Union Finance Minister Nirmala Sitharaman will hold representatives from the industry associations on June 20 evening as part of pre-budget consultations. The meeting, slated to take place between 4 and 6 pm at North Block, will see industry associations such as the Federation of Indian Chambers of Commerce & Industry (FICCI), Confederation of Indian Industry (CII), Associated Chambers of Commerce and Industry of India (Assocham), and PHD Chamber of Commerce and Industry presenting their budget suggestions and recommendations.
The meeting is a part of the annual pre-budget consultations by the government which is aimed at taking feedback and suggestions from key stakeholders in the formation of the upcoming Union Budget.
The Union Budget is anticipated to be tabled in Parliament in the third week of July.
Ahead of the meeting with the Finance Minister, the industry associations will meet Revenue Secretary Sanjay Malhotra on June 18.
The discussions are expected to cover a broad range of topics, including tax reforms, incentives for various industries, measures to boost economic growth, and policies to support small and medium enterprises (SMEs). This will be the Modi government’s first budget after it assumed office for the third successive term.
Nirmala Sitharman had presented an interim budget on February 1 ahead of the Lok Sabha polls. She has so far presented six budgets in a row and will create a record when she presents the full-fledged budget for the new term of the BJP-led National Democratic Alliance government.
(With ANI inputs)
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