LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

Pre-budget meet: FM Sitharaman consults social sector representatives; economists seek tax reforms

In a pre-budget consultation with representatives of Social Sector, Finance Minister Nirmala Sitharaman held her fifth Pre-Budget meeting with the stakeholders today.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Pre-budget meet: FM Sitharaman consults social sector representatives; economists seek tax reforms
In a similar meeting with economists, the FM was suggested to have further simplification of GST. Image source: PTI
Written By: ZeeBiz WebTeam
Updated: Fri, Jun 14, 2019
09:22 pm
New Delhi, ZeeBiz WebDesk
RELATED NEWS
Budget 2021 Expectations LIVE: Check latest news, updates, demands of India Inc. here Budget 2021 Expectations LIVE: Check latest news, updates, demands of India Inc. here
Budget 2021: Customary halwa ceremony to kickstart budget proceedings today Budget 2021: Customary halwa ceremony to kickstart budget proceedings today
Budget 2021 Expectations LIVE: Check latest news, updates, demands here Budget 2021 Expectations LIVE: Check latest news, updates, demands here
Budget 2021: Agewell reveals what the elderly really need - From tax relief, special provision in schemes to revision in pension Budget 2021: Agewell reveals what the elderly really need - From tax relief, special provision in schemes to revision in pension
Union Budget 2021-22: Circular issued by Department of Economic Affairs - All you need to know Union Budget 2021-22: Circular issued by Department of Economic Affairs - All you need to know

In a pre-budget consultation with representatives of Social Sector, Finance Minister Nirmala Sitharaman held her fifth Pre-Budget meeting with the stakeholders today, according to a Ministry of Finance statement. Sitharaman said the public investment in social infrastructure like education, health and other services is a key determinant of quality of life of the people. 

The Finance Minister said the present government is committed to improve educational standards, skilling the youth, enhancing job opportunities, reducing disease burden, empowering women and improving human development in order to have an inclusive development, said the statement.

The main areas of the discussion included the issues relating to Health-Primary health & Tertiary services, Ayush and Ayurveda; Education- School & University education, Private & Public education; Social protection-old age, Women and Children, Dalits and Other Backward Classes and Youth; Pensions and Human Development among others.

In a similar meeting with economists, the FM was suggested to have further simplification of GST, implementation of direct tax code, initiating job-oriented growth measures and maintaining fiscal prudence for the ensuing Budget. The economists were of the view that the Budget, to be presented in the Lok Sabha on July 5, should set the tone for the next five years and is a unique opportunity to promote manufacturing through 'Make in India'.

They also touched upon a host of macroeconomic factors like economic growth, jobs, fiscal management, investments and public sector borrowings, according to a finance ministry statement.

The finance minister is holding customary meetings with different stakeholders, including industry and farmers' bodies. This was the sixth such pre-Budget consultancy meeting.

Among other major suggestions were removing bottlenecks in supply-chain, framing EXIM policy for agriculture, doing away with specific duties on textiles, reviving inter-state councils for holistic domestic growth, skilling youths, giving fillip to services and manufacturing sector, and bringing structural reforms for a long-term growth.
Stability of tax rates, reduction in tariffs, further simplification of GST, implementation of direct tax code, promoting labour intensive sectors, constitution of independent fiscal policy committee and incentivising digital transactions were also made part of the discussions.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Union BudgetNirmala Sitharaman
RELATED NEWS
Budget 2021 Expectations LIVE: Check latest news, updates, demands of India Inc. here Budget 2021 Expectations LIVE: Check latest news, updates, demands of India Inc. here
Budget 2021: Customary halwa ceremony to kickstart budget proceedings today Budget 2021: Customary halwa ceremony to kickstart budget proceedings today
Budget 2021 Expectations LIVE: Check latest news, updates, demands here Budget 2021 Expectations LIVE: Check latest news, updates, demands here
Budget 2021: Agewell reveals what the elderly really need - From tax relief, special provision in schemes to revision in pension Budget 2021: Agewell reveals what the elderly really need - From tax relief, special provision in schemes to revision in pension
Union Budget 2021-22: Circular issued by Department of Economic Affairs - All you need to know Union Budget 2021-22: Circular issued by Department of Economic Affairs - All you need to know

LATEST NEWS

Mann Ki Baat Latest Episode: What all PM Narendra Modi said in his popular radio programme today - Know here

Historic moment! New era of space reforms in India! PM Narendra Modi hails 1st dedicated commercial launch of PSLV-C51/Amazonia-1 Mission

New Inbase smartwatch Urban LYF is here - Check features, offers, promo code and more

Big insurance offers! 80-100 per cent discounts - All you need to know about renewal of health policies

Salaar Movie Prabhas: Release Date, Cast, Poster, Heroine - Confirmed! Another blockbuster from KGF makers?

Homebuyers alert! Avoid real estate troubles by knowing these top 5 things before buying flat in 2021

Sovereign Gold Bonds 2020-21 scheme: Check opening, closing dates and rates

'Improved economic environment to boost FY21 credit growth'

Centre finalises One District One Focus Product to promote in cluster approach

Apple, Croma join hands on Steve Jobs' birth anniversary

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved