UPSCSSCBANKINGSTATE-PSC
Finance Minister Sitharaman projects 7%+ growth, focusing on customs reforms, and cautioning states on 'freebies'.
Summary
Finance Minister Nirmala Sitharaman anticipates India's economy to grow at 7% or more this fiscal year. The government plans to reform customs, reduce import duties, and improve the income tax regime. She also cautioned states against funding 'freebies' with borrowed funds.
Key Points
- Finance Minister Nirmala Sitharaman expects India's economic growth to be 7% or more in the current fiscal year.
- The government is focusing on customs reforms.
- Plans include reducing import duties.
- The income tax regime will be improved.
- States were cautioned against financing 'freebies' through borrowings.
Full Article
Finance Minister Nirmala Sitharaman expressed confidence in India's economy growing at 7% or more this fiscal year, despite global headwinds. She also highlighted plans to reduce import duties and improve the income tax regime, while cautioning fiscally strained states against financing 'freebies' through borrowings.
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