Budget 2022: PM Narendra Modi speech HIGHLIGHTS on self-reliant economy; from tax benefits for startups, focus on farming to GDP growth

Budget 2022: Union Minister Nirmala Sitharaman presented the Union Budget 2022-23 on Tuesday, February 1, 2022. Prime Minister Narendra Modi termed the budget as 'progressive' and 'people-friendly'.

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PM Modi is set to address the Budget and self-reliant India today. The interested individuals can watch the address live on:

While expressing his happiness on the budget, PM Modi said, 'I congratulate Finance Minister Nirmala ji and her entire team for this People Friendly and Progressive Budget'.

"This budget has brought new confidence of development, in the midst of a terrible disaster of 100 years. This budget, along with strengthening the economy, will create many new opportunities for the common man," the PM added.

See LIVE updates here: 

12.24 PM: Fundamentals of economy are strong, we are moving in right direction at faster pace, says PM

Fundamentals of economy are strong, we are moving in right direction at faster pace, says PM

— Press Trust of India (@PTI_News) February 2, 2022

12.21 PM: Government has scrapped 25,000 compliances & repealed 1,500 redundant laws: PM

Government has scrapped 25,000 compliances & repealed 1,500 redundant laws: PM

— Press Trust of India (@PTI_News) February 2, 2022

12.15 PM: Many things were said about MSP, but farmers are expected to get more than Rs 1.5 lakh crore as MSP for paddy this season:PM

Many things were said about MSP, but farmers are expected to get more than Rs 1.5 lakh crore as MSP for paddy this season:PM

— Press Trust of India (@PTI_News) February 2, 2022

12.10 PM: Tax benefits for startups in budget will motivate youngsters to innovate: PM Modi

Tax benefits for startups in budget will motivate youngsters to innovate: PM Modi

— Press Trust of India (@PTI_News) February 2, 2022

12.08 PM: Digital Rupee will open up new opportunities for Fintech sector: PM Modi

Digital Rupee will open up new opportunities for Fintech sector: PM Modi

— Press Trust of India (@PTI_News) February 2, 2022

12.07 PM: Very soon every village will have optical fibre connectivity; 5G tech will usher in new era: PM Modi

Very soon every village will have optical fibre connectivity; 5G tech will usher in new era: PM Modi

— Press Trust of India (@PTI_News) February 2, 2022

12.05 PM: Budget has given importance to sports, budget for it has increased three times over the years; will benefit youth: PM

Budget has given importance to sports, budget for it has increased three times over the years; will benefit youth: PM

— Press Trust of India (@PTI_News) February 2, 2022

11.52 AM: Migration from border villages not good for national security; budget has provisions to develop 'vibrant villages' on border: PM

Migration from border villages not good for national security; budget has provisions to develop 'vibrant villages' on border: PM

— Press Trust of India (@PTI_News) February 2, 2022

11.50 AM: Budget has envisioned 2,500-km long natural farming corridor along banks of River Ganga, will also help Clean Ganga mission: PM Modi

Budget has envisioned 2,500-km long natural farming corridor along banks of River Ganga, will also help Clean Ganga mission: PM Modi

— Press Trust of India (@PTI_News) February 2, 2022

11.48 AM: Government plans to impart National Cadet Corps training to youth in border villages; will help them join armed forces: PM

Government plans to impart National Cadet Corps training to youth in border villages; will help them join armed forces: PM

— Press Trust of India (@PTI_News) February 2, 2022

11.45 AM: The budget also focused on the development of villages at the border. NCC Centres will be brought in at schools  situated at the border: PM Modi

The budget also focused on the development of villages at the border. NCC Centres will be brought in at schools situated at the border: PM Modi pic.twitter.com/piGE1jWn91

— ANI (@ANI) February 2, 2022

11.42 AM: The budget also focused on modernizing Indian agriculture with a focus on organic farming. This will make farming more lucrative. Kisan drones and other machinery will be made available to the farmers at reasonable prices: PM Modi on #Budget2022

The budget also focused on modernizing Indian agriculture with a focus on organic farming. This will make farming more lucrative. Kisan drones and other machinery will be made available to the farmers at reasonable prices: PM Modi on #Budget2022 pic.twitter.com/rbvAPhiRQb

— ANI (@ANI) February 2, 2022

11.26 AM: The budget was has been appreciated. Prior to 7 years, India's GDP was Rs 1 lakh 10,000 crores but today it's about Rs 2 lakh 30,000 crores. Even country's forex reserves have increased to $630 billion from $200 billion. All of this due to our govt's effective policies: PM Modi

The budget was has been appreciated. Prior to 7 years, India's GDP was Rs 1 lakh 10,000 crores but today it's about Rs 2 lakh 30,000 crores. Even country's forex reserves have increased to $630 billion from $200 billion. All of this due to our govt's effective policies: PM Modi pic.twitter.com/EbtT5ptNOB

— ANI (@ANI) February 2, 2022

11.24 AM : It is very important for us to make a self-reliant & modern India. This Budget has several important provisions to take India forward in the direction of modernity. India's economy is expanding continuously due to the decisions taken in the last 7 years: PM Modi

11.18 AM : With the world's changed perspective towards India, it is imperative for us to take the country forward at a rapid pace by strengthening our economy: PM Modi

With the world's changed perspective towards India, it is imperative for us to take the country forward at a rapid pace by strengthening our economy: PM Modi pic.twitter.com/bPWOM4Q0Hq

— ANI (@ANI) February 2, 2022

It is very important for us to make a self-reliant & modern India. This Budget has several important provisions to take India forward in the direction of modernity. India's economy is expanding continuously due to the decisions taken in the last 7 years: PM Modi pic.twitter.com/g0qKfruUSe

— ANI (@ANI) February 2, 2022

11.15 AM: Union Finance Minister Nirmala Sitharaman comprehensively explained the Budget in a timely manner given its vastness. I will also try to focus on important aspects of the Budget, today: PM Modi while addressing BJP workers and leaders on #Budget2022

Union Finance Minister Nirmala Sitharaman comprehensively explained the Budget in a timely manner given its vastness. I will also try to focus on important aspects of the Budget, today: PM Modi while addressing BJP workers and leaders on #Budget2022 pic.twitter.com/9vkLeVswSK

— ANI (@ANI) February 2, 2022

11.15 AM: There is a possibility of a new world order post-COVID pandemic. Today, the world's perspective of looking at India has changed a lot. Now, the world wants to see a stronger India: PM Narendra Modi while speaking on #UnionBudget2022

There is a possibility of a new world order post-COVID pandemic. Today, the world's perspective of looking at India has changed a lot. Now, the world wants to see a stronger India: PM Narendra Modi while speaking on #UnionBudget2022 pic.twitter.com/sBpnegew6u

— ANI (@ANI) February 2, 2022