Ahead of Budget 2020, PM Narendra Modi is taking presentations from these committees - Here is why
Reportedly, these presentations will be the basis for setting a five-year vision for various ministries and departments.
Union Budget 2020 (#BUDGET2020ZEE) is just around the corner, and weeks before the presentation, PM Narendra Modi has started taking presentations from the sector-specific committee of secretaries (CoS). Reportedly, these presentations will be the basis for setting a five-year vision for various ministries and departments.
The key ministries are set to apprise the PM and the Council of Ministers about their performance as per schedule fixed by the Prime Minister's Office (PMO). Staring Friday, the process is spread over the next few days.
"Earlier also, this exercise had happened. In continuation with that, the ministries are again giving presentations on their performance," said an official, as per a report by IANS. Another official said that the presentation is scheduled on Saturday also.
"Since it is happening before the Budget (#BUDGET2020ZEE), the inputs would certainly be taken for the Budget but the idea is to set a medium target to revive the economy and eventually reach the goal of $5 trillion economy," the official said, as per the report.
The government has lined up infrastructure projects worth Rs 102 lakh crore across 18 states and Union Territories (UTs) with the bulk of the projects in the sectors of railways, urban development, health, water and education.
According to the latest development, Union Budget (#BUDGET2020ZEE) for 2020-21 may be presented on February 1 and the Economic Survey is likely to be on January 31, a report by news agency IANS said quoting Finance Ministry sources said.
Budget 2020 DATES
Budget 2020-21: February 1, 2020 (Most likely)
Economic Survey: January 31, 2020 (Most likely)
In the Economic Survey 2019 which was presented on July 4, a day before the General Budget on July 5 after the Modi government started its second innings in the government, the focus was on "What India needs to become a $10 trillion economy by 2030. India needs to spend 7-8% of its GDP on infrastructure annually to becoming a $10 trillion economy by 2030".
This will be the first time after 2015-16 when the budget will be presented on Saturday.
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