Govt for continuous engagement with industry, business: FM


Kolkata, Feb 9 (IANS): The NDA government is in favour of a continuous engagement with the industry and business, Union Finance Minister Nirmala Sitharaman said here on Sunday.

Interacting with trade and industry representatives, she said the budget presented by her in Lok Sabha on February 1 had several features related to the tax administration like faceless appeals which would become a reality with the aid of new technology.

"The broad message apparent (in the budget) is that the government wants continuous engagement with industry and business. And my presence here is not in response to what is happening inside (country) and outside," the minister said.

Sitharaman said the government was ready to set up ATMs in tea-growing regions.

"I know the number of ATMs is minuscule in the tea-growing regions. The government is ready to set up such facilities in these areas," she said responding to a query from Tea Board chairman P.K. Bezbaruah, about the problem of cashless wage payments in such regions of Assam and West Bengal due to the paucity of ATMs.

  

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Comment on this article

  • Mangalurian, Mangaluru

    Mon, Feb 10 2020

    Fair enough.

    But the problem in any recession is not at the supply-side, but at the demand-side.

    Once people are very careful with their spending (as they might fear losing a job), the downward spiral has begun.

    The current Central Government - unwisely - put all its focus on the supply-side: the big business-houses.

    It is not going to be easy to reverse a recessionary condition.

    DisAgree Agree [4] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Sun, Feb 09 2020

    India's GDP is already 4.5 % ...

    DisAgree [1] Agree [6] Reply Report Abuse


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