FM holds first pre-budget consultation

FM holds first pre-budget consultation

Agency News

New Delhi, June 11: Union Finance and Corporate Affairs Minister Nirmala Sitharaman started her Pre-Budget Consultations with different stakeholder Groups in connection with the forthcoming General Budget 2019-20 here on Tuesday.

In her opening remarks, the Finance Minister focussed on the measures to boost Economic and Social Infrastructure of Rural Sector and ways to eradicate unemployment and poverty through development of Agriculture and Allied Sectors as well as Non-Farm Sector.

She said that the concerns of Agriculture Sector are high on the priority of the present Government. Sitharaman stressed on the representation of the different regions of the country so that their specific needs relating to these sectors can also be considered.

The Finance Minister said, 'The Ministry will also hold broad based consultations with different stakeholders from fisheries sector to bring about blue revolution by optimally using our maritime resources.'

The Minister also stressed upon encouraging startups which can remove the segmentation in agriculture market and help in providing remunerative markets for agriculture products and supplying it to the final consumers at reasonable prices. The main areas of discussion during the meeting included agriculture research and extension services, rural development, non-farm sector, horticulture, food processing, animal husbandry, fisheries and startups in the agricultural sector.

The meeting was attended by Minister of State for Finance and Corporate Affairs Anurag Thakur, NITI Aayog Member Dr Ramesh Chandra, Finance Secretary Subhash C Garg, Expenditure Secretary Girish Chandra Murmu and Revenue Secretary Ajay Narayan Pandey among others. (UNI)