Nirmala Sitharaman Kicks Off Pre-budget Consultations The finance minister chaired the meeting with group of captains from industries and experts in the field of infrastructure and climate change

By Shrabona Ghosh

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Twitter handle of ministry of finance

Union finance minister Nirmala Sitharaman chaired her second pre-Budget consultations with the second group of captains from industries and experts in the field of infrastructure and climate change in New Delhi on Monday.

"Union Finance Minister Smt. @nsitharaman chairs her 2nd #PreBudget2023 consultation with the second group of captains from Industry & experts of #Infrastructure and #ClimateChange, in New Delhi, today. (1/2)," tweeted the ministry of finance.

The meeting was attended by minister of state finance Pankaj Chaudhary and Bhagwat Kishanrao Karad; finance secretary TV Somanathan, secretaries of DEA, chief economic advisor Anantha Nageswaran, among others.

The budget for 2023-24 is likely to be tabled on February 1. "The Budget should focus on measures to accelerate job creation and broaden the tax base by rationalizing GST and personal income tax slabs to boost consumption, industry bodies said in their pre-Budget meeting with the finance minister," stated a report.

"The external scenario is likely to continue to be unfavourable for some time. Hence, we must broad-base our domestic economy by creating new sectors of growth and driving employment generation to boost domestic demand, inclusion, and growth," CII president Sanjiv Bajaj said, added the report. The Confederation of Indian Industry (CII) was part of the virtual pre-Budget meeting.
Shrabona Ghosh

Senior Correspondent

I write on corporates and lead a project called 'Corporate Innovations', wherein I cover large enterprises across technology, auto, FMCG and avaition. I engage in CEO dialogues and run my podcast series: The Big Bosses. You can reach out to me at gshrabona@entrepreneurindia.com

Most Popular

See all
Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

By Eve Gumpel
Branding

Creating a Brand: How To Build a Brand From Scratch

Every business needs good branding to succeed. Discover the basics and key tips to building a successful brand in this detailed guide.

By John Williams
Innovation

It's Time to Rethink Research and Development. Here's What Must Change.

R&D can't live in a lab anymore. Today's leaders fuse science, strategy, sustainability and people to turn discovery into real-world value.

By Anantha Desikan
Marketing

How to Better Manage Your Sales Process

Get your priorities in order, and watch sales roll in.

By Tony Parinello
Business News

AI Agents Can Help Businesses Be '10 Times More Productive,' According to a Nvidia VP. Here's What They Are and How Much They Cost.

In a new interview with Entrepreneur, Nvidia's Vice President of AI Software, Kari Briski, explains how AI agents will "transform" the way we work — and sooner than you think.

By Sherin Shibu
Starting a Business

Passion-Driven vs. Purpose-Driven Businesses — What's the Difference, and Why Does It Matter?

Passion and purpose are both powerful forces in entrepreneurship, but they are not the same.

By Athalia Monae