Newly appointed Finance Minister Nirmala Sitharaman of Modi’s 2.0 Cabinet held her third pre-budget consultation meeting with the stakeholders from financial sector and capital markets in New Delhi on Thursday.
The pre-budget consultation meeting includes discussion on capital markets, financial sector, Non-Banking Financial Companies (NBFCs) and Alternative Investment Funds (AIFs) among others.
According to an official release, the meeting was attended by Minister of State for Finance and Corporate Affairs, Anurag Thakur, Finance Secretary, Expenditure Secretary, Revenue Secretary and other senior officials of Finance Ministry.
The representatives of Financial Sector and Capital Markets submitted several suggestions concerning the infusion of capital in the niche and regional banks with a view to give boost to Indian markets. Suggestions have also been submitted for enhancing the role of Financial Sector Development Council, on the NBFC Sector and need to distinguish between solvency, governance and liquidity issues.