To Infuse more Transparency into Budget Making - Ministry of Finance Invites Suggestions from Public



The Union Minister for Finance, Corporate Affairs and Information & Broadcasting, Shri Arun Jaitley at the Pre-Budget Consultation with IT Sector (Hardware and software), in New Delhi on January 14, 2015.

To Infuse more Transparency into Budget Making Exercise and to have People as Partners to the Process of Budget Making, Ministry of Finance Invites Suggestions from Public at Large for Union Budget 2015-16 


In order to infuse more transparency into Budget making exercise and to have people as partners to the process of budget making, the Ministry of Finance, Government of India has decided to invite suggestions from public at large for Union Budget 2015-16. 

Those desirous of sending suggestions for Budget 2015-16, may send their Budget suggestions at the following e-mail addresses: 

budsugg.1516@gov.in and/or rajat.bhargava@nic.in 

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Finance Ministry Welcomes RBI’s Move to Cut Repo Rate by 25 Basis Point; 
States this will Help in Providing A Fillip to the Economy Directly by Increasing the Private Sector’s Ability and Willingness to Spend as well as Indirectly by Improving the Balance Sheet of the Corporate Sector and Banks, Facilitating an Increase in Demand for and Supply of Credit 

The Ministry of Finance says that the 25 basis point Report Rate cut announced by the Reserve Bank of India (RBI) is a welcome move and consistent with strong and ongoing disinflationary trends identified in the Ministry’s Mid Year Economy Analysis presented to the Parliament last month. 

The Ministry further states that this is a significant move in signaling a shift in stance and direction for policy going forward, as the RBI’s statement has noted. 

The Ministry further states that this move will provide a fillip to the economy directly by increasing the private sector’s ability and willingness to spend. It should also help indirectly by improving balance sheet of the Corporate Sector and banks, facilitating an increase in the demand for and supply of credit. 

The Ministry further states that along with other policy actions already taken by the Government and other that are under its consideration, this move represents one more step towards reviving investment and realizing India’s medium term growth potential. 

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Shri J P Nadda stresses on the role of research in strengthening health sector 
“IT can be a crucial enabler in addressing health issues” 

Focussed academic research can go a long way in strengthening the health sector, and provide solutions to many challenges facing the country in providing accessible and affordable health care to all, particularly the needy and vulnerable. Similarly, IT can play a crucial role as an enabler to address several critical issues in the country’s health sector. 

The Union Minister for Health & Family Welfare, Shri J P Nadda stated this during his address as the keynote speaker at the H3C Health Sciences Innovation Conference, at Mumbai today. The theme of the health conference was H3C: Health - Care, Career and Commerce. 

The Health Minister commended the collaboration between the Ohio State University and AIIMS, New Delhi in the field of regenerative medicine. He informed that the country’s first Regenerative Medicine Center at AIIMS has been launched in partnership with the Center for Regenerative Medicine and Cell Based Therapies (CRMCBT) at The Ohio State University. The Minister was hopeful that such ventures will give fillip to health based research in the country. Such research must be people-centric and benefit humanity, the Minister stated. He beckoned students, fellows and faculty from the Ohio State University to collaborate with Indian universities and health institutions to undertake research in varied health issues. India with its huge population, the burden of communicable as well as non-communicable diseases, coupled with shortage of human resources in the health sector including doctors, specialists and para medical staff still faces several challenges, he stated. He looks forward to partnership with the Ohio State University and other such academic bodies to work together to address these challenges, he stated. 

The Health Minister assured political commitment towards all health issues in the country, and towards any collaboration with academic bodies that seek to work in the health sector in the country. Echoing the sentiments of the Prime Minister, he emphasised on need for paying attention to ‘skill, scale and speed’ while developing solutions to health issues. Skill is not a static process; it is continuous and succeeds with constant updation and sharing, he opined, adding that academic exercises such as this conference form a crucial element towards skill development and enhancement. Looking at the population of the country, scale assumes a realistic character too, he said. Shri Nadda said that a balance needs to be struck between quality and quantity when providing health services. Quality cannot be allowed to suffer to take care of the numbers. 

The Health Minister stated that the relationship of India with the Ohio State University goes back a long way. He reminisced about the role of the Ohio State University in enabling the Green Revolution in the country. Also present at the Conference were Dr Michael Drake, President of the Ohio State University; Dr M C Misra, Director, AIIMS New Delhi; and Prof. Chandan Sen, Ohio State University. More than 100 delegates from the US will be participating in the three day conference which will have about 60 technical sessions. 

To Infuse more Transparency into Budget Making - Ministry of Finance Invites Suggestions from Public To Infuse more Transparency into Budget Making - Ministry of Finance Invites Suggestions from Public Reviewed by Ajit Kumar on 6:40 PM Rating: 5

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