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Budget 2021: Pre-budget meetings round out; The government received suggestions on many issues including taxation, fiscal policy, insurance

Business News by Business News
December 23, 2020
in India
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Finance Minister Nirmala Sitharaman concludes pre-Budget meetings for forthcoming Union Budget 2021-22, FinMin receives suggestions on taxation, fiscal policy, green growth and more
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Union Budget 2021: The period of the pre-budget meetings being held continuously for the budget 2021-22 by Finance Minister Nirmala Sitharaman is over. These meetings were held from 14 December to 23 December. Due to the coronavirus epidemic, this time all pre-budget meetings have been done through video conferencing. The government has received various suggestions from stakeholders on various issues including fiscal policy, taxation and green growth in the meetings held before the general budget.

In a statement released on Wednesday by the Finance Ministry, it was said that 170 invited representatives of nine stakeholder groups participated in 15 virtual meetings chaired by Finance Minister Nirmala Sitharaman. These meetings were attended by finance and capital markets, health, education and rural development, water and sanitation, trade unions and labor organizations, service and trade, infrastructure, energy and climate change, agro-processing sector representatives and industrialists and economists. .

These are various suggested topics

The stakeholder groups involved in the discussion made several suggestions on various topics for Budget 2021, including taxation, fiscal policy, bond market, insurance, infrastructure spending, health and education budget, social security, skill development, water harvesting and conservation, sanitation , MNREGA, public distribution system, ease of doing business, investment planning related to production, export, branding of ‘Made in India’ products, mechanism of public sector work, innovation, green development, non-polluting sources of energy and vehicles Were.

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These officials took part

Apart from Finance Minister, these meetings included Minister of State for Finance Anurag Singh Thakur, Finance Secretary Ajay Bhushan Pandey, Financial Services Secretary Devashish Panda, Deepam Secretary Tuhin Kant Pandey, Expenditure Secretary TV Somanathan, Economic Affairs Secretary Tarun Bajaj, Chief Economic Advisor KV Subramanian and senior officials participated. The participants praised the government’s efforts regarding the COVID-19 epidemic. He said that India is one of the few countries where the death rate due to the epidemic is decreasing and economic activity is increasing.

Source: www.financialexpress.com

Tags: Nirmala Sitharamanunion budget 2021
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