As expected, India Union Budget, presented by Hon'ble finance minister Mrs. Nirmala Sitharaman, is in line with previous year budget. No big announcement for the year in question, rather a roadmap is given for long way to go. This has come to the expectation of many who have learnt from previous year budget and Government initiatives. The Capex has increase to more than 35% which is the need of the hour to be as developing economy. The "Amrit Kaal" term was coined by PM Narendra Modi on 15th August 2021 which is suitably justified in 2022 budget announcements. The common man taxpayer was expected a bit relief in term of Income Tax slabs, However, the same is not possible as country is reviving from COVID pandemic situation.
