India’s Per Capita Income To Cross Rs 1 Lakh In FY17

Budget 2016: Down To The Wire, Finance Minister Arun Jaitley To Meet Economists

India News

In an unconventional move, Finance Minister Arun Jaitley will meet economists and market experts on Saturday, barely 48 hours ahead of his Budget speech on Monday. Minister of State Jayant Sinha and other key Finance Ministry officials will be part of the meeting, sources said. While the agenda is under wraps, it is learnt that the Finance Ministry sent out invitations over email on Tuesday for the 90-minute meeting that is scheduled to start at 11 am. “The meeting is aimed at sensitising economists about the backdrop in which the expenditure budget has been prepared and to make them appreciate the difficult situation,” an official source said. The meeting comes in the backdrop of the ongoing debate regarding deviation from the fiscal consolidation roadmap to enhance public investment in the next financial year and global brokerages coming out with a neutral to weak commentary on the fiscal situation in the run-up to the budget.