PSU Watch logo

| MNRE to infuse Rs 1,000 crore in SECI; plans to finance 3300 MW renewable energy projects |   | Govt relaxes rules, households need not install solar rooftop via listed vendors only |   | APTEL to hear Delhi Discoms plea to let them stop buying costlier power from NTPC’s Dadri I plant |   | Power plants staring at fresh coal shortage due to ‘bias’ |   | Arunachal Pradesh’s Sela tunnel project enters decisive phase: Defence Ministry |  

Finance Minister concludes pre-budget meetings for Union Budget 2022-23

Union Minister for Finance & Corporate Affairs Nirmala Sitharaman chaired the pre-Budget consultation meetings for Budget 2022-23
Finance Minister concludes pre-budget meetings for Union Budget 2022-23
Finance Minister concludes pre-budget meetings for Union Budget 2022-23

New Delhi: Union Minister for Finance & Corporate Affairs Nirmala Sitharaman has concluded the pre-budget consultation meetings for Budget 2022-23. The meetings were held in virtual mode from December 15 to December 22. More than 120 invitees representing seven stakeholder groups participated in eight meetings scheduled during this period. The stakeholder groups include representatives and experts from the agriculture and agro-processing industry, industry, infrastructure and climate change; financial sector and capital markets; services and trade; social sector; trade union and labour organisation and economists.

Union Ministers of State for Finance Pankaj Chaudhary and Dr Bhagwat Kishanrao Karad, Finance Secretary TV Somanathan, Secretary, DEA, Ajay Seth; Secretary, DIPAM, Tuhin Kanta Pandey; Secretary, Financial Services, Debashish Panda; Secretary, Corporate Affairs, Rajesh Verma; Secretary, Revenue Tarun Bajaj and senior officers from Ministry of Finance were also present during the meetings. Secretaries of other Ministries and Departments concerned participated through online mode.

ALSO READ

The stakeholder groups made several suggestions on various issues that included increased R&D spending, infrastructure status for digital services, incentives to hydrogen storage and fuel cell development, rationalisation of income tax slabs, investments in online safety measures etc., among others.

The participants lauded the government’s efforts for inefficient handling of the economy during the pandemic and retaining India’s status as the fastest-growing major economy.

Sitharaman thanked the participants for sharing their valuable suggestions and assured them that suggestions will be carefully considered while preparing the Budget 2022-23.

(PSU Watch- India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)