New Delhi: Prime Minister Narendra Modi has instructed that taxes were not raised in the middle of the Covid Pandemic, Union Minister Nirmala Sitharaman told reporters today after presenting the Union budget in parliament. PM Modi, he added, has given the same direction last year too.

“Don’t want to increase taxes at the time of the pandemic … Modi PM instructions are very clear – ‘no additional tax’,” said Ms. Sitharaman.

Thus, the income tax slab has not been changed in this budget.

The Minister of Finance also proposed that the limit for the use of government and state employees increased from 10 percent to 14 percent. This will help state government employees with social security benefits and bring them equivalent to the Central Government employees, he said.

Previously today, PM Modi said the budget would benefit all, especially the poor and those from the community. “This budget is full of new possibilities for further infrastructure, more investment, more growth, and more work,” said Prime Minister, added that it would also open the field of green work … the important aspect of this budget was the welfare of people poor “.

The government said this budget aims to increase economic growth amid sustainable disturbances of covid pandemics and increased inflation. MS Sitharaman also said this year’s budget will be “blueprint to direct the economy from India @ 75 to India @ 100”.

The budget this time includes a big boost for infrastructure and estimates effective capital expenditure from the central government on ₹ 10.68 lakh crore in 2022-23, consisting of around 4.1 percent of GDP.

Talking about income, MS Sitharaman said the Gross GST collection for January is ₹ 1,40,986 Crore – the highest since the start of the tax in 2017.

MS Sitharaman said the government would soon issue a digital rupee using Blockchain technology by Reserve Bank starting 2022-23, which would be a big boost for the economy.

Income from any virtual digital asset transfer will be taxed at a rate of 30 percent.