Budget 2023-24: Finance Minister Nirmala Sitharaman said in her first press conference after presenting the budget today that in this budget she has tried to strike a balance between resources and expenditure. From capital expenditure to the general public, especially the middle class, tax rules have been relaxed. The country was waiting for the rules of direct tax to be simplified and the government has done so through this budget.
What did Finance Minister Nirmala Sitharaman say
Our government is trying to balance the public sector investment and along with this, efforts are also going on to simplify the tax rules. Along with this, efforts are being made to improve the economic condition of the MSME sector by giving big loans.
What did the finance minister say about the new tax regime
The Finance Minister said that this is such a budget which is completely balanced. We want to create a new tax system without any tax exemption. Our focus is on green growth.
Middle class will benefit – Finance Minister
Changes in income tax slab will benefit the middle class. We are looking at a futuristic fintech. The government is trying to open up the digital economy in various sectors. The capital expenditure which has been increased by the government this time has been done in double digits for the first time. The government’s priority is to accelerate the country’s economic development through a capital investment outlay of Rs 10 lakh crore. The government’s focus is on increasing employment and at the same time efforts are on to accelerate it.
Big opportunities for fintech companies in India – Finance Minister
Big opportunities are coming for fintech companies in India, the government is giving incentives on its behalf to promote them because it is the demand of the future. If seen in the country, the MSME sector is the engine of economic growth of the country and to strengthen it, a huge budgetary allocation has been made by the government.
Emphasis on empowering women – Finance Minister
Emphasis has been laid on empowering women and their participation in the progress of the country is being further increased. The government is also striving vigorously for industrial development and will accomplish this through Industrial Revolution 4.0.
read this also
