Union Finance Minister Nirmala Sitharaman This week, she will hold pre-budget discussions with industry and farmers’ associations and state finance ministers. Let us tell you, after the formation of the new government, the full budget for the financial year 2024-25 is to be presented at the end of July. According to the information, the Finance Minister may hold a meeting with Indian companies on Thursday. Apart from this, a meeting with farmers’ associations and economists can be held on Friday. Senior officials said that a lot of work related to the budget has been completed under the 100-day agenda of the government.
Meeting with state finance ministers on Saturday
Apart from this, a meeting with the finance ministers of the states on the budget can be held by Sitharaman in New Delhi on Saturday. The central government is running 108 centrally funded schemes with the help of the governments of the states and union territories. Their estimated budget is Rs 5.01 lakh crore in the financial year 2024-25, which was Rs 4.76 lakh crore in the financial year 2023-24.
Will meet the farmers association and know the problem
After discussions with the industry and farmers’ bodies, the government will get more information about the problems and can easily find solutions to them. The upcoming budget is expected to give priority to agriculture and rural development. Also, self-help groups will be further empowered with schemes like Lakhpati Didi. In the new government, Nirmala Sitharaman has been re-appointed as the Finance Minister, which shows that there will be continuity in the policies of the government.
The economy performed well
The economy has performed very well under the leadership of Finance Minister Nirmala Sitharaman. The GDP growth rate between FY 2023-24 is 8.2 percent, which is the highest among all the major economies of the world. Apart from this, there has been success in controlling inflation and the inflation rate in May 2024 was 4.75 percent. Under the leadership of the Finance Minister, the fiscal deficit, which was 9 percent of GDP in 2020-21, is now estimated to be reduced to 5.1 percent in FY 2024-25. This shows that the Indian economy is getting stronger. India’s sovereign rating has been increased from stable to positive by S&P Global Ratings.
Input: IANS
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