Finance Minister Arun Jaitley will kick off pre-budget consultations with different interest groups from Thursday, starting with the representatives of the farm sector.
To be presented in the first week of July, it will be the maiden budget of Mr. Jaitley. It will also be the first major policy document of the Narendra Modi government, and will spell out the direction for the economy. Mr. Jaitley will also meet representatives of the social sector related groups in the run-up to the budget.
As part of the customary exercise, the Finance Minister holds pre-budget consultations with various stakeholders, including, representatives of industry chambers, trade union, financial services sector and state finance ministers.
Among other things he will also have to focus on streamlining subsidies which consume a major potion of government expenditure.
