PM Modi Ordered Not To Increase Taxes At The Time of Covid Pandemic, Says FM Nirmala Sitharaman

The finance minister also said that the Covid-19 pandemic has definitely impacted jobs, but the Central government has, through various schemes, been trying to help citizens recover successfully.

Written by: India.com News Desk Edited by: Victor Dasgupta

Updated: February 1, 2022, 8:02 PM IST

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https://www.india.com/business/budget-2022-pm-modi-ordered-not-to-increase-taxes-at-the-time-of-covid-pandemic-says-fm-nirmala-sitharaman-5217974/ Copy

Finance Minister Nirmala Sitharaman

Budget 2022: Finance Minister Nirmala Sitharaman on Tuesday presented the fourth budget of Modi government 2.0. In her 90-minute speech on the floor of the Parliament, the finance minister announced a slew of initiative which according to the government will accelerate the pace of economic growth. After delivering her budget speech, the minister addressed the media and explained the crux of the Union Budget 2022. While answering about the unchanged tax slab, Nirmala said that the Centre didn’t wanted to increase tax at the time of Covid-19 pandemic. She also added that the same direction was given by PM Narendra Modi last year as well and it has been maintained this year too.

The finance minister also said that the Covid-19 pandemic has definitely impacted jobs, but the Central government has, through various schemes, been trying to help citizens recover successfully.

#WATCH | Central bank will issue a digital currency, no discussions over what are Crypto & Crypto assets for now. Consultation with stakeholders is underway. The description of digital assets will come after the consultation: FM Nirmala Sitharaman pic.twitter.com/13a2eaUtWe

— ANI (@ANI) February 1, 2022

Launching a scathing attack against Rahul Gandhi for denouncing the Union Budget, the finance minister said, “please understand the Budget”. She also said that “irresponsible” comments are coming as criticism, especially by the leader of a party, who hasn’t done his homework right.

Here are some of important highlights from her press conference:

• Pandemic snatched away so many jobs across the world. Our Atmanirbhar Bharat Package saved the jobs of a lot of people. We are trying to help those who lost their jobs, through various schemes. I am denying but it is not fair to say that we didn’t do anything: Finance Minister
• We’re taking several steps to tackle these (unemployment & inflation) issues. Our govt didn’t allow inflation to go double-digit. Yes, it breached the 6% limit for a month but never crossed it. However, before 2014 it was always in the range of 10,11,12,13: FM N Sitharaman
• The FM said that LIC IPO in all probability to go through in FY22. She said, “LIC, in all probability is going through this year. We have shown intent of the government. Air India got cleared, NINL found a buyer. We are progressing and being very realistic in this.”
• Productivity Linked Incentive in 14 sectors for achieving the vision of Atma Nirbhar Bharat has received excellent response, with potential to create 60 lakh new jobs, and an additional production of ` 30 lakh crore during the next 5 years
• Allocation for urea subsidy increased from Rs. 58,768 Cr. to Rs. 63,222 Cr. in Budget 2022: MSP Procurement, Asistance through PM Kisan Samman Nidhi Scheme, Promotion of beekeeping, Provision of solar pumps, Agri credit and Other steps are being taken to improve Farmers’ income
• “The government will work on amending the SEZ Act and more details will be announced later. It is aimed at helping the states to better participate in the SEZ sector.”
• FM Nirmala Sitharaman said Covid-19 pandemic definitely impacted jobs, but the Central government has, through various schemes, been trying to help citizens recover successfully.