Left Menu
Development News Edition

PM likely to meet FinMin officials on June 20, to discuss road map for boosting growth

PTI | New Delhi | Updated: 14-06-2019 18:00 IST | Created: 14-06-2019 17:59 IST
PM likely to meet FinMin officials on June 20, to discuss road map for boosting growth
Image Credit: Twitter (@narendramodi)

Ahead of the Budget, Prime Minister Narendra Modi is likely to meet all five departments of the finance ministry on June 20 to discuss road map for boosting the country's growth and generating jobs. According to sources, the GST Council's meeting scheduled for June 20 has been deferred by a day in view of the premier's meeting.

Modi is likely to discuss the road map for every department and the agenda for increasing revenue mop-up and taking reform steps to push GDP growth which has slipped to a 5-year low of 6.8 per cent in 2018-19. The meeting comes at a time when the finance ministry is in the process of finalising the 2019-20 Budget, which will be unveiled by Finance Minister Nirmala Sitharaman on July 5.

Among other issues, the 100-day agenda for the Modi 2.0 government would come up for discussion. In April, the Prime Minister's Office had asked all ministries to prepare agenda for the new government. The five departments under the ministry are Economic Affairs, Revenue, Expenditure, Financial Services and DIPAM.

While Department of Economic Affairs is likely to give a presentation on the state of the economy, including growth, employment generation and inflation, Department of Revenue is likely to highlight steps taken to increase the tax base, improve compliance, and the road ahead for Goods and Services Tax (GST). The Expenditure Department will talk about savings on account of Direct Benefit Transfer (DBT) and showcase allocations to various schemes and programmes of the government and steps taken to ensure that money is spent for the earmarked purposes.

Financial Services department on its part will talk about liquidity issues and the problems being faced by the NBFC sector, banks and financial institutions. The Department of Investment and Public Asset Management (DIPAM) is likely to list the CPSEs which can go for disinvestment and strategic sale in the current fiscal.

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

Download The Devdiscourse News App for Latest News.


TRENDING

OPINION / BLOG / INTERVIEW

Education post-coronavirus: Schools to rush for more digitalization

Digital education would undoubtedly boom in the post-coronavirus world, supported by educational institutions that have discovered its efficiency during the crisis, but it is still not expected to outshine traditional classroom learning....

Public health care post-COVID 19 to go for revamping, not rebooting

Until now, the economies used to classify healthcare sector under social expenditure. However, the devastation caused by COVID 19 pandemic has upgraded public healthcare on topmost priority and core economic activity for controlling future ...

Coronavirus lockdowns to speed up long-pending revamping of supply chains

With millions of production lines impacted, business disruptions to some extent are unavoidable and the lessons learned from this turbulence will leave an everlasting impact on both global and local levels of supply chains....

COVID 19 to catalyze the redefinition of urban planning and sustainability

Until now the urban planning was focused on mitigation to natural disastrous, climate change, pollution, chronic illness and lifestyle diseases. However, the global pandemic of novel coronavirus is going to change the whole narrative of urb...

Videos

Latest News

Syria reports first death from coronavirus

Syrias health ministry said on Sunday that a woman who died after being rushed to hospital for emergency treatment was found to have been infected by coronavirus in the first officially reported death from the disease.Syria also said its co...

Smriti Irani sends over 100 food grain packets to Amethi

More than 100 packets containing essential edible items were distributed in different parts of Amethi on Sunday. The packets were sent by local MP Smriti Irani, who is also the Union Minister for Women and Child Development, and distributed...

Paris Eternal's 'Smex' recovering from coronavirus

Eoghan Smex ONeill, the off-tank for the Paris Eternal, announced on social media that he is recovering from the coronavirus. He is believed to be the first Overwatch League player to announce a COVID-19 diagnosis.Smex, a 21-year-old Brit, ...

Plane catches fire at Manila airport; all 8 aboard killed

A plane carrying eight people, including an American and a Canadian, burst into flames Sunday while attempting to take off from Manilas airport on a flight bound for Japan, killing all those on board, officials said. The plane, which was ca...

Give Feedback