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Budget 2022: Boost for start-ups? Key highlights of Nirmala Sitharaman speech

According to Budget 2022, all eligible start-ups established before March 31, 2022, will be provided with a tax incentive for three consecutive years out of ten years from incorporation.

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Finance Minister Nirmala Sitharaman on Tuesday presented the Union Budget for the financial year 2022-23 in Lok Sabha. The FM stressed Aatmanirbhar Bharat and made new announcements for the star-ups across India.

According to Budget 2022, all eligible start-ups established before March 31, 2022, will be provided with a tax incentive for three consecutive years out of ten years from incorporation. Given the Covid-19 pandemic, Sitharaman also extended the period of incorporation of the eligible start-up by one more year for providing such tax incentives.

Start-ups will be promoted to facilitate Drone Shakti through varied applications and for a drone as a service, Sitharaman announced in her Budget speech.

Key highlights for start-ups in Nirmala Sitharaman speech

  • Eligible start-ups established before March 31, 2022, to be provided with a tax incentive for 3 years out of 10 years from incorporation.
  • Start-ups in India will be promoted to facilitate Drone Shakti for a drone as a service through varied applications.
  • Drone Shakti and Kisan Drones will be used for cop assessment, spraying insecticides and nutrients, digitisation of land records.
  • Budget 2022 also announced that a fund has been raised that will be facilitated through NABARD to finance start-ups in the agriculture sector.
  • Production Linked Incentive (PIL) Scheme which was launched to achieve Aatmanirbhar Bharat has received an excellent response. The Scheme created as many as 60 lakh new jobs and additional production of 30 lakh crore during the next Keycap digit five years.
  • For newly incorporated manufacturing companies, concessional corporate tax rate of 15 percent will be available for one more year till March 2024.

Read Also: Budget 2022: From PM Gati Shakti to LIC; Know the main highlights of this year’s Union Budget

Last year, the government had extended the eligibility for claiming tax holidays for start-ups and the capital gains exemption for investment in start-ups by a year to push funding. Nirmala Sitharaman had also announced Rs 1,500 crore to accelerate digital payments’ growth in the country.

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India News

Himanta Biswa Sarma attacks Congress after Assam win, says people made Pawan Khera eat Pera

Himanta Biswa Sarma targets Congress after BJP’s Assam win, saying voters made Pawan Khera eat pera.

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Assam Chief Minister Himanta Biswa Sarma launched a sharp attack on the Congress after the Bharatiya Janata Party (BJP)-led alliance secured a decisive victory in the 2026 Assam Assembly elections.

Reacting to the results, Sarma took a swipe at Congress leader Pawan Khera, saying that the people of Assam had made him “eat pera,” a remark aimed at highlighting the party’s defeat in the state.

The BJP-led National Democratic Alliance (NDA) registered a commanding win, marking its third consecutive term in Assam. The BJP itself won a significant number of seats, while its allies — the Asom Gana Parishad (AGP) and Bodoland People’s Front (BPF) — also contributed to the alliance’s strong tally.

The victory underlines the BJP’s continued dominance in the northeastern state, with Sarma emerging as the central figure in the party’s campaign and governance narrative.

Political observers note that the scale of the mandate reflects voter support for the party’s leadership and its governance approach, even as the opposition struggled to mount an effective challenge.

With this result, the BJP has further strengthened its position in Assam’s political landscape, while the Congress faces renewed questions over its performance in the state.

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Yogi Adityanath warns of strict action against forcible land occupation

Yogi Adityanath has warned of strict action against those forcibly occupying land, directing officials to ensure quick resolution of complaints.

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Yogi Adityanath has reiterated that strict action will be taken against anyone found forcibly occupying others’ land, underlining his government’s firm stance against illegal encroachment.

According to media reports, the Chief Minister issued the directive while addressing grievances, making it clear that such cases will not be tolerated and will be dealt with through strong legal measures. He instructed officials to ensure that victims receive timely relief and justice.

Adityanath emphasised that protecting citizens’ property rights remains a priority for the state government. He directed administrative and police authorities to act promptly in cases of land grabbing and ensure that illegal कब्ज़ा is removed without delay.

The Chief Minister has consistently maintained a tough position on land-related disputes. In recent interactions with the public, he has stressed the need for swift resolution of complaints and warned officials against negligence in handling such matters.

He also highlighted that strict legal action should be taken against those involved in unlawful occupation, ensuring accountability and deterrence against repeat offences.

The move is seen as part of the government’s broader push to strengthen law and order and curb the activities of land mafias in the state.

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Suvendu Adhikari after Bengal win, says Akhilesh Yadav is next

Suvendu Adhikari says Akhilesh Yadav is next after BJP’s Bengal win, shifts focus to Uttar Pradesh elections 2027.

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Following the Bharatiya Janata Party’s sweeping victory in the West Bengal Assembly elections 2026, senior leader Suvendu Adhikari made a strong political statement, indicating that the party’s next focus will be the Uttar Pradesh Assembly elections in 2027.

Riding on the momentum of the party’s performance in Bengal, Adhikari said that several opposition leaders have already lost political ground and added that Samajwadi Party chief Akhilesh Yadav would be “next” in line.

The BJP leader, who secured key victories in constituencies such as Bhabanipur and Nandigram, also claimed that the defeat of the ruling Trinamool Congress marked the beginning of a political decline for Chief Minister Mamata Banerjee. He asserted that her “political exile has started,” referring to her electoral losses in recent contests.

Adhikari further criticised the Trinamool Congress, comparing it with other opposition parties and alleging that it lacked ideology and was driven by family-based politics. He also suggested that several leaders and workers from the TMC could shift allegiance to the BJP in the coming period.

The BJP’s strong showing in West Bengal marks a major political shift in the state, where the party has managed to significantly expand its footprint. Political observers say the latest remarks underline the party’s intent to carry its electoral momentum into upcoming state elections, particularly in Uttar Pradesh, which is expected to be a key battleground in 2027.

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