New Delhi, Feb 14 (KNN) Finance Minister Nirmala Sitharaman on Friday said that if required, the government would take more steps beyond the announcements made in the Union Budget 2020-21 presented on February 1, 2020.

In an interactive session on 'Budget and Beyond' with professionals from asset management, wealth advisory, tax consultancy and other related industries, the Minister also said the Budget 2020-21 was a budget where the impact on equity, bond and currency markets were positive.

"If more has to be done beyond the Budget 2020, we are willing to do that," Sitharaman said at the session, where the participants made several suggestions to boost economic activities in the country.

During the interactive session, participants made suggestions for increasing consumption, giving more money into the hands of consumers, measures required to boost liquidity and hosts of suggestions for the capital markets.

Several suggestions were also made on the 'Vivad se Vishwas' scheme to deal with the disputes related to the direct taxes. It was announced in the Budget 2020-21.

The country's GDP growth is estimated to slow to an 11-year low of 5 percent in the current financial year.

Nirmala Sitharaman said the finance ministry will provide details of the scheme soon. However, Parliament approval will be required before the scheme is implemented.

Sitharaman assured the participants that her ministry would look into the suggestions. She had similar interactive sessions in Mumbai, Chennai and Kolkata last week.

The meeting was also attended by Niti Aayog Vice-Chairman Rajiv Kumar and CEO Amitabh Kant, besides secretaries of the finance ministry. (KNN/SS)

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