Monday, March 20, 2023

Finance Minister Nirmala Sitharaman Press Conference On Post Budget…

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 the premium of the insurance policy

Giving information about the decision taken on the insurance sector, Finance Minister Nirmala Sitharaman said that the government is trying to bring more and more people under the insurance cover. However, along with this, the government also has to see that its main objective is fulfilled, and not just to save tax, people should make insurance a means. Along with this, the Finance Ministry official also gave an information that for some time it is becoming clear that people are taking the route of taking insurance policy to save tax and are using this medium wrongly, due to which To stop, tax has been talked about on more than Rs 5 lakh.

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Finance Minister’s clear opinion on two tax systems

The 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 avail maximum benefits by staying in.

Finance Minister questioned on foreign financial relations

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 also extending its help to needy areas or countries around the world through its economic policies. In this perspective, it should also be kept in mind that India has to handle matters in different ways on trade, economic and non-economic relations between countries.

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There is no threat to the economic condition of the country – 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 foreign investment of $ 8 billion has come in the country. 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 Finance Ministry on 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 kind of illegal benefits through blockchain.

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

On the questions asked on 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.

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Finance Ministry 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. In Finance Minister Nirmala Sitharaman’s press conference, questions are likely to be asked about heavy selling in shares of Adani Group and possible threat to LIC or 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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