FM Sitharaman says:

Finance Minister Nermalla Setharmann confirmed on Tuesday that the basics of the Indian economy are still strong and that the Indian currency is still strong while excluding any structural slowdown. The minister, who just presented the federation’s budget 2025-26, also confirmed with great tax discounts for income, that this was part of the government’s continuous initiatives to maintain the confidence of the taxpayer.
“In every budget, there is a clear feeling that we respect the taxpayers,” she said while addressing India today in the Ice Table in the budget in India, and clarifying measures such as anonymous identity evaluation and taxpayer charter in previous budgets. “However, this is also a continuous part of Prime Minister Moody’s efforts to respect taxpayers,” she emphasized.
The minister said that this will also have an impact on savings and consumption on the economy, with rear fears about the moderate in urban demand. It is possible that it will help in sales of fast -moving consumer goods as well as the estimated spending by consumers, expressed their hope, adding that banks can also witness better growth in deposits in addition to better investments.
In the Federation’s budget 2025-26, the Minister of Finance suggested that there will be no zero tax on the annual income of up to 12 rupees of Cham, along with a large group of income tax panels under the new income tax system.
Speaking of the proposed new income tax law that is scheduled to be presented in Parliament next week, the minister said that it wants the tax reform system to be simple to comply, which is the intention of the new law. While refusing to give a schedule to pass the law, she said it would be good if it was approved in the budget session, but the government wants to send it to the Finance Parliamentary Committee on financing after submitting it in Parliament.
She said: “If the permanent committee returns after the start of the second half of the budget session, we will be happy to go forward.”

https://www.youtube.com/watch?

The minister also emphasized that there is a global scenario that is constantly changing with many developments in countries throughout the country and said that the demands for structural slowdown in the economy.
“When your basics are strong and your currency is strong compared to all other currencies …. just because of the privacy of the US dollar. It is not only the situation for rupees, but it is for every currency against the US dollar. If your currency is good and appropriate except for this volatility against the dollar, can it be If your basics are weak? Can it be a systematic problem?
India is believed to grow by 6.4 % of this finance and 6.3 % to 6.8 % in the 26th fiscal year. Indian rupee has violated 87 against the US dollar as policies in the United States affected currencies of many economies.
On a question about the influence of the high tariff announced by US President Donald Trump, “We will have to pay attention to it. We cannot speculate on it. We have to wait and see the type of work that must come. But I would like to prepare myself for two things – falling from work on China, Mexico, Canada and how This affects India.
She also said that the rationalization of customs duties in the budget had started earlier and was actually referred to in 2022 and not intended due to the customs tariff plans for the new US administration.
“India markets and the basics are strong,” she confirmed when I was asked why foreign investors withdraw money from the country. “Local attitudes and the issues arising from them alone cannot be the reason behind the exit of FPIS. Developments in the United States, global uncertainty … markets like Japan are now trying to confirm themselves. She indicated that many things happen,” adding that she wants to make India is a more attractive destination for investments, which is why the budget has suggested reviewing the bilateral investment treaty model.