Ministry of Finance
Finance Ministry seeks Ideas/Suggestions/Proposals for Annual Budget 2021-22
Posted On: 13 NOV 2020
Over the years, the Ministry of Finance has been holding pre-budget consultations in North Block with Industry/Commerce Associations, Trade Bodies and Experts to seek ideas for the Annual Budget. Owing to the pandemic situation, the Ministry has received suggestions from various quarters for holding pre-budget consultations in a different format. It has accordingly been decided to create a dedicated email to receive suggestions from various Institutions/Experts. A specific communication to this effect will be sent shortly.
It has also been decided to make the Annual Budget 2021-22 consultations more participatory and democratic by taking it closer to the people of India. Government has launched a micro-site (online portal) on My Gov platform which will go live on15th November 2020 to receive ideas for the budget. General public in their individual capacity need to register on My Gov to submit their ideas for Budget 2021-22. The submissions will be further examined by the concerned Ministries/Departments of Government of India. If required, individuals may be contacted on the email/mobile no. provided at the time of registration to seek clarification on their submissions. The portal will remain open until 30th November 2020.
Release ID: 1672634
It is regrated that , why the Government is not interested to change the Annual Financial Year period cycle from April-March to July-June for utilizing 100 o/o avilable working period in the country (January – June) , Why the Government is sticking to British made unscientific March year ending Annual Financial Year Period Cycle (April-March) and making waste of 50 o/o avilable working period
( April-June) , If the Government is simply adopting the June year ending Financial Year Cycle Period (July-June) ,it will become a Remarkable achievement in working period 100 o/o utilization .
There should be weath tax on the basis of Asset valuation over Rs 100 crores @25 percentage. So that the disparity between poor and reach will be bridged.