FM expects to table new direct IT code in Lok Sabha next week, says that important stages remain – CNBC TV18

FM expects to table new direct IT code in Lok Sabha next week, says that important stages remain – CNBC TV18



Union Finance Minister Nirmala Sitarman has said that she expects to introduce a new direct IT code in the Lok Sabha next week. Responding to the QNBC-TV18 query, he highlighted the important stages that the bill would have to pass before implementation.

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“I hope that the new IT law will start in the Lok Sabha in the coming week. Post that, it will go to the permanent panel, and if there are amendments, it will again require cabinet approval, ”he said, saying that saying that the bill still clarify the important obstacles to clarify the bill before its final rollout Are.

On the broad economy, Sitarman expressed optimism about recovery in private sector investment.

He said, “The input we have received since the budget is that orders for FMCG are already booked in the April-June quarter, and the industry is looking at a possible consumption recovery,” he said That these investment decisions were early these hurry. Tiger.
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He also underlined the government’s commitment to make India a more investor- and if needed if needed, the business friendly to ensure tariff protection for MSME.

Commenting on the coordination between the government and the Reserve Bank of India, Sitarman reiterated that fiscal and monetary policies were aligned. “Whether it is inflation or growth, monetary policy and fiscal policy works together, and government-RBI coordination is required,” he said.

FM on Delhi election results

In the Delhi elections, where the BJP is leading and is ready to return to power in the national capital after almost three decades, Sitarman said, “It was a pleasure to know about the Delhi election results.

“The need for an hour is a government that works to get its people Vikati Bharat By 2047, “he said.

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