Finance Minister Nirmala Sitharaman to meet industry leaders during her two-day visit to Mumbai
Finance Minister Nirmala Sitharaman will meet stakeholders from Maharashtra in the post-Budget talks during her two-day visit to Mumbai starting tomorrow (February 21).
In a tweet by the Ministry of Finance, it was told that Ms Sitharaman will be in Mumbai from February 21 to 22. She will hold discussions with industry and trade representatives, large taxpayers and select professionals, the tweet said.
Union Finance Minister @nsitharaman Visiting Mumbai during 21 – 22 February
FM will hold a post-#Budget2022 Interaction with industry and trade stakeholders, large taxpayers and select professionals from Maharashtra
Watch Live from 10.30 am
— Ministry of Finance (@FinMinIndia) February 20, 2022
Earlier on February 14, the Finance Minister had met the board of the Reserve Bank of India (RBI) in New Delhi and in his address outlined the thinking behind the budget and the priorities of the government.
This year’s budget, presented on February 1, has projected nominal gross domestic product (GDP) growth of 11.1 per cent. The government expects this growth to be fueled by the massive capital expenditure program outlined in the budget with a view to boosting economic activity and crowdfunding private investment by creating demand.
Ms Sitharaman has raised capex by 35.4 per cent to Rs 7.5 lakh crore for 2022-23 to continue the public investment-led recovery of the pandemic-battered economy. The capital expenditure this year is estimated to be Rs 5.5 lakh crore.
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