oppn parties Important Pre-Budget Meeting Without The Finance Minister In Attendance

News Snippets

  • The Indian envoy in Bangladesh was summoned by the country's government over the breach in the Bangladesh mission in Agartala
  • Bank account to soon have 4 nominees each
  • TMC and SP stayed away from the INDIA bloc protest over the Adani issue in the Lok Sabha
  • Delhi HC stops the police from arresting Nadeem Khan over a viral video which the police claimed promoted 'enmity'. Court says 'India's harmony not so fragile'
  • Trafiksol asked to refund IPO money by Sebi on account of alleged fraud
  • Re goes down to 84.76 against the USD but ends flat after RBI intervenes
  • Sin goods like tobacco, cigarettes and soft drinks likely to face 35% GST in the post-compensation cess era
  • Bank credit growth slows to 11% (20.6% last year) with retail oans also showing a slowdown
  • Stock markets continue their winning streak on Tuesday: Sensex jumps 597 points to 80845 and Nifty gains 181 points to 24457
  • Asian junior hockey: Defending champions India enter the finals by beating Malaysia 3-1, to play Pakistan for the title
  • Chess World title match: Ding Liren salvages a sraw in the 7th game which he almost lost
  • Experts speculate whether Ding Liren wants the world title match against D Gukesh to go into tie-break after he let off Gukesh easily in the 5th game
  • Tata Memorial Hospital and AIIMS have severely criticized former cricketer and Congress leader Navjot Singh Sidhu for claiming that his wife fought back cancer with home remedies like haldi, garlic and neem. The hospitals warned the public for not going for such unproven remedies and not delaying treatment as it could prove fatal
  • 3 persons died and scores of policemen wer injured when a survey of a mosque in Sambhal near Bareilly in UP turned violent
  • Bangladesh to review power pacts with Indian companies, including those of the Adani group
D Gukesh is the new chess world champion at 18, the first teen to wear the crown. Capitalizes on an error by Ding Liren to snatch the crown by winning the final game g
oppn parties
Important Pre-Budget Meeting Without The Finance Minister In Attendance

By A Special Correspondent
First publised on 2020-01-09 20:52:14

It is extremely surprising and unconventional that Finance Minister Nirmala Sitharaman was not present when the government held a pre-budget meeting with economists, other experts and stakeholders from different segments of the economy at the Niti Aayog in Delhi today. The excuse that she was pre-occupied (holding a pre-budget meeting with party workers at the BJP headquarters) is so weak that it is laughable.

What is more important for a finance minister before drafting the budget? To meet economists and experts or to meet party workers? Which meeting could have been rescheduled without much difficulty? The presence of Piyush Goyal (Commerce), Nitin Gadkari (Transport) and Narendra Singh Tomar (Agriculture), the three other ministries that have a major stake in the budget-making process was good, but it will not make up for the absence of the Finance Minister as she is the one who has the last word on the final budget. Or has she?

With power being overwhelmingly centralized in the PMO and most of the decisions being taken by either Prime Minister Narendra Modi or Home Minister and BJP President Amit Shah, do individual ministers in this government have any importance left? The absence of the Finance Minister from such an important meeting is one more thing that confirms this fact. The ministers in the NDA government have responsibility without power and it is showing.

The Congress has rightly taken potshots at the government for the absence of the Finance Minister from such an important meeting. In a tweet, it sarcastically asked the government to 'invite' the Finance Minister in a pre-budget meeting next time. In another tweet, it asked, "how many men does it take to do a woman's work?"

The government must realize that in politics and business, there are some things that can inspire confidence and others that can set off depression. Nirmala Sitharaman's absence from such an important meeting will definitely reduce her stature in business circles as well as her department. It was a huge blunder to let her skip (or was she instructed not to attend?) this important meeting. Has the government made up its mind to replace her?