPT

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OVERVIEW OF INDIAN LAWS DEALING WITH NUCLEAR ENERGY

Legist Newsletter

Issue: April, 2023

For Private Circulation Only

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Welcome readers, to this year’s fourth issue of Legist.

 

National Maritime Day is celebrated on 5th April in India to commemorate the maiden journey of India’s first commercial vessel from Bombay to London. Maritime law is less discussed topic in the field of law. Thus, to enlighten our readers, we have curated research articles encompassing multiple angles of national and international maritime law.

We hope the readers will enjoy the intellectual feast.

 

Have a Happy Reading!

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ENTRANCING HISTORY of MARITIME LAW

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CONTEMPRARY ANALYSIS of INTERNATIONAL MARITIME LAWS

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INDIA AND MARITIME LAW- CURRENT STATUS

Legist Newsletter

Issue: March, 2023

For Private Circulation Only

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Welcome readers, to this year’s third issue of Legist.

 

World Consumer Rights Day 2023 will be celebrated globally on March 15. This year, the theme of the day is “Clean Energy Transitions”. The day is celebrated to increase consumer knowledge of their rights and demands in order to empower them to combat societal issues. Its aim is to raise global awareness about consumer rights and needs. Celebrating the day is a chance to demand that the rights of all consumers are respected and protected, and to protest against market abuses and social injustices which undermine those rights. 

In this backdrop, the current issue of Legist brings you the insights into legislative framework in India and the U.S.A. which protects and promotes the consumer rights. We hope these articles will enrich your knowledge about consumer rights.

 

Have a Happy Reading!

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NEED FOR LEMON LAW IN INDIA

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Impact of the Consumer Protection Act and Other Laws on Consumer Rights

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An overview of Secrecy Provisions issued by the Patent Office

Legist Newsletter

Issue: February, 2023

For Private Circulation Only

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Welcome readers, to this year’s Second issue of Legist.

Wetlands are areas where water covers the soil, or is present either at or near the surface of the soil all year or for varying periods of time during the year, including during the growing season. To protect this extinct species World Wetlands Day is celebrated annually on 2nd February and aims to raise global awareness about the vital role of wetlands for people and the planet. This day also marks the date of the adoption of the Convention on Wetlands on 2 February 1979, in the Iranian city of Ramsar.

The Legist welcomes you to have a holistic look at the international and national developments taking place to restore the ecosystem along with restoration of wetlands.

 

Happy Reading!

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Ecosystem Restoration: Need of the Hour

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Review of Ramsar Convention on Wetlands

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Role of Wetlands in Environmental Sustainability

Legist Newsletter

Issue: January, 2023

For Private Circulation Only

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Welcome readers, to this year’s First issue of Legist.

 

International Data Privacy Day is celebrated every year on 28th January to create awareness among the masses that they should protect their data from data breaches and adopt ways to secure data privacy. This awareness is important is todaybs information age. Data privacy is not the same thing as data security, although the two are intimately connected and intertwined. Data Privacy Day reminds us to treat personal information like money. It has value and we need to protect it as if our lives depended on it because sometimes they do. We will further get to know more about Data Privacy in this Articles.

 

Happy Reading!

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Data Privacy: Decoding the Myth

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An Analysis of the Indian Digital Data Protection Bill, 2022

Legist Newsletter

Issue: December, 2022

For Private Circulation Only

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Welcome readers, to this year’s Twelfth issue of Legist.

 

There are many problems in today’s world that are coming up as the greatest challenges. These challenges affect growth, development, and stability across the globe. But the pandemic of corruption is the most vicious among them. To control this on, 31st October 2003, the General Assembly adopted the United Nations Convention against corruption and designated 9th December as International Anti-Corruption Day, to raise awareness about corruption and of the role of the Convention in combating and preventing it.

The 2022 International Anti-Corruption Day (IACD) seeks to highlight the crucial link between anti-corruption and peace, security, and development. This is reflected by the theme of this year’s international day, “UNCAC at 20: Uniting the World Against Corruption”

On this occasion of International Anti-Corruption Day, we should come together and build the world a better place #UnitedAgainstCorruption.

We hope you find this issue of Legist built up around the theme #UnitedAgainstCorruption informative and enlightening.

 

Happy Reading!

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Recover with Integrity: An Anti-Corruption Outlook

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Anti-Corruption Efforts of India: A Contemporary Legal Overview

Legist Newsletter

Issue: November, 2022

For Private Circulation Only

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Welcome readers, to this year’s Eleventh issue of Legist.

 

The year 2015 was milestonic in Indian constitutional history as it had 125th birth anniversary of the Great Dr. B.R. Ambedkar. He played an instrumental role in shaping the Indian Constitution and drafting the constitutional values enshrined in it. His significant contributory efforts led to the adoption of Indian Constitution on 26th of November, 1949. In the light of this historical and contemporary realities, the Union ministry of social justice notified the decision of the Centre to celebrate November 26 as “Constitution Day” or “Samvidhan Diwas” to be celebrated each year from 2015 onwards to promote constitutional values among citizens.

To perpetuate this, we present to you an overview of the Importance of the Indian Constitution in day-to-day business and compliance activities by throwing light upon some unexplored relationship between the Indian Constitution and the business world.

We hope you find this issue of Legist informative and enlightening.

Happy Reading!

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The Constitution of India- A Grundnorm of Compliance

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Constitutional Provisions Regarding Trade, Commerce & Intercourse: A Contemporary Overview

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Fundamental Rights & Businesses in India: Overview of Contemporary Legal Dynamics

Legist Newsletter

Issue: October, 2022

For Private Circulation Only

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Welcome readers, to this year’s tenth issue of Legist.

 

The 24th of October is identified as World Development Information Day each year. UN General Assembly in 1972 established this day to direct people’s attention to developmental problems in various fields. The main aim of this day is to promulgate information and mobilize public opinion to create awareness of problems relating to development.

To commemorate this, we present to you an overview of the Development in Various sectors and its interaction with the legal industry.

We hope you find this issue of Legist informative and interesting.

Happy reading!

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Check on Information Power: Review of Media Laws in India

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Implications of India’s Data Protection Framework on Businesses

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Impact of Indian Intellectual Property Law Framework on Dissemination of Information

Legist Newsletter

Issue: September, 2022

For Private Circulation Only

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Welcome readers, to this year’s ninth issue of Legist. 25th of September is designated as World Pharmacist Day each year. Every pharmacist, pharmaceutical scientist, and other members of this profession are honoured on September 25 on World Pharmacists Day. There are four million people working in this field worldwide. Thus, World Pharmacists Day is not only a welcome occasion but also a significant day to recognise the contribution that these individuals make to enhancing global better health outcomes. Events and initiatives sponsored by various governmental and non-governmental groups honour the day. They all share the same global objective of raising public knowledge of pharmacies and their activities. To commemorate this, we present to you an overview of the pharmaceutical industry and its interaction with the legal industry. We hope you find this issue of Legist informative and interesting. Happy reading!

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The Indian Pharmaceutical Industry & IPR: An Analysis

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Evolution of Pharmaceutical Industry through Pandemic: An Analysis

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Pharmacy: The Future Prospect

Legist Newsletter

Issue: August, 2022

For Private Circulation Only

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Welcome readers, to this year’s eighth issue of Legist. The 10th of August is designated as World Biofuel Day each year. It is seen to increase understanding of the significance of using non-fossil fuels in place of traditional fossil fuels. There are many benefits to biofuels over polluting fossil fuels. Biofuels aid in encouraging a cleaner environment and lowering reliance on crude oil. It increases the revenue and employment in rural areas. In addition to supplying India’s rural areas with energy, this will also help to address the nation’s growing transportation needs. To commemorate this, we present to you an overview of the global biofuel market and a deep dive into the Indian policy on biofuels and a breakdown of  how their interplay affect our future and sustainable development. We hope you find this issue of Legist informative and interesting. Happy reading!

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Global Biofuel Markets – A Socio-Economic Overview of Policy

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Indian Policy on Biofuels (An Analytical Brief)

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Sustainable Development and Biofuels in India

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Biofuels in India – Future Prospects

Legist Newsletter

Issue: July, 2022

For Private Circulation Only

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Welcome readers, to this year’s seventh issue of Legist.
This July, in the relevance of the GST Day, we present to you the most ambitious and remarkable indirect tax reform in India’s post-Independence history and how it’s implementation, the government aimed to replace the multi-layered and complex indirect tax structure with a new, transparent, simple, and technology-driven tax regime.
The GST Day was first celebrated on July 1, 2018, to mark the first anniversary of the new tax regime. The taxation system was inducted to break the barriers in inter-state trade and commerce and integrate India into a single, common market. It is in line with the Make in India campaign and aims at achieving the goal of One Nation, One Tax, and One Market. The objective of implementing GST is to enhance the ease of doing business in the country and reduce transaction costs by eliminating the old form of taxes.
By improving efficiency, it can add substantially to growth as well as government finances. Implementing a new tax, encompassing both goods and services, by the Centre and the States in a large and complex federal system, is perhaps unprecedented in modern global tax history.
In our first article, we discuss in detail the evolution and historical background of GST in India in consonance with the Constitutional Framework of Indian Tax System. The second article traces the impact of GST on Indian Economy and how growth was affected by the Pandemic and the factor that will help improve the GDP of the nation.
We hope you find this issue of Legist informative and interesting.
Happy reading!

 

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The Evolution of GST in India

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The Impact of GST on the Indian Economy

Legist Newsletter

Issue: June, 2022

For Private Circulation Only

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 THE DEVELOPMENT OF ENVIRONMENTAL LAW IN INDIA

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Protection of Environment under the Indian Constitution

Legist Newsletter

Issue: May, 2022

For Private Circulation Only

May 2022-05

 

This May, in the relevance of the International Labour Day, we present to you the analysis of the development of International and Indian labor law on labor rights.  

International Labor Day celebrates laborers and encourages them to be aware of their right, labor unions and socialists come together to celebrate this day by conducting programs to improve working conditions and wages of the labor force.

In our first article, we discuss a detailed analysis of the development of International labour laws on labour rights. The article further discusses the International Labour Organization Constitution, as well as its several Conventions and Recommendations. The second article talks about the development of Indian laws on labour rights. It further analyses the historical development and the future of labour laws.

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 THE DEVELOPMENT OF INTERNATIONAL LAW ON LABOUR RIGHTS

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Legist Newsletter

Issue: April, 2022

For Private Circulation Only

March 22-05


Welcome readers, to this year’s fourth issue of Legist.

This April, in light of World Intellectual Property Day on 26th April, 2022, we would like to bring to you a novel analysis of the cybercrimes prevalent in IP Law and the newest way of dealing with it; Blockchain Technology. In our first article, we have brought to you a detailed analysis of the application of blockchain in the field of IPR and the ways in which it can be utilized to make IP registration, tracking and evidence more straightforward and efficient and consequently, prevent cybercrimes like trademark violations and copyright infringements as well as real life developments in this field  In our second article, we discuss the major leap that cybercrimes have taken in the field of IPR and evaluate the issues faced while dealing with such cybercrimes and the scope of Indian regulations to tackle such issues.

We hope you find this issue of Legist informative and interesting.

Happy reading!

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April 2022-02

Legist Newsletter

Issue: March, 2022

For Private Circulation Only

March 22-05


Welcome readers, to this year’s third issue of Legist.

 

This March, we would like to abreast you with the new draft regulations issued by the European Union aimed specifically at the use and development of Artificial Intelligence. In our first article, we have brought to you a detailed analysis of the new AI regulations, from the perspective of their scope, necessity and enforcement. Special emphasis has been made on comparing the new regulations with the Silicon Valley Standards. In our second article, we venture out to discuss the impact that these regulations might have over the world of AI and what all prohibitions are put in place to deal with the risks involved in their implementation. The objective being to analyse the transboundary influence it’ll have over AI laws globally.

 

We hope you find this issue of Legist informative and interesting.

Happy reading!

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Even though the EU regulation is not yet in force, it provides a clear insight into the future of AI regulation as a whole, the time to begin understanding its implications and take steps to prepare for them as well as for the regulations are sure to follow. In this article by Vrinda Talwar and Krishna Garg we intend to provide an understanding of all the risks involved while dealing with such a new and complex field of law, along with the influence that these regulations will hold in the global sphere as we move forward in the development of AI laws.

Read More

Legist Newsletter

Issue: February, 2022

For Private Circulation Only

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Welcome readers, to this year’s second issue of Legist.

 

This February, we would like to abreast you with the developments that have taken place in the anti-corruption framework. In our first article, we have brought to you a detailed analysis of the anti-corruption legislations that are in force in India. Special emphasis has been placed on elaborating the 2018 amendment to the Prevention of Corruption Act. In our second article, we venture out to compare the anti-corruption laws prevalent in different countries and compare the same with the ones enforced in India. The objective being to get a bird’s eye view of what all areas may require better policy formulation in Indian laws.

 

We hope you find this issue of Legist informative and interesting.

Happy reading!

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The legislative regime in India for prevention and penalization of corruption is stringent. With multiple statutes in place to prevent corruption among public officials as well as private bodies including companies. Currently, India’s anticorruption laws lack extraterritorial jurisdiction over cases of illicit gratification and payments made to foreign officials or employees employed by public international organizations. The aim of this article is to make a comparative analysis of international trends and legislations pertaining to prevention of corruption with the Indian regime, as a key step towards better policy formulation.

Read More

 

 


 


Union Budget 2022-23 

Custom reforms

The Finance Minister has proposed the following reforms on Custom reforms during her budget speech for the financial year 2021-22.

  • Concessional customs duty on capital goods to be phased out, initial rate of 7.5% to be imposed
  • More than 350 exemptions on some agri products, chemicals, drugs, etc to be phased out 
  • Custom Duty imitation jewellery raised to discourage their Imports.
  • Custom Duty on methanol to be reduced.
  • Duty concessions on parts of phone chargers, transformers, etc to enable domestic manufacturing.
  • Custom on diamonds reduced to 5%.
  • Custom duty exemption on steel scrap is being extended by a year to help MSMEs.
  • Duty concessions being given to promote electronics manufacturing, wearables and hearables devices included. Duty concessions to [parts of mobile phones including camera module etc.

 


 

Indirect Tax

The Finance Minister has proposed the following reforms on Indirect Tax in her budget speech for the financial year 2021-22.

  • Both Centre and States govt employees’ tax deduction limit to be increased from 10% to 14% to help the social security benefits of state govt employees and bring them at par with the Central govt employees.
  • Corporate surcharge to be reduced from 12% to 7%.
  • The gross GST collections for the month of January 2022 are Rs 1,40,986 crores which is the highest since the inception of GST.
  • GST has been a landmark reform. GST revenues are buoyant despite the Covid-19 pandemic
  • Recipient to be taxed in case of gift of virtual digital assets.
  • Existing tax benefits for startups, which were offered redemption of taxes for 3 consecutive years, to be extended by 1 more year.
  • Long term capital gains on listed equity share units subject to maximum surcharge at 15%. propose to cap transfer of long term capital gains at 15%.

 


 

Direct Tax

The Finance Minister has proposed the following  reforms during her budget speech for the financial year 2022-23 :

  • Fiscal Deficit target set at 6.4% for FY23.
  • FY23 total expenditure seen at Rs 39.45 lakh crore.
  • Total Receipts other than borrowing seen at Rs 22.84 lakh crore.
  • Rs 1 lakh crores allocated to States for catalysing overall investments in the economy. 
  • A new provision to allow Taxpayers to file an Updated Return. Updated Return can be filed within 2 Years from the end of the relevant assessment year.
  • Alternate minimum tax to be reduced and brings up-to 15% for Cooperative Societies.
  • The Finance Minister propose to increase tax deduction limit to 14% on employers contribution to NPS account of state govt employees.
  • Proposal will reduce surcharge on Cooperative Societies to 7%, for those whose income is between Rs 1 crores and Rs 10 crores.
  • Tax incentives for startups to be incorporated until March 31, 2023.
  • Income from transfer of Digital Assets to be taxed at 30%.
  • Recipient to be taxed in case of Gift of Virtual Digital asset.
  • A TDS of 1% will be levied for transactions above a certain threshold.
  • Gift of cryptocurrencies to be taxed at the receiver’s end.
  • Long term capital gains on listed equity share units subject to maximum surcharge at 15%. propose to cap transfer of long term capital gains at 15%.
  • Both Centre and States govt employees’ tax deduction limit to be increased from 10% to 14% to help the social security benefits of state govt employees and bring them at par with the Central govt employees.
  • Corporate surcharge to be reduced from 12% to 7%.

 


 

Startups regime

The Finance Minister has proposed the following reforms on Startup regime during her budget speech for the financial year 2021-22.

  • Tax incentive for Startups to be incorporated in March 31, 2023.
  • One comprehensive tax code for all Startups and Funds.
  • Domestic Institutional Funds on Startups

 


 

Small Business Enterprise & Business Entities

The Finance Minister has proposed the following  reforms during her budget speech for the financial year 2022-23 :

  • SEZ act to go, new law to allow states to partner to enhance export performance.
  • The Animation, Visual Effects, Gaming, and Comics Industries have enormous potential for youth employment. An AVGC promotion task force will be formed with all stakeholders to recommend ways to achieve this and build domestic capacity to serve our markets and global demand.
  • Credit Guarantee Trust for Micro and Small Enterprises (CGTMSE) to be revamped with required fund infusion
  • Additional credit of Rs. 2 lakh crore will be made available to Micro and Small Enterprises, expanding job opportunities.
  • DYAM, e-SHRAM, National Career Service (NCS), ASEEM portals to be interlinked.
  • Will now work with live organic databases for G2C, B2C, and B2B credit facilitation and recruitment. To formalise the economy and create jobs

 


 

Digital Currency

The Finance Minister has proposed the following  reforms during her budget speech for the financial year 2022-23 :

  • Digital Rupee, using blockchain, to be launched by RBI in 2023
  • Digital Currency will also lead to a more efficient and cheaper currency management system. It is therefore proposed to introduce digital rupee using blockchain and other technology to be issued by the Reserve Bank of India starting, 2022 and 2023
  • A completely paperless end-to-end online e-bill system will be launched for use by all Central Ministries in their procurements to increase transparency and reduce payment delays.

 


 

Finance 

The Finance Minister has proposed the following  reforms during her budget speech for the financial year 2022-23 :

  • India to launch sovereign green bonds.
  • Funds will be used for projects that will help reduce carbon intensity of the economy.
  • Sovereign green bonds will be part of government’s borrowing programme in FY23.
  • Proceeds to be deployed in public sector projects.

 


 

The Finance Minister has proposed the following  reforms during her budget speech for the financial year 2022-23 –

  • Animation, gaming task force to be set up.
  • Animation, visual effects, gaming and comics sector offers immense potential to employ youth. 
  • An AVGC promotion task force with all stakeholders will be set up to recommend ways to realize this and build domestic capacity for serving our markets and the global demand.

 


 

Unified Logistics Interface Platform

The Finance Minister has proposed the following reforms on Unified Logistics Interface Platform during her budget speech for the financial year 2021-22.

  • Data exchange among all-mode operators to be brought on Unified Logistics Interface Platform
  • Enable efficient movement of goods.
  • Reduce logistics costs and time
  • Assist Just-In-Time inventory management
  • Eliminate tedious documentation

 


 

PM AWAS YOJANA

The Finance Minister has proposed the following reforms on PM AWAS YOJANA during her budget speech for the financial year 2021-22.

  • Rs 48, 000 crore is allotted for PM Awas Yojana.
  • In 2022-23, 80 lakh houses will be completed for identified beneficiaries of PM Awas Yojana; 
  • 60,000 houses will be identified as beneficiaries for PM Awas Yojana in rural & urban areas.
  • 60,000 crore allocated for providing access to tap water to 3.8 crore households
  • In 2022-23, 80 lakh households will be identified for the affordable housing scheme

 


 

Defence 

The Finance Minister has proposed the following  reforms during her budget speech for the financial year 2022-23 :

  • Defense R&D will be opened up for industry, startups and academia with 25% of defense R&D budget.
  • Private industry will be encouraged to take up the design and development of military platforms and equipment in collaboration with DRDO and other organizations through SPV model.
  • 68% of capital procurement budget in defence will be earmarked for domestic industry in 2022-23 (up from the 58% last fiscal)

 


 

The Finance Minister has proposed the following  reforms during her budget speech for the financial year 2022-23 :

  • Battery Swapping Policy will be brought out & inter operational service will be formulated.
  • 6,000 crore rupees programme to rate MSMEs to be rolled out over 5 years. 
  • 400 new generation Vande Bharat trains with better energy efficiency & passenger riding experience will be manufactured during the next 3 years. 
  • 100 PM Gati Shakti Cargo terminals to be developed during the next 3 years.

 


 

The Finance Minister has proposed the following  reforms during her budget speech for the financial year 2022-23 :

  • Amendments for the Bankruptcy Code: – 
  • IBC amendments to enhance efficiency of resolution process
  • Facilitate cross-border insolvency resolution
  • To speed up voluntary winding up of companies

 


 

Social, Health & Wellness Development

The Finance Minister has proposed the following  reforms during her budget speech for the financial year 2022-23 :

  • The Government has completely revamped the Ministry of Women and Child Development schemes such as Mission Shakti, Mission Vatsalya, Saksham Anganwadi, and Poshan 2.0.
  • An open platform for the National Digital Health Ecosystem will be rolled out. It will consist of digital registries of health providers and health facilities, unique health identity and universal access to health facilities
  • Government is committed to improve the living standards in the Aspirational Districts. 
  • Contracts for Multi-Modal Parks at 4 locations to be awarded next Fiscal.
  • A High-Level Committee of Urban Planners and Economists will be formed to make recommendations on building urban capacity, planning implementation, and governance.

 


 

The Finance Minister has proposed the following  reforms in her budget speech for the financial year 2022-23 :

  • Budget2022-2023 for AMRIT KAAL: From India @ 75 till India @ 100.
    Four priorities for Amrit kaal –
    1) PM gatishakti
    2) Inclusive dev
    3) Productivity in Sunrise sector
    4) Energy Transition and Climate Action
  • Private sector will be encouraged to create sustainable and innovative business models for battery and energy as a service, improving the efficiency in the EV ecosystem
  • ‘One Nation, One Registration’ will be established for anywhere registration to facilitate ease of living & doing business.
  • Battery Swapping Policy will be brought out & inter operational service will be formulated.

 


 

The Finance Minister has proposed the following reforms during her budget speech for the financial year 2022-23 –

  • Rs 48,000 crore is allotted for PM Awas Yojana.
  • In 2022-23, 80 lakhs houses will be completed for identified beneficiaries of PM Awas Yojana;
  • 60,000 houses will be identified as beneficiaries for PM Awas Yojana in rural & urban areas.
  • Rs. 60,000 crore allocated for providing access to tap water to 3.8 crore Households.
  • In 2022-23, 80 lakhs Households will be identified for the Affordable Housing Scheme.
  • A high-level committee for Urban Planners and Economists to be formed for recommendations on urban capacity building, planning implementation, and governance.

 


 

Telecom

The Finance Minister has proposed the following  reforms during her budget speech for the financial year 2022-23 :

  • Sitharaman said that required spectrum auction will be conducted in 2022 for the rollout of 5G mobile services by Private Telecom Providers.
  • Scheme for design led manufacturing to be launched for 5G ecosystem as part of PLI scheme to enable affordable broadband and mobile communication in rural and remote areas.

 


 

The Finance Minister has proposed the following  reforms during her budget speech for the financial year 2022-23 –

For the Education Sector: 

  • States will be encouraged to revise syllabi of Agricultural Universities to meet needs of natural, zero-budget & organic farming, Modern-Day Agriculture
  • One class, one TV channel’ program of PM eVIDYA will be expanded from 12 to 200 TV channels.
  • This will enable all states to provide supplementary education in regional languages for classes 1 to 12.

 


 

Civil Aviation

The Finance Minister has proposed the following  reforms during her budget speech for the financial year 2022-23 :

  • Startups will be facilitated to use Drone Shakti. 
  • Strategic transfer of Air India ownership has been completed.
  • Strategic buyers for NINL have been selected.
  • Embedded chip e-passport will issued
  • ePassports will be rolled out in 2022-23 for convenience in overseas travel

 


 

The Finance Minister has proposed the following reforms on Digital Push during her budget speech for the financial year 2021-22.

· Digital ecosystem for skilling and livelihood will be launched.

· This will aims to skill, reskill, upskill citizens through online training.

· API based skill credentials, payment layers to find relevant jobs and opportunities

· An open platform for the national digital health ecosystem will be rolled out.

 


 

Small Enterprise 

The Finance Minister has proposed the following  reforms during her budget speech for the financial year 2022-23 :

  • MSMEs such as Udyam, e-shram, NCS & Aseem portals will be inter-linked, their scope will be widened.
  • They will now perform as portals with live organic databases providing G-C, B-C & B-B services such as credit facilitation, enhancing entrepreneurial opportunities.
  • 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

 


 

The Finance Minister has proposed the following  reforms during her budget speech for the financial year 2022-23 :

  • For mental health counselling, a National Tele Mental Health Program will be launched. 
  • For women-led development, the government has launched:
    1. Mission Shaki
    2. Mission Vatsalya
    3. Poshan 2.0 
  • Contracts for implementation of Multimodal Logistics Parks at 4 locations to be awarded in 2022-23, in PPP Mode.
  • PM development initiatives for the North East will be implemented for the North Eastern Council. 
  • This will enable livelihood activities for youth and women. This scheme is not a substitute for the existing Centre or State schemes.

 


 

Infrastructure Development

The Finance Minister has proposed the following  reforms during her budget speech for the financial year 2022-23 :

  1. FM Nirmala Sitharaman announces :
  • 400 new #VandeBharat trains to be introduced
  • One Station, One Product concept will be popularized.
  • ECLGS extended till March 2023′
  • Use of Kisan Drones for crop assessment
  1. The main 7 focusing areas under budget :
  • PM Gati Shakti
  • Inclusive Development
  • Productivity Enhancement
  • Sunrise Opportunities
  • Energy Transition
  • Climate Action
  • Financing of investments
  1. Skilling programs will be reoriented. For skilling, upskilling & reskilling of our youth, Digital DESH e-portal will be launched

 


 

Agriculture

The Finance Minister has proposed the following  reforms during her budget speech for the financial year 2022-23 :

  • Ms. Nirmala Sitharaman announces creation of 60 lakh jobs; world class infrastructure, expansion of highways by 25,000 kms & ‘Gati Shakti’ Master Plan among top priorities.
  • Budget2022 lays parallel track of futuristic and inclusive blueprint for Amrit Kaal. Big public investment for modern infra readying for India at 100, guided by PM Gati Shakti
  • Use of Kisan Drones for crop assessments, land records, spraying of insecticides is expected to drive a wave of technology in Agri & farming sector.
  • For farmers to adopt to natural farming, comprehensive package for participation of State governments & MSMEs to be introduced.
  • Rs 2.37 lakh crores will be directly paid as MSP value to the accounts of farmers for crop procurement in 2021-22, says FM #NirmalaSitharaman.
  • The implementation of the Ken-Betwa link worth ₹44,605 crore will be taken up at providing irrigation of over 9 lakh hectares of farmers land providing irrigation, farming & livelihood facilities to farmers & local population.

 


 

The Finance Minister has proposed the following  reforms during her budget speech for the financial year 2022-23 :

  • Hospitality services by the small & medium sector are yet to bounce back, therefore, the government has decided to extend the ECGL service for this sector by March 2023 with an increased cover of ₹50,000.
  • Skilling programs will be reoriented. For skilling, upskilling & reskilling of our youth, Digital DESH e-portal will be launched.

 


 

The Finance Minister has proposed the following  reforms during her budget speech for the financial year 2022-23 :

  • The National Highway network will be expanded by 25,000 km in 2022-23. 
  • Strengthening of health infra, speedy vaccination programme implementation and nationwide resilient response to current wave of COVID19 pandemic are evident to all.
  • One Product will be popularised to help local businesses and supply chains
  • National Bank for Infrastructure Development, National Asset Reconstruction Company have commenced activities.
  • Big public investment for modern infra readying for India at 100, guided by PM Gati Shakti.

 


 

-world class infrastructure, expansion of highways by 25,000 kms & ‘Gati Shakti’ Master Plan among top priorities.

 


 

The Finance Minister has proposed the following  reforms during her budget speech for the financial year 2022-23 :

  • Production Linked Incentive (PLI) Scheme for achieving #AatmaNirbharBharat has received excellent response, with potential to create 60 lakhs new jobs.
  • Implementation of new Public Sector Enterprise (PSE) Policy.
  • Strategic Partner for Neelanchal Ispat Nigam has been selected.

 


 

The Finance Minister has proposed the following  reforms during her budget speech for the financial year 2022-23 :

  • This budget seeks to lay the foundation and steer the economy in the next 25 years. From India at 75 to India at 100: The Finance Minister
  • Modi govt has focused on empowerment of citizens since 2014.
  • The Finance Minister, says India is now in a strong position to withstand challenges.
  • India’s growth estimated to be at 9.2%, highest among all large economies: The Finance Minister
  • The Finance Minister, begins her budget speech by expressing empathy to those who suffered during the pandemic.

 

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