Nirmala Sitharaman hails suggestions ahead of Union Budget

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The Finance Minister Nirmala Sitharaman has said that she is grateful for every suggestion that her office has been receiving in heaps in the lead up to the full Union Budget reveal on July 5.

Nirmala Sitharaman

“Grateful for every thought/idea that’s being shared by scholars, economists and enthusiasts through print, electronic, and on social media. I read many of them; also, my team carefully collates them for me. Value every bit. Thanks. Please keep them coming,” she tweeted.

While some suggested on social media, for bringing in the investments that will help boost markets, others have laid stress on generating jobs.

The concerns raised comes in the wake of several macro-data points which had painted a gloomy picture of the economy of the country, showcasing a slowdown in Gross domestic product (GDP) growth rate and the contraction in core industries’ production.

The Reserve Bank of India (RBI), Monetary Policy Committee (MPC), in its second bi-monthly policy review for this financial year has cut the repo rate by 25 basis points from 6 percent to 5.75 percent.

The MPC which is headed by RBI Governor Shaktikanta Das also changed policy stance to accommodative from neutral.

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