Live: Finance Minister Nirmala Sitharaman Addresses Rbi Board – CNBCTV18

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homeeconomy NewsLive: Don’t think govt needs to give inducements, says FM SitharamanBy CNBCTV18.com |  Feb 11, 2023 12:47 PM IST (Updated)SummaryFinance Minister Nirmala Sitharaman addresses the Reserve Bank of India. She will speak about the Union Budget 2023, highlighting the fiscal consolidation roadmap and high capital expenditure plan in her customary address to the central bank’s board of directors.Discussion on cryptocurrency on with G20, says FM Sitharaman Discussion on crypto regulation is on in G20. One country alone can’t regulate on cryptocurrency. We are talking with everyone. Can a standard operating procedure be formed? Discussing whether a regulatory framework can be made and will be effective, says FM SitharamanBalance of Payments situation eminently manageable: RBI gov Balance of Payments situation eminently manageable. Service exports are doing extremely well, remittances have gone up by 27%; Merchandise exports is moderating. But achieving annual target of $400 billion is getting achieved, says RBI govNew tax regime to reduce tax compliance burden on middle class, says FM Sitharaman Simple step of trying to leave some money into middle class hands leads to lot of inferences. We had said earlier we will simplify and reduce income tax rates ; that’s where it is. New tax regime
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