Govt seeks to engage itself with businesses, industries: FM


PTI, Feb 9, 2020, 1:44 PM IST

Kolkata: 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 that this will be made possible only with the help of new technology.

“Over the years, we had to remove all the deadwood 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 synergy could be built.

Responding to Tea Board chairman P K Bezbaruah’s remarks on the scarcity of ATMs in the tea belts of Assam and West Bengal for which “cashless wage payments are becoming a problem”, the finance minister said the government is willing to set up ATMs in pockets where there are none.

“I know that the number of ATMs is minuscule in the tea growing regions. The government is ready to set up such facilities in these areas,” she said.

Finance Secretary Rajiv Kumar said that there is a need for credit offtake to pick up for genuine businesses.

“Commercial lending has to go up. The Central Vigilance Commission (CVC) has already appointed a committee to differentiate between genuine business failure and a fraud,” he added.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Maharashtra Polls: Eknath Shinde targets Uddhav for `giving up’ Bal Thackeray’s principles for power

Will appear before Lokayukta for questioning in MUDA case, says CM Siddaramaiah

Lies have short life, Cong’s ‘fake’ narrative smashed: Fadnavis

Temple idols found desecrated in Hyderabad, case registered

SC junks plea against quashing of LOC issued to ex-house help of Sushant Singh Rajput

JPC chairman Jagdambika Pal to visit K’taka on Nov 7 to meet farmers protesting Waqf notices

Indian boxer Mandeep Jangra wins WBF’s world title

Related Articles More

Treated Muslims like fuel for ‘lantern’: Prashant Kishor targets Lalu, asks upper castes to stay away from Nitish

Wayanad Bypoll: Politics in country, Kerala not genuinely working for people, says Priyanka Gandhi

Malegaon blast trial: Court issues bailable warrant against Pragya Thakur

Maharashtra Polls: Eknath Shinde targets Uddhav for `giving up’ Bal Thackeray’s principles for power

CBI forms SIT to probe into Tirupati laddu adulteration allegations

MUST WATCH

Gho Pooja in Deepavali Festival

Melukote Deepavali

Ganapathi Co-operative Society Ltd

Udayavani Chinnara Banna 2024

Annapoorna Aahar | Food Places In Mysore


Latest Additions

Treated Muslims like fuel for ‘lantern’: Prashant Kishor targets Lalu, asks upper castes to stay away from Nitish

MP Brijesh Chowta urges Kerala CM for strict action against attack on Edneer Swamiji’s vehicle

Mangaluru: Asiatic male lion arrives at Pilikula Zoo

Waqf Notice Issue: Not an accident, but state government’s conspiracy, claims V. Sunil Kumar

Wayanad Bypoll: Politics in country, Kerala not genuinely working for people, says Priyanka Gandhi

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.