💨 Abstract

The Economic Affairs Secretary Ajay Seth stated that the significant income tax relief announced in the Union Budget will stimulate demand and propel growth in the next financial year, with a pegged nominal GDP growth of 10.1%. The tax cuts, benefiting 1 crore taxpayers and costing the exchequer Rs 1 lakh crore, are aimed at addressing domestic headwinds and boosting consumption and private sector investment.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖