Sitharaman announces 11% increase in infra spend, measures for agri sector

Top 7 key takeaways from FM Sitharaman’s post-budget presser :-

? Social justice as an effective governance model; Focus on the poor, youth, women, and the Annadata (farmers); Focus on infrastructure; Use of technology to improve productivity

? India has had three consecutive years of 7% GDP growth and is the fastest growing economy in G20.

? GDP is Government, Development and Performance. Have delivered on Development and have better managed the economy. We are bringing down the fiscal deficit despite very challenging times.

? Capex from the government will continue, it is important to continue it, FM said.

? India, Middle East, European Corridor (IMEC) project to be taken forward despite disturbances in Red Sea.

? The withdrawal of 1.1 crore outstanding small direct tax demands for certain years will cost less than ?3,500 crore to the exchequer, said Revenue Secretary Sanjay Malhotra.

? No extension of lower tax rate to new manufacturing units coming into place after March 2024, FM clarified.

How would you like to rate such investment and new interim budget?

Any point would you to discussed in form of Interim Budget?

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