Pre-Budget consultations: Finance minister set to meet service and trade sector experts

Ahead of the 2022-23 Union Budget of India, Finance Minister Nirmala Sitharaman on Friday will hold a series of pre-budget consultations with stakeholders from various industries in two sessions. While the first session will have the union minister interacting with representatives from the services and trade sector, the next session will be with experts from industry, infrastructure, and climate change.

According to officials familiar with the matter, the meetings will be held in a virtual format in the national capital Delhi and will focus on various aspects of the forthcoming general budget 2022-23, which is to be unveiled by the central government on February 1, 2022.

“Union finance minister Nirmala Sitharaman will chair pre-budget consultations with stakeholders from various sectors in 2 sessions tomorrow, December 17, 2021, in New Delhi in connection with the forthcoming General Budget 2022-23,” said the finance ministry in a tweet on Thursday. “The meetings are being held virtually.”

“FM Nirmala Sitharaman will be holding consultations with representatives of Services and Trade sector in forenoon; and with 2nd group of experts from Industry, Infrastructure and Climate Change in the afternoon,” it added.

Presenting the Union Budget, the annual financial report of India, is a compulsory task of the central government as it provides an estimate of the income and expenditure of the central government on a periodical basis. The Budget next year would come against the backdrop of gradual recovery taking place in the economy hit by the coronavirus disease (Covid-19) pandemic.

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