While seeking to steer the economy from India at 75 to India at 100, Finance Minister Nirmala Sitharaman stated that the Central government is focusing on a production linked incentive scheme, with the potential to create 60 lakh new jobs over the next five years. Big news came in for cryptocurrency investors, on the other hand, with the Centre announcing tax on virtual digital assets. Any income from a transfer will now be taxed at 30% + 1% TDS. Meanwhile, with income tax slabs kept unchanged in Budget 2022, no major tax relief was announced for the salaried class. Did the budget shy away from populist themes despite key upcoming state elections? Why was there no significant increase in the healthcare outlay even as the country is dealing with the third surge of covid-19? Has the budget been delivered on expectations? Jayant Sinha, MP & Former Minister of State for Finance weighs in exclusively on the India Development Debate. Tune in!
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