With the 2021-2022 union budget-making process getting underway, Finance Minister Nirmala Sitharaman held her first pre-budget consultation with top industrialists on Monday. The meeting has gathered more importance as it would bring industry and government together to identify critical areas of reform that would pave the way for reinvigorating growth in the economy hit hard by the pandemic this year.
The ideas from the industry experts would go as valuable inputs for government budgetary exercise for FY22. Sources said that the who's who of India Incorporates., including Uday Kotak from Kotak Mahindra Bank, Biocon's Kiran Majumdar Shaw attended the meeting organised through video conferencing. From the Government representation along with Finance Minister, Finance Secretary A.B. Pandey, Secretary, DEA, Tarun Bajaj, Chief Economic Advisor K. Subramanian besides other senior officials were also present in the meeting.
Union government which focus India to become Aatmanirbhar is working on achieving its goal. Ever in the history, this year Finance minister has opened a provision for the general public to give inputs for the union budget 2021-22. An exclusive portal was opened in the finance ministry website and Public were called for the opinion.
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