Nirmala Sitharaman: Government is giving more options to the people through two tax regime – Finance Minister

Nirmala Sitharaman: Government is giving more options to the people through two tax regime – Finance Minister

Nirmala Sitharaman PC: Today Finance Minister Nirmala Sitharaman has tried to answer the questions arising after the budget. In a press conference, the Finance Minister has answered the doubts and questions after the budget. In this press-conference, the Finance Minister has also given a sharp response to the questions related to the FPO of Adani Enterprises.

This is what the Finance Minister said about the tax on insurance policy premium

Finance Minister’s clear opinion on two tax systems

Finance Minister said That through two tax systems, the government is giving more options and better options to the people. If people want to save tax, then they can leave the old tax system and come to the new tax system. The government has given them more extended options and people have a choice as to which tax regime they can live in and avail maximum benefits. 

Question to the Finance Minister on foreign financial relations< /strong>

In response to a question asked through a foreign journalist, the Finance Minister said that while India is getting funding from global institutions, it is helping its economic policies in needy areas or countries around the world. Help is also being delivered. In this context, it should also be noted that India has to handle matters in different ways on trade, economic and non-economic relations between countries. 

The country’s economic There is no threat to the situation – Finance Minister

The Finance Minister said that there is no threat to the macro-economic data of the country and we can say this because in the last 2 days 8 billion rupees have been deposited in the country. Foreign investment of dollars has come. Along with this, we also know that the coming and going of FPI is a normal process and on the basis of this it is not right to make any view about the economic condition of the country. 

Finance Minister did not give any answer on the question of privatization of two banks

On the question of privatization of two banks including Andhra Bank, the Finance Minister said that at present there is no update on this. 

This was the answer of the Ministry of Finance to the question asked on cryptocurrency

In response to the question asked on cryptocurrency, the Finance Ministry official said that its use is being seen more in non-economic areas than in economic areas. As technology is developing, the need for its regulation is increasing more and more. In the last budget, the government has made efforts in this direction and has also tried to curb any illegal benefits through blockchain. 

Finance Minister and Finance Ministry officials said this on the questions asked on Adani Group

On the questions asked on the Adani Group, the Finance Minister said that this dialogue is actually related to the decisions and announcements of the budget and any other topic will be discussed later. The Finance Minister said that I am not avoiding the questions, but first the questions related to the budget should be done.

Ministry of Finance gave information through tweet

Before 12 o’clock in the morning, the Finance Ministry had given information about Nirmala Sitharaman’s post budget press conference through a tweet. Finance Minister Nirmala Sitharaman’s press conference is likely to ask questions about the massive selloff in Adani Group shares and the possibility of a threat to LIC or the Indian stock market.


Budget related information given to BJP MPs yesterday – sources

Prior to this press conference, Finance Minister Nirmala Sitharaman on Friday informed BJP MPs about the key features of the Union Budget for 2023-24. He said it is an inclusive budget with benefits for the middle class, women and the elderly. Sources have received this information. Sources said that during the conversation, BJP MPs asked maximum questions about the new and old tax system. He told that Sitharaman has explained in detail about the taxation structure.

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