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Indian budget announcement

India

The Indian budget has recently been announced and in the Finance Minster's opening remarks he laid out his priorities as being:

  • Growth acceleration
  • Enhanced investments
  • Ensuring that the benefits this will produce will accrue to the common man 

The Government expects to find the funds by managing its expenses more effectively, through an aggressive INR 700 bn disinvestment budget, and by leveraging the power of the JAM trinity (Jan Dhan bank accounts, the Aadhar identity numbers and Mobile or cellular technology) to reduce leakages in the administration of the Government’s benefits programs.

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Taxand's Take

All multinationals and nationals operating in India should pay attention to legislative developments as part of the budget and make any required changes.

Taxand's Take Author

Mukesh Butani
Taxand Board member
India

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