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Wednesday, 12 June, 2019, 12 : 30 PM [IST]

Industry representatives submit suggestions to Finance Minister at second pre-Budget meeting

As part of her pre-Budget consultations with industry stakeholders across sectors, Nirmala Sitharaman, Union Minister of Finance & Corporate Affairs, met representatives from industry, trade and service sectors in Delhi yesterday. This is the second such meeting after Sitharaman took charge on May 31.

With a view to give boost to Indian economy, the representatives of industry, services and trade sectors submitted several suggestions concerning industrial sector, land reforms, special economic zones, industrial policy, investment in research and development, simplification of tax regimes, tapping potential in the tourism sector, Foreign Direct Investment (FDI), Good & Services Tax (GST), Capital Gains Tax, Corporate Tax, MSME Sector, e-commerce, skill development, education and healthcare sectors, start-ups, media and entertainment sector and food manufacturing industry.

Sitharaman said that the Centre has taken several industry-specific initiatives since 2014 that had significantly improved the overall business environment. She said that the emphasis was given to simplification and rationalisation of the existing rules and introduction of information technology to make governance more efficient and effective. She pointed out that these initiatives have helped India its ranking on the 77th position as per the World Bank Doing Business (DB) Report, 2019.

Along with the Finance Minister, the meeting was attended by  Anurag Thakur, Minister of State for Finance and Corporate Affairs, Subhash C. Garg, Finance Secretary, Girish Chandra Murmu, Expenditure Secretary, Ajay Narayan Pandey, Revenue Secretary, Rajeev Kumar, Secretary, DFS, Atanu Chakraborty, Secretary, DIPAM,  Yogendra Tripathi, Secretary, Ministry of Tourism, Amit Khare, Secretary, Ministry of Information and Broadcasting, Ramesh Abhishek, Secretary, Department for Promotion of Industry and Internal Trade, Anup Wadhawan, Secretary, Department of Commerce, Ministry of Commerce and Industry, Pramod Chandra Mody, Chairman, CBDT, P.K Das, Chairman, CBIC, Dr K.V. Subramanian, CEA and other senior officials of the Finance Ministry.
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