The Finance Ministry on Monday reviewed the prevailing economic and fiscal situation and pending policy issues against the backdrop of the ongoing global financial woes.
This was the first meeting of secretaries in the ministry after Ratan P Watal took over as the Finance Secretary last week.
Chief Economic Advisor Arvind Subramanian also attended the meet. The top officials also discussed issues relating to better coordination among all the Departments of the Ministry, especially in view of the Budgetary exercise that has already started.
“The Finance Secretary took stock of the work in progress and discussed pending policy issues in different Departments of the Ministry. He called for expeditious action in such matters,” the Ministry said in a statement.
Watal also reviewed action taken on various issues related to the Budgetary process. The statement further said such coordination cum review meetings will be now held on a regular basis and to begin with, on weekly basis.
Economic Affairs Secretary Shaktikanta Das, Revenue Secretary Hasmukh Adhia, Financial Services Secretary Anjuly Chib Duggal and Disinvestment Secretary Aradhana Johri were present.
Das tweeted: “Had meeting of all Secretaries in Finance Ministry. Took stock of economic and fiscal situation, policy issues, budget preparation, etc.”