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FM holds Pre-Budget Consultation with Prominent Economists

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..... FM holds Pre-Budget Consultation with Prominent Economists - News and Press Release Dated:- 20-12-2019 - News - Union Minister of Finance Corporate Affairs Smt. Nirmala Sitharaman held her 8th Pre-Budget Consultation Meeting with the leading Economists here today in connection with the forthcoming General Budget 2020-21. The main focus areas of the discussions included steps needed .....

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..... to achieve $5 trillion economy, job-oriented growth with focus on manufacturing and services, transparency of fiscal arithmetic, monetary transmission, Government s fiscal prudence and fiscal stimulus, revival of NBFCs and inflation targeting among others. Along with the Finance Minister, the said aforesaid meeting was attended by Shri Rajeev Kumar, Finance Secretary; Shri Atanu Chakrabo .....

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..... rty, Secretary, DEA;Shri Ajay Bhushan Pandey, Revenue Secretary;Shri Tuhin Kant Pandey , Secretary , DIPAM ,Shri Pramod Chandra Mody, Chairman, CBDT; Dr K.V. Subramanian, CEA, and other senior officials of the Ministry of Finance. The Economists were optimistic about the India growth story and put forward ways through which India can achieve the goal of $5 trillion economy. Among the key .....

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..... suggestions were to attract more investment to support growth; streamlining policy matters and faster resolution of policy issues in all sectors;fiscal management; reforms in the power sector; focus on long-term reforms through structural reforms in simplification of GST and Direct Tax Code reforms; securing supply chains for economy; fiscal deficit; continuity in economic policy making; land and .....

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..... labour reforms; ways to enhance rural demand; improve oversight of financial markets; reforms in small savings rate; boosting agricultural exports;simplifying procedures to give financial savings a shot in the arm. The major participants in the aforesaid meeting included Shri Neelkanth Mishra, Credit Suisse; Shri Rathin Roy, Director, NIFP; Shri Sunil Jain, Managing Editor, Financial Expr .....

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..... ess; Shri Shekhar Shah, Director General, NCAER; Shri Arvind Virmani, Economist; Shri Surjit S. Bhalla, Managing Director, O(X)US Investment; Shri Abheek Barua, Chief Economist, HDFC Bank; Shri Soumya Kanti Ghosh, Group Chief Economic Adviser, State Bank of India; Shri Ajit Mishra, Director, Institute of Economic Growth; Shri Ajit Ranade, Chief Economist, Aditya Birla Group; Shri Prasanna T .....

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..... antri, Assistant Professor (Finance), Indian School of Business; Shri Rahul Bajoria, Chief Economist, Barclays Investment Bank and Shri SuvodeepRakshit, Vice President, Kotak Securities Ltd.; Shri Sachin Chaturdvedi, Director General, RIS;among others. **** RM/DKS/KMN - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - .....

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..... taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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