Friday, 24 March, 2023

Budget 2022: Data center, energy storage given infrastructure status

<p>In Parliament, Finance Minister Nirmala Sitharaman presented the Union Budget for the fiscal year 2022-23. For FY22, India&#39;s economic growth is forecast to be 9.2%, the highest among all large economies. The corporate surcharge will be reduced from 12% to 7%. The data center and energy storage system will be given infrastructure status. For the 5G rollout in 2022-23, a spectrum auction will be held.</p>