Union Budget for 2022-23 sets agenda to provide tax predictable regime: FM Nirmala Sitharaman
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Union Finance Minister Nirmala Sitharaman has said the Union Budget for 2022-23 stands for continuity to provide a tax predictable regime and a vision for the next 25 years. Sitharaman stated that the budget also makes sure that the country is adequately endowed to celebrate when it attains 100 years of independence.
She stated the budget brought in a lot of technology and digitisation of the economy. Underlining that the country is still coming out of the effects of COVID-19 pandemic, she said the nation needs to have a support system particularly for health, which is completely stabilised and strengthened. She also stressed that there was a need for waking up for the children who have lost out on two years of education and bridging the gaps.
She pointed out that the budget is also about making sure that states have a participatory role in whatever the Centre is doing, so that the funds are being shared with them and they can actively engage in infrastructure building as well. She mentioned broader principles of getting the synergy out of all the investments being made both by the Centre and the states for infrastructure, so that the multiplier effect is really going to benefit and the investments going to have synergetic effects.
