Finance Minister Nirmala Sitharaman will meet industry leaders during her two-day visit to Mumbai
Finance Minister Nirmala Sitharaman will meet stakeholders from Maharashtra during her two-day visit to Mumbai starting tomorrow (February 21) in a post-budget interaction.
In a tweet by the finance ministry, it was announced that Ms. Sitharaman will be in Mumbai from February 21-22. She will hold discussions with representatives from industry and commerce, who submit major taxes and selected professionals, the tweet said.
Union Finance Minister @nsitharaman will be visiting Mumbai from 21st to 22nd February
FM will host a post-# Budget 2022 interact with stakeholders from Maharashtra, of industry and commerce, major taxpayers and selected professionals
Watch LIVE from 10:30 AM
– Ministry of Finance (@FinMinIndia) February 20, 2022
Earlier, on February 14, the finance minister met the board of the Reserve Bank of India (RBI) in New Delhi and in her speech she outlined the thinking behind the budget and government priorities.
This year’s budget, presented on February 1, estimates nominal gross domestic product (GDP) growth at 11.1%. The government expects this growth to be fueled by a major capital expenditure program outlined in the Budget that aims to attract private investment by revitalizing economic activity and creating demand.
Ms. Sitharaman increased the capex by 35.4% for 2022-23 to Rs 7.5 lakh to further the investment-led pandemic-hit economy recovery. This year’s investment is pegged at Rs 5.5 lakh crore.
