STOCK MARKET BSE NSE

Jaitley to Begin Pre-budget Consultations From January 4

Published: 31st December 2015 05:35 PM  |   Last Updated: 31st December 2015 05:35 PM   |  A+A-

PTI-Jaitley-Ban

"We've taken some steps to pull out highways and steel sectors out of distress. Now something needs to be done on stalled projects and most important is to improve the health of the power sector," he said at the Credia-Bankcon summit here.| (File/PTI)

By PTI

NEW DELHI: Finance Minister Arun Jaitleywill start pre-budget consultations with different stakeholders such as industry, trade unions, and economists from January 4.

Jaitley, who would be presenting his second full-year Budget in February end, will hold pre-budget discussions with agriculture group and trade unions on Monday, followed by economists and industry on January 6 and the IT sector the next day.

He would seek views of financial sector regulators on January 11, and of social sector, banks and financial institutions on January 12, the finance ministry said.

The customary pre-budget consultations are considered important as it helps government in formulating policies.

Government has also invited suggestions from the public for 2016-17 Budget in its bid to make the exercise more broad. The suggestions can be posted on http://mygov.nic.in portal.

Government has already begun budgetary exercise with Department of Expenditure holding meetings with officials of other ministries and departments.

The meetings were aimed at firming up Budget estimates for 2016-17 for Plan and non-Plan expenses.

Jaitley in his second budget, third if the interim presentation of 2014 is counted, is likely to focus on steps to accelerate economic growth that seems to have stagnated in 7-7.5 per cent range amid global slowdown.

The Finance Minister's Budget team comprises Minister of State for Finance Jayant Sinha, Chief Economic Advisor Arvind Subramanian and NITI Aayog vice chairman Arvind Panagariya.

The official team is led by Finance Secretary Ratan Watal, DEA Secretary Shaktikanta Das, Revenue Secretary Hasmukh Adhia and Disinvestment Secretary Neeraj Gupta.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

IPL_2020
flipboard facebook twitter whatsapp