Budget 2017-18; Focus will be on consolidating fiscal management initiatives: Dr Drabu

KL News Network


Minister for Finance, Dr Haseeb Drabu Friday said the government would focus on consolidating the fiscal management initiatives outlined in the previous budget and setting off new reformative measures to ensure effective utilization of the resources.

Dr Haseeb A Drabu holding pre0budget meetings in Jammu (Image: JK Govt)

Dr Drabu was speaking during a series of pre-budget consultations with the representatives of various business and trade organizations and other stakeholders.

Dr Drabu said the pre-budget interactions are vital for receiving inputs, suggestions and to know the expectations of the stakeholders from the budget. He further said he expects that the inputs provided by the stakeholders would help in Budget formulation and improving the policy management of financial system.

During the meeting, various suggestions and inputs  were received from representatives of Chamber of Commerce and Industry (CCI) Jammu, Transporters Association Jammu, Federation of Industries Jammu, Hoteliers Association Jammu, Confederation of Indian Industry (CII), PHD Chamber of Commerce and Industry, Institute of Public Opinion, Intellectuals, Academicians, Tax Bar Association, Traders Federation, Agriculturalists, Fruit Growers Association Jammu, Poultry Farmers and Tourism Federation Jammu.

Dr Drabu according to spokesman said that “we are moving towards the regime of GST, it’s necessary to be well versed with the GST law. He asked the CCI to attend training programme on GST being provided by the government to have deep understanding of it. Dr Drabu also assured them that he will look into the issue of negative list of units.

Dr Drabu said the department would work on the mechanism to provide ease to the transporters in paying the penalty at Lakhanpur.



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