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Tag: Union Budget 2022-23

FMCG: Why Rural Pockets Are Experiencing Sluggish Growth

Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Rural demand continues...

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Government Assigns Rs 62,057 Crore Into an SPV to House Air India’s Debt

According to the budget documents released yesterday, the government has allocated Rs 62,057 crore to a special purpose vehicle (SPV), Air India Asset Holding Ltd (AIAHL), to house the majority of Air India’s debt. The government has also assigned Rs […]

Union Budget 2022-23: Civil Aviation Ministry Gets Rs 10,667 Crore, E-Passport to Be Released This Year

The Union Budget 2022-23 has allocated Rs 10,667 crore for the civil aviation ministry, a considerable increase from last year. In 2021-22, the government allocated Rs 3,224 crore for the civil aviation ministry. But several factors contributed to higher expenses […]

India reveals to issue a digital rupee in its 2022 budget.

Presenting the Union Budget 2022-23, Finance Minister Nirmala Sitharaman said that the Reserve Bank of India (RBI) would introduce the digital rupee in 2022. “RBI to issue digital rupee using blockchain technology In FY22-23,” the finance minister said in the parliament. Sitharaman noted, “Digital currency will also lead to a more efficient and cheaper currency […]

Indian crypto sector expects some clear regulations for the industry in the upcoming budget.

One of the world’s fastest-growing crypto hubs has been in regulatory limbo for quite some time now, but many are hoping this will change in a week’s time. On February 1, India’s Finance Minister Nirmala Sitharaman will present the country’s budget, and some are hopeful that she’ll talk about digital asset regulations.   Crypto regulations […]

Indian Aviation Industry Is ‘Chronically Ill’, Says IndiGo CEO

IndiGo’s Chief Executive Officer Ronojoy Dutta calls the Indian airline industry ‘chronically ill’ and requests the central Government to implement some life-saving reliefs quickly. The COVID-19 pandemic crippled India’s domestic airlines. They witness a drop in passenger numbers and suffer […]

Indian Aviation Industry Expects Resolutions for Its Ongoing Crises in Union Budget 2022-23

After two years of the pandemic, India’s domestic air travel showed signs of recovery from November 2021. The recovery was soon cut short by the Omicron variant of the COVID-19 virus. Post pandemic, the government planned to reinstate regular international […]

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