Chandigarh: Finance Minister Union Nirmala Sitharaman on Friday said the Indian economy was on a sustainable resurrection line and quoted by the GST collection and direct tax collection to support his statement.
He further said that trust in the Indian stock market grew when retail and small investors strongly invested money in the stock market.
He handles media here.
“I can see very clear signs of the resurrection and signs of a good resurrection.
Otherwise, my income collection will not be in place, either GST tax and directly,” said Sitharaman while answering questions about whether the economy had returned to its path.
And have taken pre-pandemic speed.
He said the half-year target had been achieved in direct taxes.
“And the average GST collection per month is somewhere in the range of Rs 1.11 Lakh Crore and Rs 1.12 Lakh Crore.
Maybe it can be safely said to be somewhere in the range of Crore Rs 1.15 lakh per month,” He said.
“This is not a small indicator, this is not some sporadic indicators.
They clearly show that the economy is on a sustainable eurundity,” he said.
For questions on the stock market, he said the market has his own understanding of what this is related to companies.
The Minister of Finance said there was transparency in the process of listing companies and related regulations.
He said, “Today retail and small investors take a sharp interest in the stock market and invest in it.
Previously, retail investors participated through mutual funds”.
“Now they will go through mutual funds and also directly and participate (invest in the stock market) through a Demat account.
Therefore, currently interest in the stock market grows and more investments that occur and everything happens and everything is happening in a transparent way , “he said.” As a result, trust in the Indian stock market grew, “he said.
For questions about demonetization whether the step was able to check the fake currency, he replied, “Sure, control over the fake currency brought.” Note Two denominations removed from the system “and the black money and fake currencies have been stopped, the minister emphasizes.” …
that it has a bearing on terrorism, terror funding, “he said.
Reply to whether gasoline and diesel will be taken down GST Sitharaman said at the time of the implementation of GST, The Central and State government had included gasoline and diesel in it.
“There are provisions in GST law that gasoline and diesel can be obtained,” he said.
“…
When the board (GST) decided that it was will be taken at a certain level and after determining the level that will also be added.
There is no new amendment to be made in GST law for gasoline and diesel.
But the board must decide when to bring and at what level, “he said And the philosophy is’ Sabka Sath, Sabka Vikas, Sabka Vishwas and Sabka Prayaas, “he said, touching changes in major transformation in the Indian economy that touched every part of society.
With a challenge thrown by Covid pandemics, he said the industry also changed the way they did business .
“There are many digitalization that occur, there are many robotics that enter manufacturing.
Even small businesses benefit from far more mechanical supply changes.
So, rapid changes occur and change quickly occur and.
In this ‘sabka day’ philosophy …
not forgotten, “he said.
He also mentions how the center works to bring change in less capable and marginalized parts.” I want to underline the fact that the BJP ideology itself is linked to two main understanding – that you have to be sarvsparshi, which you must reach and touch everyone in the community and you have to be sarv-vyapi, which you must be common and present in all parts of the economy, society , the country, “he said.
Referring to the Jan Dhan scheme, he said today more than 80 crore people get benefits and there are more than 40 crore accounts.