Didn't impose new taxes, focused on Capex for economic recovery, says Indian FM
Date
3/26/2022 9:06:34 PM
(MENAFN- Trend News Agency)
The Modi government did not introduce new taxes to fund the
post-Covid economic recovery, Finance Minister Nirmala Sitharaman
told the Lok Sabha, Trend reports citing The Indian Express.
Replying to the debate on the Finance Bill, which the House
passed, Sitharaman said that India, instead, put the money where
there would be multiplier effect and aid the post-pandemic economic
recovery.
“According to an OECD report, 32 countries have increased the
tax rates after the pandemic. Instead, we put more money where
multiplier effect would be maximum,” she said, while referring to
the Budget's focus this year on raising capital expenditure.
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