Chairman of Boston Consulting Group lauds Budget, calls it 'clean, simple, clear and solid'

New Delhi [India], February 1 : Chairman of Boston Consulting Group Janmejaya Sinha lauded the Union Budget 2023 presented by Finance Minister Niramala Sitharaman, calling it "clean, simple, clear and solid".
Speaking on the Personal Income Tax rebate in the new tax regime, Sinha said, "Middle class will benefit most from this year's budget. Consumption will increase due to this move and the economy will further boost."
He further added that everyone will be benefitted from the move calling the budget "clean, simple, clear and solid."
The Finance Minister declared five major announcements in the new tax regime including an increase in the income tax rebate limit from Rs 5 lakh to Rs 7 lakh stating that the new tax regime will now be the default tax regime.