(LiveMint)
Ahead of Union Budget 2020-21, Finance Minister Nirmala Sitharaman started her first pre-Budget consultation exercise today. Sitharaman held a meeting with various stakeholders representing different sectors to seek inputs from them. Sitharaman is likely to present her second Budget on February 1. According to a report the pre-Budget consultations will continue till December 23.
Sitharaman met stakeholder groups of ‘New Economy: Start-ups, Fintech and Digital Sector’ in the morning. A meeting with financial sector and capital market representatives is scheduled later today. A host of topics like ease of doing business, regulatory environment impacting private investment are likely to be discussed in the meeting.
Along with the Nirmala Sitharaman, Minister of State for Finance Anurag Thakur, Finance Secretary Rajiv Kumar, Chief Economic Adviser Krishnamurthy Subramanian also attended the meeting. In the meeting, industry leaders shared their views and suggestions on rationalisation of MAT tax rate, tax exemption for start-up units, etc.
