Budget 2023: I think 50% taxpayers will opt for the new income tax regime, says Nirmala Sitharaman
The finance minister is of the opinion that with more money in taxpayers hands under the new I-T regime, they would be the best judge to decide their own choice for investment.Finance Minister Nirmala Sitharaman charted out the pitfalls that had to be avoided and the challenges presented by a series of unprecedented events while drawing up Union Budget 2023, in an exclusive interview with Network18 Group Editor Rahul Joshi. She said that government has tried providing a thrust to a more ecologically friendly economy given its net-zero commitment, explained the move to tweak the personal income tax slabs, and laid out the reasons why India is still one of the best destination investments. This is your fifth Budget, you are navigating epochal events in the last couple of years. One was the COVID-19 pandemic and the other was the war in Ukraine. What I would like to understand from you is, what was going on in the mind of Nirmala Sitharaman, and how she was dealing with policymaking in these last five historic years.Starting with a very difficult question, difficult not for any other reason but to capture the experiences, and also to look back at it when you are probably slightly out of it, is difficult to describe in a short answer.