Business Standard|March 30, 2022
'Focusing on growth, recovery with predictable tax regime'
ARUP ROYCHOUDHURY
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Finance Minister Nirmala Sitharaman said on Tuesday that the war between Russia and Ukraine had disrupted supply chains around the world, including in India. Replying to a debate on the Finance Bill, 2022, she also said India remained one of the top five destinations for foreign direct investment (FDI).

Sitharaman said the revival from the Covid-19 pandemic was an ongoing job. “We are focusing on growth and recovery with a predictable tax regime. We are facing the situation of a full-blown war, which is having an impact on all countries. This war is having an impact on supplies; value chains are broken, and global markets are caught up in a situation where nothing is normal," she said in the Rajya Sabha.

The Upper House passed the Appropriation Bill and the Finance Bill and referred them back to the Lok Sabha. Being money bills, the Rajya Sabha's clearance was not necessary.

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