India delivering good returns on investments: Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman on Monday said India is delivering good returns to investors who are booking profits Replying to a question on selling by foreign institutional investors (FIIs), Sitharaman said India has an environment where investments are yielding good returns. She said,the review of the Income-Tax Act, 1961 has a big component of Prime Minister Narendra Modi’s principle of 'Jan Bhagidari'."We received more than 60,000 inputs from the citizens towards the making of the Income Tax Bill, 2025', she said.  Ms Sitharaman said,:The perception of the focus shifting from Expenditure to Consumption, is not right. Capex has been enhanced & simultaneously we've given relief in the Personal Income Tax.'

The review of the Income-Tax Act, 1961 has a big component of Hon'ble Prime Minister Shri @narendramodi’s principle of 'Jan Bhagidari'.

We received more than 60,000 inputs from the citizens towards the making of the Income Tax Bill, 2025.

- Smt @nsitharaman in Mumbai,… pic.twitter.com/79mETpOrAw

— Nirmala Sitharaman Office (@nsitharamanoffc) February 17, 2025

Finance Secretary Tuhin Kanta Pandey added that in times of global volatilities like the one that is being witnessed, the FIIs tend to go back to their country of origin which is mostly the US. He said India is the fastest growing major economy and will continue to grow going ahead as well. To a question on inflation, Sitharaman said the government's supply measures and the Reserve Bank's demand-side initiatives are working in tandem to control price rise.
Meanwhile, the Department of Financial Services Secretary M Nagaraju said the government is "actively considering" raising the Deposit Insurance and Credit Guarantee Corporation (DICGC) cover beyond Rs 5 lakh. Finance Minister and Secretaries addressed and interacted the Industry and Tax Professionals in Mumbai.