Indian FM Sitharaman Reveals Surge in Tax Filing and Urges Financial Industry Responsibility

  • Indian Finance Minister Nirmala Sitharaman says taxable workforce is predicted to rise from 22.5% to 85.3%.
  • All Indian tax categories have seen at least triple the tax filings, suggesting formalisation of Indian economy.
  • Sitharaman insists on financial organizations’ responsibility towards their clients’ money and highlights the importance of global collaboration in the financial ecosystem.
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