Former IMF Executive Director and economist Surjit Bhalla believes that the government's main priority in the FY26 budget should be revising the direct tax code, while the RBI should focus on reducing interest rates. Watch: https://youtu.be/axuvc4Un6yI | #btbudgetroundtable2024 #SurjitBhalla #FY26Budget #DirectTaxCode #RBI | Business Today | Facebook

#BudgetOnFirstpost: Finance Minister Nirmala Sitharaman has retained tax rates for both direct and indirect taxes in the Interim Budget 2024-25. However, Sitharaman announced that the government will withdraw old disputed direct tax demands for a certain period. Outstanding tax demands of up to 25,000 rupees pertaining to the period up to the financial year 2009-10 and up to 10,000 rupees for financial years 2010-11 to 2014-15 will be withdrawn. #FPReels | Firstpost