Left Menu
Development News Edition

Thakur breaks away from tradition, takes suggestions first

Thakur breaks away from tradition, takes suggestions first

Breaking away from tradition, Union minister Anurag Singh Thakur on Thursday first took suggestions and questions at a meeting, and then delivered his speech, assuring city chambers of government measures to put the economy back on track. The act by the Union minister of state for finance and corporate affairs came as a surprise to several members of the city-based chambers, who attended the pre-budget meet.

"Ministers normally first deliver their speech, then take questions and suggestions. But, Thakur is unique. He first listened to us before delivering his speech," Narayan Jain, a member of the Calcutta Chamber of Commerce, said. This was corroborated by a few others who expressed hope that the Centre would listen to their pleas at a time when the economy is going through a down-turn.

The 44-year-old won accolades earlier this week when a photograph showing the BJP MP travelling on a passenger bus from Himachal Pradesh to Delhi went viral on social media. During his interaction with the Merchants Chamber of Commerce, Bharat Chamber of Commerce and Calcutta Chamber of Commerce and two other professional association members, he assured them that the government has initiated actions to put the economy back on track.

"The government is taking various steps to increase demand and consumption. We have taken various steps in the past and will continue to do so in the coming days as well. You wait and see the upcoming Budget. That is why we are here for a consultation process," Thakur said.

Bank credit growth, which has remained subdued due to poor demand, is also likely to start picking up in the coming quarters, he said. "They are in a position to lend more after recpatalisation.... There will be better credit availability and more demand in the coming months," he pointed out.

Highlighting achievements of the Narendra Modi government, Thakur said though there are apprehensions, USD 5 trillion economy by 2025 is achievable. "This government had achieved its targets in the past and it will do so (in future) with support of all," he said.

The minister said the government will consider the demand for setting up an Appellate bench of the National Company Law Tribunal in the city, when a decision on the expansion of such benches is made. Thakur said the ministry of corporate affairs was considering to de-criminalise over 40 offences related to violations under the Companies Act.

According to reports, the matter is expected to be considered by the Cabinet soon..

(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.



SDG2030: Challenges of technological applications in advancing Global Goals

Application of contemporary and future information technologies may go milestones in advancing sustainable development goals SDGs provided the challenges are overcome and implementation is ensured....

Sustainable Fashion: UNDP wants you to wear properly to reduce Global Warming 

The experts have estimated that the amount of water used to prepare one pair of jeans and a T shirt is sufficient for a person to drink for 13 years....

World Economic Forum suggests 8 Education Models for Future Schools

In a report released on January 14, the World Economic Forum WEF has also picked two examples for each model from throughout the world. The WEF has emphasized that these schools systems would be crucial for Forth Industrial Revolution.&#160...

Bitterness before US-China Trade Deal on Wednesday

Both the superpowers are going to sign Phase 1 of the US-China Trade Deal on Wednesday. The stock markets are hovering on all time high but the questions are being raised on sustainability of the deal as spat continue between them on severa...


Latest News

WHO urges to accelerate efforts to fulfill commitments to achieve UHC

With 10 years remaining until 2030, the World Health Organization WHO is calling on all countries to accelerate efforts to fulfill their commitments to achieve universal health coverage UHC and the other health-related targets in the Sustai...

FACTBOX-Trump impeachment: What happens next?

Jan 17 Reuters - The White House on Friday named members of U.S. President Trumps defense team for his impeachment trial, which will begin in earnest next week. Here is what to look out for next as the proceedings advance.Jan. 18 If the D...

Soccer-Premier League refs told to use pitchside monitors for red cards

Premier League referees are being instructed by the PGMOL, the body responsible for elite match officials in the English game, to make more use of pitchside monitors for red card decisions.Since the introduction of Video Assistant Referee V...

RIL posts highest ever quarterly profit of Rs 11,640 crore in Q3

Reliance Industries Limited RIL on Friday said to have posted the net profit of Rs 11,640 crore, the highest quarterly profit ever, in the third quarter of the current financial year. RIL had registered the net profit of Rs 10,251 crore in ...

Give Feedback