The wait of people sitting with eyes on Budget 2022 is over, while Finance Minister Nirmala Sitharaman made some people happy with the announcement of the budget, for some this year also the budget was disappointing. Let us tell you, where people got relief due to no change in income tax, while tax on income from crypto increased for the people. Talking about the auto industry at the moment, as much as we were expecting, Budget 2022 did not live up to the expectations.
Some people called the budget 2022 as a corporate budget and some said that there is nothing in this budget for the common man, amidst thousands of reactions, Anand Mahindra shared his reaction on social media. In which he tagged the Finance Minister and told that brevity has always been a virtue. @nsitharaman ‘The smallest budget address can prove to be the most effective… ie Anand Mahindra is calling it the smallest budget, and is saying that small can also prove to be effective.
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However, speaking in the direction of electric vehicles, the battery swapping policy was talked about in the budget. Along with this, emphasis will be given on the development of more and more charging stations. It is worth noting here that the shares of Indian battery maker Amara Raja Batteries and Exide Industries rose 2% after the budget announcement. Finance Minister Nirmala Sitharaman said that her budget for 2022/2023 will lay the foundation for economic growth through public investment.
Also read: Budget 2022: Big announcement for electric vehicles in the budget, range problem will be overcome due to charging station and battery swapping