We will not force a new tax system – Union Finance Minister Nirmala Sitharaman explains

New Delhi: After the budget attack, Union Finance Minister Nirmala Sitharaman addressed the media. He said:

We have set a target of achieving a 5 trillion dollar economy. We are moving towards that goal. Considering this, the Union Budget has been presented.

In the budget, major changes have been made in the taxation of personal income tax. It is useful for middle class people. We will not force anyone to switch from the old tax system to the new tax system. A number of concessions have been announced in the new tax regime. So, it will definitely attract people.

Attracting investment in the industrial sector and development of micro and small enterprises is emphasized in the budget. In view of the 4th industrial revolution, various schemes have been announced to provide vocational training to the youth.

Women’s advancement, tourism development, PM Vikas scheme, green development have also been prioritized.

Creative measures are being taken to control inflation. We are planning to distribute additional wheat in the market. Due to this, soon wheat prices will decrease.

This is what he said.

Employment has been prioritized in the budget. National Workshop Training Program will be launched. Through this, 47 lakh youth will be trained for 3 years with subsidy. The India Digital Skills Program will be launched anew. According to this, 30 skill development centers will be set up in various states and employment training will be provided to the youth.