Narendra Modi likely to meet finance ministry department officials on 20 June, plans to discuss roadmap for growth

Ahead of the Budget, Prime Minister Narendra Modi is likely to meet all five departments of the finance ministry on 20 June to discuss the road map for boosting country's growth and generating jobs.

Press Trust of India June 14, 2019 19:37:51 IST
Narendra Modi likely to meet finance ministry department officials on 20 June, plans to discuss roadmap for growth
  • Ahead of the Budget, Prime Minister Narendra Modi is likely to meet all five departments of the finance ministry to discuss the road map for boosting country's growth

  • According to sources, the GST Council's meeting scheduled for 20 June 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

New Delhi: Ahead of the Budget, Prime Minister Narendra Modi is likely to meet all five departments of the finance ministry on 20 June to discuss the road map for boosting country's growth and generating jobs.

According to sources, the GST Council's meeting scheduled for 20 June has been deferred by a day in view of the premier's meeting.

Narendra Modi likely to meet finance ministry department officials on 20 June plans to discuss roadmap for growth

Narendra Modi speaking at a session with cabinet secretaries of various ministries on Monday. ANI

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 percent 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 5 July.

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 Department of Investment and Public Asset Management.

While Department of Economic Affairs is likely to give a presentation on the state of economy, including growth, employment generation and inflation, Department of Revenue is likely to highlight steps taken to increase tax base, improve compliance, and road ahead for 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 NBFC sector, banks and financial institutions. The Department of Investment and Public Asset Management is likely to list the CPSEs which can go for disinvestment and strategic sale in the current fiscal.

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

India to host third edition of two-plus-two talks with US on 27 October, says MEA
India

India to host third edition of two-plus-two talks with US on 27 October, says MEA

Secretary of State Michael Pompeo and defence secretary Mark T Esper will represent the US while the Indian side will be represented by external affairs minister S Jaishankar and defence minister Rajnath Singh

Union Cabinet approves Rs 5,718 crore World Bank-aided STARS project to boost school education system
India

Union Cabinet approves Rs 5,718 crore World Bank-aided STARS project to boost school education system

The project seeks to support six states — Himachal Pradesh, Rajasthan, Maharashtra, Madhya Pradesh, Kerala and Odisha — in strengthening the school education system as per the new National Education Policy 2020

Congress demands BS Yediyurappa's resignation over corruption allegations against kin, seeks judicial probe
Politics

Congress demands BS Yediyurappa's resignation over corruption allegations against kin, seeks judicial probe

Citing media reports, Congress spokesperson Abhishek Singhvi on Sunday alleged that the BJP government in Karnataka is "engulfed in the clutches of corruption with dented, tainted leaders ruling the roost"