Nirmala Sitharaman Exclusive Interview Highlights: In an exclusive interview, FM said LIC, SBI's exposure to Adani group was within permissible limits and that the Indian banking system was now at a comfortable level.
In general, the banking system has significantly improved health in terms of NPAs and recoveries, the FM added. FM said the Budget's impact will retain bullishness in the markets.
- Investors looking for better opportunities in startups.
- Not scarcity but funds looking for better options among startups.
People who have bought house and sold houses, have made immense benefits but still attempt to get benefits from government: FM on Rs 10 cr capital gains cap on luxury home sales
I belong to the school of thought if taxpayers are left more money in hands because we collect tax he is the best judge where to put his money. He doesn’t need incentive to run his family, or protect ill health and save for future. Why do we want to underestimate citizens?
Indian tax system should be seen as not so harsh. Taking away 42.7 percent tax doesn't look so good and that is why we reduced it: FM on reduced surcharge
- Everyone should know what amount of they are paying and file the tax returns from their home.
-I would prefer a completely acceptable and lower tax rate, there is no reason for someone to avoid paying tax.
- You are the best judge to do what you want to do with your money.
I have not given a time frame to remove exemptions and deductions. Every indian citizen must make her or his own choice. The purpose of new tax regime is make it attractive for compliance and tax rates. Everyone should know what amount of taxes they are paying and file the tax returns from their home. At least 50 percent of the taxpayers can shift to the new income tax regime and benefit from reduced rates.
