Union Minister Nirmala Sitharaman lights the ceremonial lamp during an interactive
session on the Union Budget in Kolkata on Sunday. (PTI)
UNION Finance Minister Nirmala Sitharaman on Sunday said that the Government wants continuous engagement with industries and businesses and will act as a facilitator for hassle-free payments of taxes. She was interacting with the members of trade and industries here, a week after presenting the Union Budget for 2020-21 in Parliament on February 1. “The broad message which is apparent 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,” Sitharaman said.
She said the Centre has introduced some features in the budget like “faceless appeals and sorting out of problems while imparting tax administration”. Sitharaman said this will be made possible only with the help of new technology. “Over the years, we had to remove all the dead wood gathered with a pincer. This will help the Government to fulfill its commitments made in the Budget,” she said. Referring to issues relating to GST, the Finance Minister said it is not the Centre to initiate steps for reduction of rates, the State Ministers should also represent cases so that a synergy could be built. Budget has laid foundation for $5 tn economy: Sitharaman: FINANCE Minister Nirmala Sitharaman on Sunday said the latest Union Budget has laid the foundation for increasing consumption and building assets such as in infrastructure to lead towards building a $5 trillion economy.
“I think we have laid the foundation for increasing consumption, ensuring that capex and government’s investment will go towards building of assets, such assets as in infrastructure, which is sure to have a cascading effect, both in the short term and in the long term. “And with that, the virtuous cycle of triggering the economy to perform and move forward will be happening, that is the basis on which majority of government expenditure is going towards infrastructure construction,” Sitharaman told the media here.