One lakh crores as a 50-year interest-free loan to states

One lakh crores as a 50-year interest-free loan to states

Union Budget 2022 highlights

The Central Government shall provide Rs.one lakh crore as 50-year interest-free loans to states to boost economy. This loan is over and above normal borrowings of states.

To rectify the error, tax payers can file an updated IT return within two years from relevant assessment years.

Digital Rupee using blockchain to be introduced.

Additional allocation of Rs.19,500 crore for manufacturing high-efficiency solar and hydro projects.

Centre and State govt employees' tax deduction limit to be increased from 10% to 14%. This is will ensure social security benefits of state govt remain at par with the Central govt employees.

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