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FM Asks Captains of Indian Trade and Industry to come forward and make increased Private Investment especially in Infrastructure Sector ;

News and Press Release - Dated:- 28-11-2016 - Holds his Fourth Pre-Budget Consultative Meeting for the Union Budget 2017-18 with the representatives of Indian Trade and Industry Associations/Groups in Delhi. The Union Finance Minister Shri Arun Jaitley said that in the First Half of the Current Financial Year 2016-17, the Indian Economy has achieved robust growth rate despite volatility and uncertainty in global economy. He said that this was made possible by a slew of policy measures undertaken .....

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ng especially in infrastructure sector. He said that the Government has taken many steps to improve governance by bringing in transparency and efficiency through systematic changes. Shri Jaitley said that the present Government has given greater thrust on fiscal federalism and improving business environment through reforms in policies and regulation among others. Shri Jaitley said that strong macro and micro economic indicators including fiscal fundamentals and follow of fiscal discipline presen .....

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d social sector. Other suggestions include higher investment in irrigation and rural infrastructure sector as this will increase the spending capacity of the rural people which in turn will create demand for various items and increased economic activity. Other suggestions included focus on skill development by focussing more resources on training of trainers Programmes. Other suggestions include tax concession to both individual tax payer and Corporate Sector. Minimum exemption limit in case of .....

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n by blocking the amount of cheque in the drawer s account and making amendments in Sec 138 of Negotiable Instruments Act for heavy penalty in case of bouncing of cheques. Other suggestions include measures be taken to revive private sector investment especially in infrastructure sector. Suggestion was made to give infrastructure status to Broadcasting Sector. Another suggestion was to give incentives to promote women entrepreneurs. Along with the Finance Minister Shri Jaitley, the Pre-Budget Co .....

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