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FM hints at more props

Several suggestions were made on the Vivad se Vishwas scheme to deal with disputes related to direct taxes
Finance minister Nirmala Sitharaman
Finance minister Nirmala Sitharaman
(PTI file photo)

PTI   |   New Delhi   |   Published 14.02.20, 08:40 PM

Finance minister Nirmala Sitharaman on Friday said that if required, the government would take more steps beyond the announcements made in Union Budget 2020-21 to boost economic activities.

At an interactive session on “Budget and Beyond” with professionals from asset management, wealth advisory, tax consultancy and other related industries, the minister said the impact of the budget on equity, bond and currency markets was positive.

“If more has to be done beyond Budget 2020, we are willing to do that,” Sitharaman said at the session, where the participants made several suggestions to boost economic activities in the country.

Several suggestions were made on the Vivad se Vishwas scheme to deal with disputes related to direct taxes.

She said the finance ministry will provide the details of the scheme soon. However, Parliament approval will be required before the scheme is implemented. “In a day or two, we shall be coming with a clear non-paper (on the scheme) because Parliament is yet to pass it,” she said.



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