Finance Minister Nirmala Sitharaman has affirmed the persistence of current tax rates, covering direct, indirect taxes, and export duties. Additionally, she revealed an 11% increase in the capital expenditure outlay for the upcoming year, reaching ₹11.1 lakh crore. Sitharaman, in her announcement of the federal budget for the fiscal year, revised the fiscal deficit to 5.8% of the gross domestic product. HW News’ Managing Editor Mr. Sujit Nair engages in a conversation with veteran economist and Professor Arun Kumar and discusses about the recently presented interim budget and what does it have for the people of India.
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