Finance Minister praised the new tax regime: Sitharaman said – this will benefit the middle class

Finance Minister Nirmala Sitharaman has said that the new tax regime will benefit the middle class. This will save more money on their hands. Nirmala Sitharaman attended the Customary Central Board of Directors meeting of RBI on Saturday (February 11) after the Union Budget 2023-24. After this meeting, Sitharaman said this in the press conference regarding the new tax regime.
Nirmala Sitharaman said that it is not necessary to motivate individuals to invest through government schemes. Rather, they should be given the opportunity to make individual decisions regarding investment. RBI Governor Shaktikanta Das was also present along with the Finance Minister in the meeting and the subsequent press conference.
During the conference, the reporter asked Nirmala Sitharaman whether an expert committee has been constituted in the case of the Adani Group or not. In response to this question, he said, 'Indian regulators are very experienced in handling the situation that has arisen in the market after the report of US-based short seller Hindenburg Research. They are experts in their domain. The regulators are aware of the matter and are doing their best as always. So it should be left to them.
Regarding cryptocurrency, Nirmala Sitharaman said, 'Technology has more role in cryptocurrency, so we are talking to all countries. If rules have to be brought regarding crypto, then can any standard operating procedure be followed, because a single country cannot do anything about crypto? Discussion is going on with G20 countries on this.
On the other hand, RBI Governor Shaktikanta said on the question made on the regulatory application and his timeline, 'Whenever a new policy comes, it is announced by RBI. That's why there should be advanced consultation with the stakeholders.
He further said, 'In the previous announcement of the Monetary Policy Committee also we have made an announcement regarding penal interest. There also we have announced the draft circular. We are not issuing the final circular as we want the views of the stakeholders. Then why not be it regulated entities, banks and any other player in the financial market?