San Francisco Bay Area Indian Community - SFIndian.com
| | | | | | | | | | | |
 


 

Ahead of Union Budget, PM meets key Secretaries


Delhi,Business/Economy,Politics


Author : Indo Asian News Service

Business/Economy Read Latest News and Articles

Share With Your Friends

Add To My Favorite     Add A Picture

Add an Article

View All Contributions

New Delhi, June 18 (IANS) Prime Minister Narendra Modi on Tuesday met the Finance Ministry Secretaries along with Secretaries of few other ministries and Niti Aayog CEO on suggestions and roadmap for the economy and the upcoming Union Budget 2019-2020.

This is the second meeting of the Prime Minister with key Secretaries after taking office for the second term.

According to sources, at the meeting at his official residence, Modi discussed the roadmap for reform in every department. The sources also said that the discussion featured the subject of increase in the revenue mop-up and taking steps to push GDP growth.

The budget to be presented by Finance Minister Nirmala Sitharaman, on July 5, is expected to address issues like the slowing economy, the liquidity crisis in the non-banking financial companies, and the agrarian crisis among others.

Liquidity crisis, which came to light after the IL&FS crisis, has hit the economy hard across segments from trade to real estate.

The Union Budget for the financial year 2019-2020 gains significance as the economy is going through a rough patch with the GDP growth rate declining to 5.8 per cent during the January-March quarter of the financial year 2018-19, from 7.7 per cent on a year-on-year basis.

The employment rate in the country also has hit a 45-year low. Job creation will be a major task for the new government.

--IANS

rrb/sn/vd

Premium Advertiser
Psychic, Spiritual Healing - Astrologer & Spiritual Healer



This is an advertisement



Latest Showbiz News

View More News


More News Articles

Sameera's son 'fascinated' by his newborn sister

Dharmasena admits to 'judgemental error' in World Cup final

#1MonthOfKabirSingh: Kiara gives 'award winning speech'

Ignoring Shubman Gill for Windies tour angers fans

Prasad reveals team wanted Mayank as cover during WC, ignores him for WI