Budget 2022: Will the FM balance billion expectations?

Finance Minister Nirmala Sitharaman is all set to present the Union Budget 2022 on Tuesday, i.e February 1.

Editorji lists down the top 10 expectations from the budget 2022:

1. Tax relief measures for salaried employees who work from home owing to increased employment related-costs

2. A hike in deductions under 80c

3. Boost for affordable housing by changing the definition and tax rebates

4. Higher spending expected on healthcare, agriculture, logistics infrastructure, and education

5. Infrastructure and employment to be the main focus areas, followed by demand stimulation and welfare programmes

6. India is likely to set aside about Rs 3 lakh crore ($40 billion) on food and fertiliser subsidies

Also read/watch | Budget 2022: Economic Survey pegs this year GDP at 9.2% next year 8-8.5% GDP growth in FY23

7. An extension of the tax holiday for startups beyond March 2022

8. Beleaguered airline industry hopes for a tax cut on jetfuel

9. Policies for deepening of financial markets particularly bond markets likely to feature

10. Govt spending pegged at a record Rs 39.5 lakh crores

Also read/watch | Budget 2022: Govt makes case for higher spending, fiscal space in Eco Survey