[ad_1]
NEW DELHI: Finance minister Nirmala Sitharaman on Tuesday mentioned overseas direct funding (FDI) into the nation through the Modi authorities was $500.5 billion, which is 65 per cent greater than the quantity obtained within the 10 years of the UPA authorities, as buyers have trusted the financial administration of the present regime.
Replying to the dialogue on the Finance Invoice, 2022, and Appropriation Invoice, 2022, the minister mentioned India continues to stay among the many prime 5 overseas direct funding recipient nations on the planet, as per a UNCTAD report.
The FDI influx in 2020-21 was $81.72 billion in comparison with $74.9 billion within the previous monetary yr.
Regardless of the covid pandemic, she mentioned the federal government didn’t resort to taxes for useful resource mobilisation and no tax was elevated to fund the financial restoration.
Then again, as per an OECD report, as many as 32 nations had resorted to a rise of their tax charges to fund their financial recoveries.
Sitharaman additionally highlighted that the battle between Russia and Ukraine is affecting all nations just like the pandemic had.
The finance minister additionally mentioned Rs 8.35 lakh crore has been devolved to states from central taxes within the present fiscal, increased than the revised estimate of Rs 7.45 lakh crore for 2021-22.
Replying to the dialogue on the Finance Invoice, 2022, and Appropriation Invoice, 2022, the minister mentioned India continues to stay among the many prime 5 overseas direct funding recipient nations on the planet, as per a UNCTAD report.
The FDI influx in 2020-21 was $81.72 billion in comparison with $74.9 billion within the previous monetary yr.
Regardless of the covid pandemic, she mentioned the federal government didn’t resort to taxes for useful resource mobilisation and no tax was elevated to fund the financial restoration.
Then again, as per an OECD report, as many as 32 nations had resorted to a rise of their tax charges to fund their financial recoveries.
Sitharaman additionally highlighted that the battle between Russia and Ukraine is affecting all nations just like the pandemic had.
The finance minister additionally mentioned Rs 8.35 lakh crore has been devolved to states from central taxes within the present fiscal, increased than the revised estimate of Rs 7.45 lakh crore for 2021-22.
[ad_2]