FM concludes pre-budget meets

170 invitees representing 9 stakeholder groups participated in 15 virtual meetings

GN Bureau | December 23, 2020


#Covid-19   #Economy   #Finance Ministry   #finance minister   #Nirmala Sitharaman   #Budget   #corporate   #economy  
Finance minister Nirmala Sitharaman (File photo)
Finance minister Nirmala Sitharaman (File photo)

Union minister for finance & corporate affairs Nirmala Sitharaman on Wednesday chaired the last of a series of pre-budget consultation meetings for the union budget 2021-22, interacting via virtual mode with 170 representatives of nine stakeholder groups

Pre-budget consultations, started on December 14, included 15 meetings, an official release said. The stakeholder groups included financial and capital markets, health, education and rural development, water and sanitation, trade union and labour organisations, industry, services and trade, infrastructure, energy and climate change sector, agriculture and agro processing industry, industrialists, and economists.

Minister of state for finance & corporate affairs Anurag Singh Thakur, finance secretary Dr A.B. Pandey, DIPAM secretary Tuhin Kanta Pandey, expenditure secretary T.V. Somanathan, DEA secretary Tarun Bajaj, chief economic advisor Krishnamurthy Subramanian and senior officers from the ministry of finance and other ministries also participated in the meetings.

The stakeholder groups made several suggestions on various subjects that included fiscal policy, including taxation; bond markets; insurance; infrastructure spending; health and education budget; social protection; skilling; water harvesting and conservation; sanitation; MGNREGA; public distribution system; ease of doing business; production linked investment scheme, exports; branding of ‘Made in India’ products, public sector delivery mechanisms; innovation, green growth; non-polluting sources of energy and vehicles, among others.

The participants lauded the government’s efforts to flatten the COVID-19 curve and a strong recovery in economic growth in the second quarter of 2020-21, according to the official note. They further stated that India is among very few countries whose economic activity has risen with declining pandemic induced fatalities.

Sitharaman thanked the participants for sharing their valuable suggestions assuring that all suggestions will be carefully considered while preparing the budget 2021-22.

Comments

 

Other News

₹10 lakh penalty on Ola for pre-ride ‘tip’ feature

The Central Consumer Protection Authority (CCPA) has imposed a penalty of ₹10 lakh on ANI Technologies Private Limited, which operates the ride-hailing platform Ola, for soliciting additional payments from consumers before completion of their journeys through its pre-ride ‘tip’/‘add-o

Retail inflation crosses 6% mark

Retail inflation based on Consumer Price Index for October has reached 6.09%, whereas year-on-year food inflation, based on Consumer Food Price Index, for October is 8.94%, an official release said on Thursday.   Year-on-year inflation rate based on All India Consumer Price I

Cabinet approves museum at North-South Block complex

The Cabinet Committee on Economic Affairs, chaired by prime minister Narendra Modi, on Wednesday has approved the development of the Yuge Yugeen Bharat Museum (YYBM) at the North and South Block Complex, New Delhi, at an estimated total project cost of ₹3,230 crore, as appraised by the Public Investmen

Cabinet approves extension of Noida metro corridor

The Union Cabinet, chaired by prime minister Narendra Modi, has approved the extension of Aqua Line Metro Rail Corridor from Noida Sector-51 to Greater Noida Sector-04 of Noida Metro Rail Project with corridor for a length of 8.449 km with 5 elevated stations. On operationalization of this corridor, Noid

India reaffirms commitment to climate multilateralism

India has reaffirmed its commitment to climate multilateralism and the principles of Equity and Common But Differentiated Responsibilities and Respective Capabilities (CBDR-RC), calling for a fair, equitable and ambitious outcome at the 31st Conference of the Parties (COP31) to the United Nations Framewo

How the mind can help the body heal itself

Why do some people recover from illness against all odds? Can our beliefs, emotions and consciousness influence the body’s ability to heal? Drawing on over three decades of experience in medicine, research and medical innovation, internationally trained ophthalmologist and author Dr Dinesh Verma ex

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter