Robust tax mopup gives 433% boost to capex, says FM

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Finance Minister Nirmala Sitharaman Thursday said robust tax collections had given the Centre confidence to go ahead with increased capital expenditure and continue investment in infrastructure projects...

She said the gross direct tax collections rose 16.77% during April-January over the same period last year and the centre expects the number to go up further..

"With two months left the final numbers will be much higher than that," Sitharaman said...

It led us to increase the capital expenditure by 433% to 11.11 lakh crore in 2024-25," Sitharaman said...

She added that the centre is ensuring that every penny of taxpayers' money is well utilized and put to the best use in infrastructure development, which works for the larger good of people..

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