Budget Highlights: Extended Tax Benefits, Stability, and a 'GDP' Approach
Finance Minister Nirmala Sitharaman announces an extension of tax benefits for startups and investments made by sovereign wealth and pension funds until March 2025, fostering a conducive environment for economic growth and innovation.
Sitharaman assures no proposals will be made on tax rates, both direct and indirect, indicating the government's commitment to maintaining stability in the tax structure and avoiding any immediate changes.
The Finance Minister underscores the government's focus on a more comprehensive approach of 'governance, development, performance' (GDP), emphasizing a holistic strategy to drive economic progress beyond traditional metrics.
Sitharaman's statement reflects a strategic emphasis on governance and development as integral components of the government's economic agenda, aligning policies with the overarching goal of sustainable and inclusive growth.
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