{"id":8266,"date":"2019-12-17T05:51:51","date_gmt":"2019-12-17T00:21:51","guid":{"rendered":"http:\/\/udaen.info\/?p=8266"},"modified":"2019-12-17T05:51:51","modified_gmt":"2019-12-17T00:21:51","slug":"fms-pre-budget-talks-with-stakeholders-to-begin","status":"publish","type":"post","link":"https:\/\/udaen.info\/?p=8266","title":{"rendered":"FM\u2019s pre-budget talks with stakeholders to begin\u00a0"},"content":{"rendered":"<p><strong>FM\u2019s pre-budget talks with stakeholders to begin\u00a0<\/strong><\/p>\n<p><strong>\u201cOver next few days, FM will meet stakeholder groups from start-ups, fintech and digital, financial sector, capital markets, industry, services and trade, agriculture and agro processing, social sector, water and sanitation, trade union and labour&#8230;<\/strong><\/p>\n<p>New Delhi: Finance minister Nirmala Sitharaman will begin pre-Budget consultations with stakeholder groups from Monday, kicking off representations from across sectors in the run-up to the presentation of the Union Budget on February 1.<\/p>\n<p>The discussions assume significance as the government is looking at solutions for reviving the economy, even as the finance ministry has taken multiple steps to boost domestic consumption and attract more foreign investment.<\/p>\n<p>\u201cOver next few days, FM will meet stakeholder groups from start-ups, fintech and digital, financial sector, capital markets, industry, services and trade, agriculture and agro processing, social sector, water and sanitation, trade union and labour organisations, ind\u00a0..<\/p>\n<p>Over next few days, FM will meet stakeholder groups from start-ups, fintech and digital, financial sector, capital markets, industry, services and trade, agriculture and agro processing, social sector, water and sanitation, trade union and labour organisations, industrialists, infrastructure, energy and economists,\u201d the finance ministry said in a statement on Sunday.<\/p>\n<p>The first set of discussions, according to people aware of the matter, will be held with representatives of the \u2018new economy\u2019 including startups, fintech and digital industries, on using big data technology for improving the forecasting of economic, financial and climatic phenomena by analysing large data sets.<\/p>\n<p>The government intends to hold talks on using big data technology for the SME (small and medium enterprises) sector and public governance, said the people.<\/p>\n<p>Regulation of digital economy, especially in privacy, consumer protection and financial regulation, is one of the topics for discussion,\u201d said one of the persons, who did not wish to be identified.<\/p>\n<p>The government has a special focus on startups, intending as it does to hold discussions including enabling ease of doing business for such companies, besides regulatory and financing gaps hindering their sustainable growth. It also wants to understand the reasons for startups registering outside India, said the person, as 15 out of 33 Indian unicorns are domiciled outside India, and find ways to increase participation of domestic investors financing startups.<\/p>\n<p>Other issues that the ministry will focus on at the outset include infrastructure gaps and taxation problems, as it aims to facilitate the targeted $1 trillion contribution from the electronics industry for making India a $5 trillion economy by 2024.<\/p>\n<p>\u201cDiscussion on steps to achieve electronics and information technology ministry\u2019s estimates that digital economy would contribute $1 trillion to the target of making India a $5 trillion economy, and improve the regulatory environment impacting private investment, for instance delays in permissions and onerous regulations, will be taken up,\u201d said another person.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FM\u2019s pre-budget talks with stakeholders to begin\u00a0 \u201cOver next few days, FM will meet stakeholder groups from start-ups, fintech and digital, financial sector, capital markets, industry, services and trade, agriculture and agro processing, social sector, water and sanitation, trade union and labour&#8230; New Delhi: Finance minister Nirmala Sitharaman will begin pre-Budget consultations with stakeholder groups [&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":[16],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/udaen.info\/index.php?rest_route=\/wp\/v2\/posts\/8266"}],"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=8266"}],"version-history":[{"count":2,"href":"https:\/\/udaen.info\/index.php?rest_route=\/wp\/v2\/posts\/8266\/revisions"}],"predecessor-version":[{"id":8268,"href":"https:\/\/udaen.info\/index.php?rest_route=\/wp\/v2\/posts\/8266\/revisions\/8268"}],"wp:attachment":[{"href":"https:\/\/udaen.info\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/udaen.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/udaen.info\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}