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Finance Minister to meet industry chambers for pre-Budget consultation

Updated: Jun 10, 2019 05:18:27am
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Finance Minister to meet industry chambers for pre-Budget consultation

New Delhi, June 10 (KNN) Finance Minister Nirmala Sitharaman has called a meeting of leading industry chambers on 11 June to elicit their views on various issues, including steps to boost Foreign Direct Investment (FDI) inflows and industrial productivity, as part of the pre-Budget consultation exercise, according to media report.

The meeting will be the first joint interaction with Sitharaman, who took over as India's first full-time woman finance minister last month, after the BJP-led NDA government won a second term.

Most of the industry bodies have already submitted their memoranda of demands to the finance ministry for consideration.

The Budget will be presented by the minister in the Lok Sabha on 5 July..

The minister would also seek their views on the issue of mergers to enhance productivity, the categories of services needed to be expanded to meet domestic demand, and tariff structure to increase domestic output and exports.

Also according to the media report, the minister is particularly interested to know views of the industry on the development of tourist sites with a view to attract more domestic as well as foreign travellers.

The finance ministry has already indicated that it would not be making major changes in the allocations earmarked for different ministries and departments in the interim Budget.

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