Finance Minister Nirmala Sitharaman’s big statement on Adani, Cryptocurrencies and new tax system
[ad_1]
ANI
Finance Minister Nirmala Sitharaman, when asked about the ongoing upheaval in the Indian stock market in the last two weeks in the shares of Adani Group, said, Indian regulators are very experienced and they are experts in their field.
Finance Minister Nirmala Sitharaman has said that the new tax system will benefit the middle class as more money will be left in the hands of taxpayers by adopting this system. Sitharaman told reporters after addressing the post-budget meeting of the Board of Directors of the Reserve Bank of India that it is not necessary to encourage people to invest through government schemes. Instead, people should be given the opportunity to make individual decisions about their investments. Let us tell you that while presenting the budget for the financial year 2023-24 on February 1, Sitharaman had made several announcements to make the new tax system more attractive. In this, the announcement of no tax on annual income up to Rs 7 lakh is most important. When he was asked about this during the press conference today, he said that the new tax system would prove beneficial for the middle class.
At the same time, on the question asked about the ongoing upheaval in the shares of Adani Group in the Indian stock market for the last two weeks, Finance Minister Nirmala Sitharaman said, “Indian regulators are very experienced and they are experts in their field.” He said that the regulators They are aware of this issue and they are always aware of their work. Apart from this, in the context of regulation of crypto currencies, the Finance Minister said that discussions are going on with G20 countries to prepare a common format for this. .
Let us tell you that on this occasion, RBI Governor Shaktikanta Das said that retail inflation is expected to be around 5.3 percent in the next financial year (2023-24) and it may decline further if crude oil prices come down. . He said that the inflation assessment for the financial year 2023-24 has been done on the basis of the possibility of crude oil remaining at the price of $ 95 per barrel. On the rate of loans given by banks, the RBI governor said that market competition will decide the rates of lending and deposits.
other news
[ad_2]
Source link
