Ahead of the Union Budget, Nirmala Sitharaman meets Manmohan Singh

New Delhi, News24 Bureau, June 27: This comes across as a welcome gesture of Union Finance Minister Nirmala Singh who met former PM and veteran Congressman Manmohan Singh, who is a renowned economist.

Nirmala Sitharaman met former PM Dr Manmohan Singh at his residence on Thursday. Dr Singh, a respected economist, was the union finance minister in the Narasimha Rao government in 1991 and spearheaded liberalisation in the country. His calibre as an economist is widely appreciated across the world and academicians have high regard for his policies, which are time-tested.The NDA government will on July 5 unveil the Budget for 2019-2020. On February 1, the government had presented an Interim Budget to seek Parliament's nod for spending till the new government took charge after the Lok Sabha election.

The pre-Budget consultation exercise was done earlier with Finance Minister Nirmala Sitharaman meeting economists, banks and financial institutions as well as industry chambers between June 11-23.The State Finance Ministers also gave their suggestions for Budget 2019-20 to the Centre during the GST Council meeting.Nirmala Sitharaman would be presenting the first Budget of the Modi 2.0 government. In her Budget, the 59-year-old JNU alumnus will have to address slowing economy, financial sector troubles like rising NPAs and liquidity crisis in NBFCs, job creation, private investments, exports revival, agrarian crisis and raise public investment without compromising on fiscal prudence.Over the last fortnight, the minister met agriculture sector experts, banks and financial institutions and industry chambers. The full budget for 2019-20 would be presented on July 5.

With Agencies