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Govt Wants To Remove All Tax Exemptions: P. Chidambaram

Finance minister Nirmala Sitharaman’s budget for 2023–24 may have promised further momentum to the economy through a push on infrastructure, but, according to the opposition, it has failed to address the needs of the poor and the middle class. Congress leader and former finance minister P. Chidambaram tells Pragatti Oberoi how the government’s claims on allocations for infra projects could be exaggerated and the budget could push the middle class away from saving money. Edited excerpts:

Photo: Vikram Sharma

What will be the impact of the government’s push towards the new tax regime?