NE BUSINESS BUREAU
NEW DELHI, DEC 30
Union Finance Minister Nirmala Sitharaman chaired a pre-budget consultation meeting with finance ministers of states and union territories (UTs) for the upcoming Union Budget 2022-23 on Thursday. The meeting, held at Delhi’s Vigyan Bhawan was also attended by several chief ministers who hold finance portfolios in their respective states.
Along with the FM, Minister of State for Finance Shri @DrBhagwatKarad; Finance Secretary, Dr T.V. Somanathan; Secretary, DEA, Shri Ajay Seth and Secretary, DFS, Shri @DebasishPanda87; besides senior officials of @FinMinIndia also attending the meeting. (2/2)
— Ministry of Finance (@FinMinIndia) December 30, 2021
Chhattisgarh CM Bhupesh Baghel and Haryana CM Manohar Lal Khattar, Lieutenant Governor of Jammu & Kashmir Manoj Sinha also attended the meeting.
Along with the FM Sitharaman, MoS Finance Dr Bhagwat Karad, Finance Secretary Dr TV Somanathan, DEA Secretary Shri Ajay Seth and DFS Secretary Debasish Panda were also present at the meeting, besides other senior officials of the Finance ministry.
டெல்லியில் மாண்புமிகு ஒன்றிய நிதியமைச்சர் @nsitharaman அவர்களின் தலைமையில் நடைபெற்ற மாநில நிதி அமைச்சர்களுடனான 2022-23 நிதிநிலை அறிக்கைக்கு முந்தைய கூட்டத்தில் மாண்புமிகு தமிழ்நாடு நிதியமைச்சர் @ptrmadurai கலந்துகொண்டு உரையாற்றினார்.
உரையின் இணைப்பு: https://t.co/ST8MZsB9gF pic.twitter.com/YhmPXT7zsi
— Office of PTR (@OfficeOfPTR) December 30, 2021
The Budget 2022-23 is likely to be presented on February 1 during the first half of Parliament’s Budget session which usually begins in the last week of January every year.
FM Nirmala Sitharaman has held meetings with stakeholders of industries, financial sectors players, labour unions, agriculturists, and leading economists during which suggestions were made about rationalization of income tax slabs, infrastructure status for digital services, and incentives to hydrogen storage. Eight such meetings were held between December 15 and December 22, as per the finance ministry statement issued last week.
The 2022 Budget will be the fourth Union Budget of the Modi 2.0 government and FM Sitharaman. The Budget would come against the backdrop of gradual recovery taking place in the Indian economy hit by the COVID-19 pandemic. The growth this fiscal year is expected to be double-digit. The RBI in its latest bi-monthly monetary policy review pegged a GDP growth of 9.5 per cent in 2021-22. The government has projected a fiscal deficit of 6.8 per cent of the gross domestic product (GDP).