Finance Minister Nirmala Sitharaman will meet Maharashtra stakeholders on her two-day visit to Mumbai starting tomorrow (February 21) in a post-budget interaction.
Ms Sitharaman will be in Mumbai between 21 and 22 February in a tweet from the Ministry of Finance. She will hold talks with industry and commerce representatives, major taxpayers and select professionals, the tweet said.
Union Minister of Finance @nsitharaman visits Mumbai from February 21 – 22
FM holds a post#Budget2022 interacting with Maharashtra stakeholders belonging to industry and commerce, major taxpayers and selected professionals
Watch LIVE from 10.30am
— Ministry of Finance (@FinMinIndia) February 20, 2022
Earlier on February 14, the finance minister had met with the board of the Reserve Bank of India (RBI) in New Delhi and in her speech set out the rationale behind the budget and the government’s priorities.
This year’s budget, presented on February 1, estimates nominal gross domestic product (GDP) growth of 11.1 percent. The government expects this growth to be fueled by a major capital expenditure program outlined in the budget that aims to attract private investment by reviving economic activity and creating demand.
Ms Sitharaman has raised the capex by 35.4 percent for 2022-23 to Rs 7.5 lakh crore to continue the government investment-led recovery of the pandemic-ravaged economy. The capex this year is pegged at Rs 5.5 lakh crore.