Finance Minister Nirmala Sitharaman defended the recent tax cuts and GST reforms in a media roundtable. She stated the new tax regime aims to simplify the system but the old regime is not being shut down immediately. Sitharaman asserted that GST has reduced tax rates overall and challenged critics to show any item that has become more expensive post-GST implementation. The FM also discussed capital expenditure, employment schemes, and global economic headwinds. Additionally, Sitharaman discussed tariff rationalization, fiscal discipline, and economic growth targets. She defended the government’s growth projections, citing global uncertainties. Sitharaman highlighted India’s strong economic fundamentals and emphasized the focus on capital expenditure in the budget. She also addressed concerns about crypto regulations and development initiatives for Bihar.
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