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FM Nirmala Sitharaman says- Open to bringing tweaks to budget and take steps beyond it

FM Nirmala Sitharaman says- Open to bringing tweaks to budget and take steps beyond it

The Finance Minister Nirmala Sitharaman on Friday said that she was open to bringing tweaks to the Union Budget, and is even willing to take steps beyond it, as and when the need arises, based on the feedback given by economists and experts.

In an interactive session on ‘Budget & Beyond’, organised by the NITI Aayog, the Finance Minister said that the immediate feedback has been motivating, as it has had a “positive impact” on the currency, bond and equity markets. “It is one Budget where the impact on equity, currency and bond market has been positive. Currency market remains stable, bond market has cooled off and equity markets is positive,” Sitharaman said. “If more has to be done beyond the Budget, we are willing to do that.”

Sitharaman wanted to hear the views of the economists and other tax experts on the Budget. One of the significant submissions that came to the Finance Minister during the interaction was related to a Budget proposal on dividend taxation, and how it would affect Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs).



FM Nirmala Sitharaman says- Open to bringing tweaks to budget and take steps beyond it

The Finance Minister Nirmala Sitharaman on Friday said that she was open to bringing tweaks to the Union Budget, and is even willing to take steps beyond it, as and when the need arises, based on the feedback given by economists and experts.

In an interactive session on ‘Budget & Beyond’, organised by the NITI Aayog, the Finance Minister said that the immediate feedback has been motivating, as it has had a “positive impact” on the currency, bond and equity markets. “It is one Budget where the impact on equity, currency and bond market has been positive. Currency market remains stable, bond market has cooled off and equity markets is positive,” Sitharaman said. “If more has to be done beyond the Budget, we are willing to do that.”

Sitharaman wanted to hear the views of the economists and other tax experts on the Budget. One of the significant submissions that came to the Finance Minister during the interaction was related to a Budget proposal on dividend taxation, and how it would affect Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs).

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