The process of consultation is complete, Finance Minister Sitharaman will present the budget on July 23

New Delhi. Finance Minister Nirmala Sitharaman has completed consultations with various stakeholders, including representatives of the industry and social sector, as part of the budget preparation process. Sitharaman will present her seventh budget on July 23. This will be the first full budget of the Narendra Modi 3.0 government. This budget will pave the way for a ‘developed India’ by 2047. Last month, President Draupadi Murmu, while addressing the joint session of Parliament, said that many historic steps and major economic decisions will be taken in the upcoming budget session.

In his first address to the joint session of Parliament after the formation of the 18th Lok Sabha, the President had said, “This budget will be an effective document of the far-reaching policies and forward-looking vision of the government.” He had said that along with major economic and social decisions, many historic steps will also be seen in this budget. The Finance Ministry said in a statement that the pre-budget consultation for the General Budget 2024-25 started on June 19 and ended on July 5, 2024.

More than 120 people from 10 stakeholder groups participated in the consultations. These included experts and representatives from trade organizations, education and health sector, employment and skills, micro small and medium enterprises (MSMEs), trade and services, industry, financial sector and capital markets and infrastructure, energy and urban sector, besides farmer associations and agricultural economists.

These meetings, chaired by the Finance Minister, were attended by Minister of State for Finance Pankaj Choudhary, Finance Secretary and Expenditure Secretary T V Somanathan, Economic Affairs Secretary Ajay Seth, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin K Pandey, Financial Services Secretary Vivek Joshi and Revenue Secretary Sanjay Malhotra, among others.

Disclaimer: CricketInFocus has not edited this news. This news has been published from PTI-language feed.

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