Union Budget 2022 was presented by  Finance Minister Ms. Nirmala Sitharaman today, on February 1, 2022. Some of the highlights related to Ease of Doing Business 2.0 & Ease of Living are the following:

1. Commitment to ‘minimum government and maximum governance’ and ‘focus on trust-based governance’.
2. Over 25,000 compliances were reduced, and 1486 Union laws were repealed.
3. For the Amrit Kaal, the next phase of Ease of Doing Business EODB 2.0 and Ease of Living to be launched.
4. Emphasis on improving productive efficiency of capital and human resources.
5. Active involvement of the states, digitisation of manual processes and interventions, integration of the central and state-level systems through IT bridges, a single point access for all citizen-centric services, and a standardization and removal of overlapping compliances.
6. Crowdsourcing of suggestions and ground level assessment of the impact with active involvement of citizens and businesses will be encouraged.
7. The scope of the single window portal, PARIVESH to be expanded, to provide information to the applicants. Based on location of units information about specific approvals will be provided. Single form for application of approvals. Tracking of the approvals through Centralized Processing Centre-Green (CPC-Green).
8. Necessary amendments in the IBC Code to enhance the efficacy of the resolution process and facilitate cross border insolvency resolution.
9. Speed up the voluntary winding-up of companies.
10. To enhance transparency and to reduce delays in payments, a completely paperless, end-to-end online e-Bill System will be launched for use by all central ministries for their procurements. The system will enable the suppliers and contractors to submit online their digitally signed bills and claims and track their status from anywhere.
11. Eligible start-ups established before 31.3.2022 had been provided a tax incentive for 3 consecutive years out of 10 years from incorporation. The period of incorporation of the eligible start-up extended by one more year, that is, up to 31.03.2023 for providing such tax incentive.
12. Litigation management to avoid repetitive appeals by the Department- If a question of law in the case of an assessee is identical to a question of law which is pending in appeal before the jurisdictional High Court or the Supreme Court in any case, the filing of further appeal in the case of this assessee by the department shall be deferred till such question of law is decided by the jurisdictional High Court or the Supreme Court.