By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Gulf PressGulf Press
  • Home
  • Gulf News
    • Saudi Arabia
    • UAE24/7
    • Kuwait
    • Qatar
    • Bahrain
    • Oman
  • World
  • Business
    • Market DataLive
    • Finance
    • Economy
    • Energy
    • Crypto
    • ForexHot
    • Tech
  • Sports
  • Lifestyle
  • Videos
Search
Countries
  • Saudi Arabia
  • UAE
  • Kuwait
  • Qatar
  • Bahrain
  • Oman
More Topics
  • Technology
  • Health
  • Entertainment
  • Crypto
  • Forex
  • Stocks
Site Links
  • Business Hub
  • Trending
  • Weather
  • Customize Interests
  • Bookmarks
  • Newsletter
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Reading: Nirmala Sitharaman schedules pre-budget meeting with Indian industry leaders for June 20
Share
Notification Show More
Recent Saved
Workers in Bucharest face challenges as temperatures rise
World
Dress code guidelines for the Qatari government sector during office hours
Qatar
Court rules in favor of worker after company dismisses him for salary deductions over 6 years, awarding BD 27,000.
Bahrain
UAE to See Almost 30,000 New Millionaires in 5 Years
UAE
Proposed New Labor Law in Bahrain Targets Increasing Job Opportunities
Bahrain
Latest News
Ferrero’s Social Responsibility Project Kinder Joy of moving Beats Traditional PE Curriculum, Tapping into the Cognitive Functions, Motor Coordination and Life Skills of Students
Lifestyle
UAE Ranks Among Top Rugby Markets on TOD as British & Irish Lions Tour Kicks Off
Sports
Darven: A New Leap in AI-Powered Legal Technology Launching from the UAE to the World
Tech
Beat the Heat This Summer with a Chill Out on Dubai Marina
World
Historic Italian City of Assisi to Host International Exhibition “Jordan: Dawn of Christianity”
World
Jordan to Host Iraq in the Final Round of the Asian World Cup Qualifiers After Securing Historic Spot
Sports
The Myriad Redefines Student Living for a Mobile, Urban Generation
UAE
L’Oréal Paris Welcomes Yasmine Sabri as New Brand Ambassador for the Middle East
Lifestyle
Roland Garros 2025: A New Era of Viewing, A Tribute to Legends, and Moments to Remember
Sports World
Bitget Celebrates Bitcoin Pizza Day by Distributing Over 5000 Pizzas in Over 20 Cities Worldwide
Crypto
Bitget Protection Fund Maintains Strength with $561 Million Average Value in April 2025
Business Crypto
Moscow Metro Marks 90 Years with Technological Advancements and Heritage Events
Lifestyle World
Senkron Digital Showcases CyberPact Service at GISEC Global 2025
Gulf UAE
Muhammad Umair Saeed: The Billionaire Tech Architect Powering AI, Drones, Blockchain & Cybersecurity from Dubai to the World
Business Gulf UAE
Barcelona Aims to Recover from European Heartbreak as They Face Real Madrid in La Liga, Chasing Their Third Title of the Season
Sports
Aa
Gulf PressGulf Press
Aa
  • Gulf News
  • World
  • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Videos
Search
  • Home
    • Videos
    • Business Hub
    • Trending
  • Gulf
    • Saudi Arabia
    • UAE
    • Kuwait
    • Qatar
    • Bahrain
    • Oman
  • Business
    • Market Data
    • Crypto
    • Economy
    • Energy
    • Finance
    • Forex
    • Tech
  • More News
    • World
    • Lifestyle
    • Entertainment
    • Sports
Have an existing account? Sign In
Follow US
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Gulf Press > Business > Nirmala Sitharaman schedules pre-budget meeting with Indian industry leaders for June 20
Business

Nirmala Sitharaman schedules pre-budget meeting with Indian industry leaders for June 20

News Room
Last updated: 2024/06/17 at 4:29 PM
News Room
Share
4 Min Read
SHARE

Finance Minister Nirmala Sitharaman is set to hold pre-budget consultations with industry associations in New Delhi on June 20 evening. Representatives from key industry bodies such as FICCI, CII, Assocham, and PHD Chamber of Commerce and Industry will present their budget suggestions and recommendations. This meeting is part of the government’s annual pre-budget consultations to gather feedback from stakeholders and shape the upcoming Union Budget, expected to be tabled in Parliament in the third week of July.

Ahead of the meeting with the Finance Minister, industry associations will meet Revenue Secretary Sanjay Malhotra on June 18 to discuss a range of topics including tax reforms, incentives for different industries, measures to boost economic growth, and policies to support SMEs. This will be the first budget of the Modi government’s third term, following an interim budget presented by Sitharaman in February before the Lok Sabha polls. With six budgets already presented, Sitharaman will set a new record when she presents the full-fledged budget for the new term of the BJP-led National Democratic Alliance government.

The pre-budget consultations are crucial for the government to consider the views and suggestions of industry representatives and other stakeholders before finalizing the budget. The insights gathered from these meetings will help in crafting policies and allocations that support various sectors of the economy and promote growth. With the Indian economy facing challenges such as slow growth, a stressed banking sector, and global economic uncertainties, the budget will need to address these issues and provide a roadmap for sustainable development. The Finance Minister’s engagement with industry associations underscores the government’s commitment to inclusive growth and collaboration with the private sector.

Industry bodies like FICCI, CII, Assocham, and PHD Chamber of Commerce and Industry play a vital role in representing the interests of businesses across different sectors. Their budget suggestions are likely to focus on areas such as tax reforms to enhance competitiveness, incentives to encourage investment and innovation, measures to address the liquidity crunch faced by industries, and policies to boost exports and create job opportunities. These recommendations will be critical in shaping the budget priorities and allocations in line with the government’s vision for economic development and social welfare.

The Modi government’s agenda for the new term includes a focus on improving infrastructure, promoting digital economy initiatives, boosting manufacturing, and enhancing the ease of doing business. The budget is expected to reflect these priorities and allocate resources accordingly to achieve the desired outcomes. By engaging with industry associations and seeking their inputs, the government aims to ensure that the budget aligns with the needs and aspirations of businesses and paves the way for sustainable growth. The pre-budget consultations serve as a platform for dialogue and collaboration between the government and the private sector, fostering a conducive environment for economic progress and prosperity.

As the Finance Minister prepares to present the budget for the upcoming fiscal year, the consultations with industry associations are a crucial step in the budget-making process. The recommendations and suggestions put forth by industry representatives will guide the government in formulating policies and programs that support economic recovery and resilience. By incorporating diverse perspectives and expertise from industry stakeholders, the budget can address the pressing challenges facing different sectors, spur investment and growth, and lay the foundation for a more robust and inclusive economy. The collaborative approach in shaping the budget reflects the government’s commitment to working in partnership with the private sector to drive sustainable and equitable development.

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
News Room June 17, 2024
Share this Article
Facebook Twitter Copy Link Print
Previous Article The Sunni Endowments Council Distributes Eid Sacrifices and Clothing to Needy Families
Next Article Austrian coalition faces chaos after passage of nature restoration bill
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3k Followers Like
69.1k Followers Follow
56.4k Followers Follow
136k Subscribers Subscribe
- Advertisement -
Ad imageAd image

Latest News

Ferrero’s Social Responsibility Project Kinder Joy of moving Beats Traditional PE Curriculum, Tapping into the Cognitive Functions, Motor Coordination and Life Skills of Students
Lifestyle July 14, 2025
UAE Ranks Among Top Rugby Markets on TOD as British & Irish Lions Tour Kicks Off
Sports July 6, 2025
Darven: A New Leap in AI-Powered Legal Technology Launching from the UAE to the World
Tech July 1, 2025
Beat the Heat This Summer with a Chill Out on Dubai Marina
World July 1, 2025

You Might also Like

Tech

Darven: A New Leap in AI-Powered Legal Technology Launching from the UAE to the World

July 1, 2025
Crypto

Bitget Celebrates Bitcoin Pizza Day by Distributing Over 5000 Pizzas in Over 20 Cities Worldwide

May 22, 2025
BusinessCrypto

Bitget Protection Fund Maintains Strength with $561 Million Average Value in April 2025

May 20, 2025
BusinessGulfUAE

Muhammad Umair Saeed: The Billionaire Tech Architect Powering AI, Drones, Blockchain & Cybersecurity from Dubai to the World

May 10, 2025
BusinessCrypto

RWA project FEXSE tokenises $600,000 Jacob & Co. luxury watch on the blockchain

April 14, 2025
Business

NTT DATA Business Solutions Expands Presence in UAE with Stronger Regional Leadership

March 28, 2025

Sustainable Moving Services: How Dubai’s Moving Companies Are Going Green

February 20, 2025
Tech

CNTXT and Oracle Strengthen AI Collaboration to Drive Innovation

February 14, 2025
//

Gulf Press is your one-stop website for the latest news and updates about Arabian Gulf and the world, follow us now to get the news that matters to you.

Quick Link

  • Privacy Policy
  • Terms of ue
  • Advertise
  • Contact

How Topics

  • Gulf News
  • International
  • Business
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our latest news instantly!

I have read and agree to the terms & conditions
Gulf PressGulf Press
Follow US

© 2023 Gulf Press. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

I have read and agree to the terms & conditions
Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?