{"id":17497,"date":"2021-02-08T20:06:19","date_gmt":"2021-02-08T14:36:19","guid":{"rendered":"http:\/\/udaen.info\/?p=17497"},"modified":"2021-02-08T20:06:19","modified_gmt":"2021-02-08T14:36:19","slug":"government-follows-minimum-government-maximum-governance-principle-as-presented-in-union-budget-2021-22-finance-minister-smt-nirmala-sitharaman","status":"publish","type":"post","link":"https:\/\/udaen.info\/?p=17497","title":{"rendered":"Government follows \u201cMinimum Government \u2013 Maximum Governance\u201d principle as presented in Union Budget 2021-22: Finance Minister Smt. Nirmala Sitharaman"},"content":{"rendered":"<div class=\"MinistryNameSubhead text-center\">Ministry of Finance<\/div>\n<div class=\"text-center\">\n<h2>Government follows \u201cMinimum Government \u2013 Maximum Governance\u201d principle as presented in Union Budget 2021-22: Finance Minister Smt. Nirmala Sitharaman<br \/>\n<span id=\"ltrSubtitle\"><\/span><\/h2>\n<\/div>\n<div class=\"ReleaseDateSubHeaddateTime text-center pt20\"><\/div>\n<div class=\"pt20\"><\/div>\n<p>The Central Government is governed by the principle of \u201cMinimum Government &#8211; Maximum Governance\u201d and presented the same philosophy through the Union Budget 2021-22 recently. This was stated here today by Union Minister for Finance &amp; Corporate Affairs Smt. Nirmala Sitharaman in a virtual event \u2014 Demystifying Union Budget 2021-22 \u2014 organised by the PHD Chamber of Commerce and Industry.<\/p>\n<p>&nbsp;<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/static.pib.gov.in\/WriteReadData\/userfiles\/image\/image001H6HX.jpg\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>Speaking at the event, Smt. Sitharaman mentioned that the Government has spent big on those areas of activity which gives a big multiplier effect.\u00a0 The Finance Minister stated that the multiplier was the key where the money was going. While acknowledging that the industry has welcomed the steps, Smt. Sitharaman said that the Government believes that welfare is when one empowers people.<\/p>\n<p>According to the Finance Minister, the Government is also taking steps to carefully monitor the fiscal deficit. She mentioned that the\u00a0<em>Mool Mantra<\/em>\u00a0now is that fiscal deficit is something that one cannot escape, but at the same time, it needs to be carefully tackled.<\/p>\n<p>The Finance Minister mentioned that the Government can give stimulus package to revive the economy, however, funding the long term infrastructure financing is the job of the Development Finance Institution (DFI). Smt. Sitharaman said that it is not the job of just one DFI, but it is an opportunity for private DFIs to come into play. With many private DFIs competing, the entire process would become competitive.<\/p>\n<p>Smt. Sitharaman said that the Government has managed to make the Union Budget transparent. There is nothing under wraps or swept under the carpet. Whatever the government is borrowing or spending is open for everyone to see.<\/p>\n<p>&nbsp;<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/static.pib.gov.in\/WriteReadData\/userfiles\/image\/image002S0NR.jpg\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>Earlier, in his opening remarks, Shri. Sanjay Aggarwal, president, PHD Chamber of Commerce and Industry, said that the calibrated fiscal policy adopted by the Government to rejuvenate the economic growth and development in the country with an increased fiscal deficit for the year 2021-22 at 6.8% is highly appreciable. Shri Aggarwal said these measures will help increase the funds for infrastructural investment in the country and will, in turn, provide a multiplier effect as stated by the Finance Minister to boost demand and rejuvenate the overall economic growth trajectory.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ministry of Finance Government follows \u201cMinimum Government \u2013 Maximum Governance\u201d principle as presented in Union Budget 2021-22: Finance Minister Smt. Nirmala Sitharaman The Central Government is governed by the principle of \u201cMinimum Government &#8211; Maximum Governance\u201d and presented the same philosophy through the Union Budget 2021-22 recently. This was stated here today by Union Minister [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_monsterinsights_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[1],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/udaen.info\/index.php?rest_route=\/wp\/v2\/posts\/17497"}],"collection":[{"href":"https:\/\/udaen.info\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/udaen.info\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/udaen.info\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/udaen.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17497"}],"version-history":[{"count":1,"href":"https:\/\/udaen.info\/index.php?rest_route=\/wp\/v2\/posts\/17497\/revisions"}],"predecessor-version":[{"id":17498,"href":"https:\/\/udaen.info\/index.php?rest_route=\/wp\/v2\/posts\/17497\/revisions\/17498"}],"wp:attachment":[{"href":"https:\/\/udaen.info\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/udaen.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/udaen.info\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}