On a two-day visit to Mumbai, quick meetings with the officials of Finance Minister, Industry, Income Tax, Banks, know the full schedule

Finance Minister In Mumbai: She is going to hold many meetings in these two days. During this, she will hold meetings with Income Tax, GST officials and officials of public sector banks. Apart from this, she will also meet people from the industry.

Mumbai: Finance Minister In Mumbai: Finance Minister Nirmala Sitharaman is on a two-day visit to the country’s financial capital Mumbai from today. During this, she will participate in many programs. The Finance Ministry has given information about his program through a tweet. In these two days, she is going to hold many meetings continuously.

Today’s round of meetings in Mumbai

First of all, at 11:30 am today, Finance Minister Nirmala Sitharaman will meet top officials of the Income Tax Department at Bandra Kurla Complex (BKC) in Mumbai. After this, at 2 pm, she will hold a meeting with the officials of Goods and Services Tax (GST) and Customs on indirect tax issues. At 5 pm, the Finance Minister will also hold a meeting with industrialists in a meeting organized by the Confederation of Indian Industry (CII). This meeting will be held at Hotel Taj Lands End.

Tomorrow there will be a meeting with the banks

After this, Finance Minister Nirmala Sitharaman is going to hold an important meeting with the heads of public sector banks (PSBs) tomorrow. In this meeting, the steps taken to speed up the slowing economy due to Corona epidemic will be reviewed, as well as the performance review of banks will also be done.

First review meeting after corona

This will be the first review meeting between the Finance Minister and the heads of public sector banks since the Corona pandemic in March last year. Sources said that meeting with the managing directors and CEOs of public sector banks (PSBs) is necessary in view of the importance of the banking sector to drive demand and consumption. A few days ago, Finance Minister Nirmala Sitharaman had also said that the government is fully prepared to take all necessary steps to give impetus to the economy affected by the Kovid-19 epidemic. The Finance Minister had said that economic growth will be given importance and for this both the Reserve Bank and we will give our support.

These issues will be discussed.

Many issues can be discussed in this meeting with the Finance Minister. According to sources, the current condition of the bank, the progress of restructuring-two plans announced by the Reserve Bank are expected to be reviewed in the meeting. In the meeting, emphasis can be given to banks to increase credit to productive sectors. Along with this, the Emergency Credit Loan Guarantee Scheme (ECLGS) will also be reviewed.

According to sources, the Finance Minister can also take stock of the situation of bad loans or NPA (Non Performing Assets). Apart from this, the reform measures taken by the banks can also be discussed. Let us tell you that the NPA of banks came down to Rs 6,16,616 crore as on March 31, 2021 from Rs 6,78,317 crore as on March 31, 2020, as on March 31, 2019, this figure was Rs 7,39,541 crore.

Let us tell you that earlier this month, a committee of Parliament had expressed concern about the delay in resolving the long-standing problem of NPAs in public sector banks. This committee had asked the Finance Ministry to prepare a clear policy to get the banks out of this difficulty.

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