new Delhi. Finance Minister Nirmala Sitharaman On Wednesday presided over pre-budget consultative meetings held in a virtual manner for Budget 2021-22. With this, the pre-budget consultative meetings between December 14 and December 23, 2020 have ended. More than 170 invited representatives from nine stakeholder groups participated in the scheduled 15 meetings during this period.
Representatives of these organizations participated
Stakeholder groups include financial and capital markets, health, education and rural development, water and sanitation related systems, trade unions and labor organizations, industry, services and trade, infrastructure, energy and climate change sectors, agriculture and agro-processing industries, industrialists And economists. Union Minister of State for Finance and Corporate Affairs Anurag Singh Thakur, Finance Secretary Dr. AB Pandey, DIPAM Secretary Tuhin Kanta Pandey, Expenditure Secretary TV Somanathan, DEA Secretary Tarun Bajaj, Chief Economic Adviser Krishnamurthy Subramanian and senior officials of Ministry of Finance and other ministries. Also attended this meeting.
Suggestions found on these issues
These stakeholder groups made several suggestions on various topics, including taxation, fiscal policy, bond market, insurance, infrastructure expenditure, health and education budget, social security, skill development, water harvesting and conservation, sanitation, MGNREGA, public distribution system, Ease of doing business, investment planning related to production, exports, branding of Made in India products, mechanism of public sector work, innovation, green development, non-polluting sources of energy and vehicles.
Economic boom is being seen
A statement from the Finance Ministry said that the participants appreciated the government’s efforts to horizontal (level) the curve of the spread of Kovid-19 and a strong return towards economic growth in the second quarter of 2020-21. The statement said that India is one of the few countries where economic activity has picked up with the decline in epidemic mortality. During this, Finance Minister Sitharaman assured that all the suggestions will be considered carefully while preparing the budget 2021-22.