New Delhi: A New Era of Governance and Trust in Budget 2023

In a significant move towards reinforcing good governance, the latest budget proposals have emphasized ease of doing business, compliance, technology, and trust. Finance and Revenue Secretary Tuhin Kanta Pandey highlighted the importance of reinstating the trust agenda to sustain growth momentum in the face of global economic challenges.

Accelerating Reforms and Encouraging Industry Investment

Pandey stressed the need for continued reforms and encouraged the industry to embrace 'animal spirits' to boost investments, propelling growth and employment. The government has pledged its support to address industry concerns, ensuring a conducive environment for business expansion.

Seeking Industry Collaboration for Budget Implementation

Ajay Seth, Secretary of the Department of Economic Affairs, called for industry assistance in implementing five key budget ideas, including the 'Make in India' manufacturing mission. He also sought innovative approaches to public-private partnerships to ensure their success.

Optimizing Public Sector Value for All Stakeholders

Arunish Chawla, Secretary of Dipam, outlined the department's objective to maximize the value of public sector enterprises for the government, minority shareholders, and the public. A strategic approach to disinvestment is crucial, considering the need for sustained revenue, favorable market conditions, and investor appetite.