Govt’s enabling insurance policies, proactive steps helped India take care of pandemic: Finance minister

Home » Govt’s enabling insurance policies, proactive steps helped India take care of pandemic: Finance minister
NEW DELHI: Enabling insurance policies and proactive steps taken by the federal government — together with company tax cuts and digitisation of the financial system — helped the nation take care of the unprecedented scenario arising because of the pandemic, finance minister Nirmala Sitharaman mentioned on Wednesday.
Talking on the ‘India’s Financial [email protected]’ occasion, being collectively organised by the division of financial affairs and Sebi as a part of the Azadi Ka Amrit Mahotsav iconic week celebration, she mentioned India, with its robust fundamentals, has periodically confronted challenges and emerged out of it.
The minister mentioned varied steps taken by the federal government since 2014 helped preserve the financial system and folks afloat in troublesome occasions and its focused method throughout the pandemic helped residents.
“Even after pulling the financial system out, eradicating all of the under-growth (post-2014), you continue to had challenges and in a approach the three main steps which have been taken — decreasing the company tax, formalisation/digitisation of the financial system, IBC code, GST — the heavy-lifting that occurred ready us for a scenario which no person might think about,” Sitharaman mentioned.
She mentioned during the last 2 years, regardless of Covid, Indian retail buyers have discovered on-line means to entry the inventory market and Sebi has a task to play in investor schooling.
Sitharaman emphasised that the federal government appears to be like on the focused method of offering help and takes the enter from the bottom shortly.

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