Government willing to do more than Budget to boost growth: Nirmala Sitahraman

Read Time2 Minute, 19 Second


The government announced a series of steps in the Union Budget, presented on February 1 in Parliament, to expand economic activities at a time when the country faces a slowdown in demand due to several reasons.

Minister of Finance, Nirmala Sitharaman. (Photo: PTI)

Finance Minister Nirmala Sitharaman said on Friday that, if necessary, the government would take more steps beyond the announcements made in the Union Budget 2020-21.

In an interactive session on & # 39; Budget and beyond & # 39; With professionals in asset management, wealth advice, tax consulting and other related industries, the minister also said that the 2020-21 Budget was a budget where the impact on the stock, bond and currency markets was positive.

"If there is more to do beyond the 2020 Budget, we are willing to do so," Sitharaman said at the session, where participants made several suggestions to boost economic activities in the country.

The government announced a series of steps in the Union Budget, presented on February 1 in Parliament, to expand economic activities at a time when the country faces a slowdown in demand due to several reasons.

It is estimated that the country's GDP growth will decrease to a minimum of 11 years from 5 percent in the current financial year.

During the interactive session, participants made suggestions to increase consumption, giving more money to consumers, necessary measures to increase liquidity and a large number of suggestions for capital markets.

Several suggestions were also made about the scheme & # 39; Vivad se Vishwas & # 39; to deal with disputes related to direct taxes. It was announced in the 2020-21 Budget.

She said the finance ministry will provide details of the plan soon. However, Parliament's approval will be required before implementing the scheme.

Sitharaman assured the participants that his ministry would examine the suggestions.

The finance minister had similar interactive sessions in Mumbai, Chennai and Kolkata last week.

The meeting was also attended by the vice president of Niti Aayog, Rajiv Kumar, and the executive director, Amitabh Kant, in addition to the secretaries of the Ministry of Finance.

Receive real-time alerts and all the news on your phone with the new India Today app. Download from

  • Andriod application
  • IOS application





Source link

0 0

About Post Author

Raj Gaur

I love working with WordPress and doing it the right way. Themes and plugins I develop have a common #1 goal: Keeping it as simple as possible for users to publish their content.
Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleppy
Sleppy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %

Leave a Reply

Close
Close
%d bloggers like this: