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Sitharaman holds pre-Budget consultation with industry, trade representatives

ANI  |  Politics 

on Tuesday started her pre-Budget consultations here with different stakeholder groups in connection with the forthcoming 2019-20.

After her first meeting with the stakeholder groups from agriculture and rural development sectors, Sitharaman met with representatives from industry, trade and services sectors in the second meeting.

In her opening remarks, Sitharaman said that the central government has taken several industry specific initiatives since 2014 that had significantly improved the overall business environment, read a statement from the ministry.

She said that the emphasis was given to simplification and rationalisation of the existing rules and introduction of to make governance more efficient and effective. As a result, the said that has considerably improved its ranking to 77th position among 190 countries and has kept 23 ranks over its rank of 100 in the Doing Business Report 2018 as per the Doing Business (DB) Report, 2019, the statement from the ministry added.

Sitharaman also mentioned that since 24 per cent of the total work force in is in the industrial sector, in order to reap the benefits of demographic dividend, industry should be able to accommodate more work force.

The meeting was also attended by Anurag Thakur, Minister of State for Finance and Corporate Affairs, Subhash C Garg, Finance Secretary, Girish Chandra Murmu, Expenditure Secretary, Ajay Narayan Pandey, Revenue Secretary, Rajeev Kumar, Secretary, DFS, Atanu Chakraborty, Secretary, DIPAM, Yogendra Tripathi, Secretary, Ministry of Tourism, Amit Khare, Secretary, Ministry of Information and Broadcasting, Ramesh Abhishek, Secretary, Department for Promotion of Industry and Internal Trade, Anup Wadhawan, Secretary, Department of Commerce, Ministry of Commerce and Industry, Pramod Chandra Mody, Chairman, CBDT, PK Das, Chairman, CBIC, KV Subramanian, CEA and other senior officials of the

With a view to give boost to the Indian economy, the representatives of industry, services and trade sectors submitted several suggestions concerning industrial sector, land reforms, special economic zones, industrial policy, investment in research and development, simplification of tax regimes, tapping potential in tourism sector, Foreign Direct Investment (FDI), Goods and Services Tax (GST), Capital Gains Tax, Corporate Tax, MSME Sector, e-commerce, skill development, education and healthcare sectors, start-ups, media and entertainment sector and

Representatives of industry, services and trade sectors included Vikram S Kirloskar, President, (CII), Balkrishan Goenka, President, ASSOCHAM, Sandip Somany, President, FICCI, Pramod Agrawal, chairman, & Jewellery Export Promotion Council, Animesh Saxena, president, & Medium Enterprises (FISME), Ajit Kumar, Director, Hinduja Group, Rajni Aggarwal, President, Federation of Indian Women Entrepreneurs (FIWE), Panaruna Aqeel Ahmed, Chairman, Council for Leather Exports, Florence Shoe Co. Pvt. Ltd, Rahul Bothra, CFO, Swiggy, Bundl Technologies Pvt. Ltd, Ajay Sahai, General and CEO, Federation of Indian Export Organisations, Raj Nair, President, and Industry, Gopal Srinivasan, Chairman, TVS Capital Fund Pvt. Ltd, PR Venketrama Raja, Vice Chairman, MD and CEO, Ramco Systems, Sachin Taparia, and CEO, local Circles Pvt Ltd.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, June 11 2019. 18:30 IST