Four Prioroties of Union Budget 2022

 

• PM GatiShakti
• Inclusive Development
• Productivity Enhancement & Investment, Sunrise opportunities, Energy Transition, and Climate Action
• Financing of investments

Special Mention Accounts - SMA

Special Mention Accounts are those assets/accounts that shows symptoms of bad asset quality in the first 90 days itself or before it being identified as NPA.

The classification of Special Mention Accounts (SMA) was introduced by the RBI in 2014, to identify those accounts that has the potential to become an NPA/Stressed Asset.  Logic of such a classification is because some accounts may turn NPA soon. Here, an early identification will help to tackle the problem better. There are four types of Special Mention Accounts – SMA-NF, SMA 0, SMA1 and SMA 2.
The Special Mention Accounts are usually categorized in terms of duration. For example, in the case of SMA -1, the overdue period is between 31 to 60 days. On the other hand, an overdue between 61 to 90 days will make an asset SMA -2.
But some ‘Special Mention’ assets are identified on the basis of other factors that reflect sickness/irregularities in the account (SMA -NF). 
In the case of SMA -NF, non-financial indications about stress of an asset is considered.

post credit: https://lms.indianeconomy.net/glossary/special-mention-accounts-sma/

Views on Indian Union Budget 2022

 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.