Sitharaman hints at big tax relief for the salaried middle class

New Delhi: Only a few days are left for the presentation of the budget for the financial year 2023-24, but before that Union Finance Minister Nirmala Sitharaman has given a big statement saying that she also comes from a middle class family and understands their pain.  So far no new tax has been imposed by the government on people earning less than five lakh rupees.

This event was organized by Panchjanya, the magazine of Rashtriya Swayamsevak Sangh (RSS). With this, she further said that the Union Budget 2023 Union Finance Minister Nirmala Sitharaman has given a statement regarding the imposition of new taxes in an invitation before the budget to ease the life of the middle class. Along with this, she enumerated the work being done by the Modi government for the middle class. For this, many measures have been taken like building smart cities and developing metro rail network.

Government increasing capital expenditure

The Finance Minister further said that from the 2020 budget, the government is continuously increasing its capital expenditure and it has increased by 35 percent to Rs 7.50 lakh crore in the current financial year. Along with this, the Center is working on several points to improve the economic health of public sector banks and reduce NPAs.

Free political speech targeted

Responding to a question asked at the event on free announcements made by political parties during elections, she said that they (political parties) should ask whether the promises made by political parties before elections are valid keeping in view the financial condition of the state.

Significant changes in the economy

Describing the economic reforms done by the Modi government, she said that in 2013 India was one of the ‘Fragile Five’ economies of the world. Many significant changes have taken place since the Modi government came to power in 2014, due to which it is now the fastest growing economy in the world. Despite fluctuations in the rupee against the dollar, people believe that India has a stable government and there is no imbalance in policies. Indian rupee is doing well against all other currencies except dollar.

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