Finance Minister Arun Jaitley will begin pre-budget consultations with different stakeholders such as industry, trade unions, and economists from January 4. The Finance Minister, who would be presenting his second full-year Budget in February end, will hold pre-budget discussions with agriculture group and trade unions on Monday, followed by economists and industry on January 6 and the IT sector the next day.
He would seek views of financial sector regulators on January 11, and of social sector, banks and financial institutions on January 12, the finance ministry said. The customary pre-budget consultations are considered important as it helps government in formulating policies. Government has also invited suggestions from the public for 2016-17 Budget in its bid to make the exercise more broad.