Printer Friendly

Finance Ministry Consultative Committee suggests a 'practical and visionary' budget.

New Delhi, Feb. 4 ( ANI ): The Consultative Committee attached to the Ministry of Finance on Monday suggested the Finance Minister P. Chidambaram to prepare a practical, reasonable and visionary budget for the upcoming Budget Session of Parliament.

The pre-budget consultation meeting held today under the Chairmanship of the Finance Minister in which the members of the committee said that budget should give incentive for job creation, growth oriented and give recognition to young entrepreneurs and innovators.

The committee also suggested that the budget should focus on water conservation and urban renewable by tackling both environmental and physical degradation in this area.

Some members focused on the incentives for the youth stating that home loans may be provided at cheaper rate of interest for the youth up to the age of 35 years and scope of MGNREGA be expanded to include creation of human assets along with physical assets in the rural areas.

Some of them suggested giving incentives to small agro based and food processing industries in rural areas to create more employment opportunities for rural people, which would help in tackling the problem of migration from rural to urban areas.

Certain members suggested for focusing on providing of drinking water facilities, tackling of garbage problem and sewerage related issues and providing basic facilities of health and education in rural areas.

Suggestion were also made to broad base the tax network, to minimize centrally sponsored schemes and focus on quality control and enforcement of those central schemes which are 100 percent funded by the Central Government.

Along with Chidambaram, both the Minister of State for Finance S.S. Palanimanickam and Namo Narain Meena and Adviser to the Finance Minister, Parthasarthy Shome were present at the meeting. ( ANI )


Copyright 2013 All rights reserved.

Provided by an company
COPYRIGHT 2013 Al Bawaba (Middle East) Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2013 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Asian News International
Date:Feb 4, 2013
Previous Article:Shatrughan Sinha defies BJP President's gag order to avoid commenting on PM candidate.
Next Article:AIFD delegation calls on Vice President Hamid Ansari.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters