Page 33 - NIS English 01-15,April 2023

Budget Webinar Cover Story

Achievements that served WAY FORWARD
as the foundation...

The country received n Today's India is advancing with new capabilities, and the
New India is now the most FDI ever in responsibility of those working in India's financial world
moving forward with 2021-22. has grown.
new potential; the n Advocating for the local and promoting a vision of
banking system, self-sufficiency is a national responsibility. Exports
which was on the have increased to a record high as a result of increased
verge of sinking Work is going on domestic production.
8–10 years ago, has in this direction so
now come into profit. that the benefits n Exports are increasing, which means that more
of the strength in opportunities exist outside of India. In such cases,
everyone can take on the responsibility of promoting
India's banking local artisans and encouraging business.
Government policies system reach the
related to financial last mile. n Many steps can be taken collaboratively by various
inclusion have groups, organisations, the Chamber of Commerce, and all
brought millions trade and industry organisations.
of people formally Mudra loans of n The country's money can be saved by building capacity
into the financial more than Rs 20 in India itself. Thousands of crores of rupees are being
system. lakh crore were invested in higher education, edible oil, and other areas.
given without any Work should be done to save money by becoming self-
bank guarantee. sufficient in this field.
Through the PM It was fruitful in n For the advancement of various geographical areas
SVANidhi scheme, fulfilling the dreams and economic sectors, the private sector will need to
more than 40 lakh of the youth. collaborate more and more. The country's private sector
street vendors and should increase its investment in the same way that the
small shopkeepers government does in order for the country to reap the
got help from greatest benefits.
banks for the
first time. n The GST, as well as reductions in income tax and
corporate tax, have significantly reduced India's tax
burden. The tax burden on citizens is decreasing, but
total tax revenue is increasing.

n The expansion of the tax base demonstrates that people
have faith in the government. They believe that the tax
Gross Tax Revenue they pay is only used for public purposes.

n India possesses the talent, infrastructure, and innovators
required to propel our financial system to the forefront.
` 11 lakh ` 33 lakh In this era of Industry 4.0, the platforms that India is
crore crore creating today are becoming a model for the entire world.
2013-14 2023-24 n The GeM, or government e-marketplace, has enabled even
small shopkeepers in remote parts of India to sell directly
to the government.
n The way India is approaching digital currency is also
individual income tax return file unprecedented. 75,000 crore of transactions were done
digitally in the 75th year of independence, demonstrating
how far UPI has spread.
3 crore 6 crores n Even the smallest purchases should be
billed to strengthen the economy, and
2013-14 2020-21 people must be aware of this.

New India Samachar April 1-15, 2023 31