Sitharaman to visit Pune to discuss the auto industry

Sitharaman to visit Pune to discuss the auto industry

The auto industry has suffered a lot when it comes to the country’s economy. Therefore, Finance Minister Nirmala Sitharaman will visit Pune on August 7 to learn about the problems of vehicles and other industries in Pune, which is the center of the auto industry.
The auto industry has suffered a lot when it comes to the country’s economy. Therefore, Finance Minister Nirmala Sitharaman will visit Pune on August 7 to learn about the problems of vehicles and other industries in Pune, which is the center of the auto industry. He will also hold a meeting of the officials of the Income Tax Department and Central Goods and Services Tax, ie GST department, in which the tax collection will be reviewed.

The central government is taking various steps to accelerate the country’s economy. There is serious debate about this at the senior level. Measures that stimulate the economy; The Center has also decided to seek suggestions and recommendations from all before setting the policies. On the same ground, some senior ministers, including finance ministers of the Center, will be holding discussions with various industries, entrepreneurs and bankers. As part of this, Finance Minister Nirmala Sitharaman will visit eight to ten major cities in the country and interact with the entrepreneurs there. In addition, a review meeting of the Income Tax and GST departments will be held. That is why Sitharaman’s visit to Pune is scheduled for August 7.

According to sources, Sitharaman will be holding a joint dialogue with the Incomers and GST officials. The event is likely to take place at GST Bhawan. In this, Sitharaman will monitor the performance of both departments; There will also be a presentation on the new Abhay Yojana regarding dilapidated taxation and new return filing system for GST. Sitharaman will publish the Marathi brochure of all these schemes. Representatives of some business and business associations will also be present at this time. Sitharaman will also be reviewing loan, currency, stand up India and other schemes in 90 minutes for micro, small and medium entrepreneurs. Similarly, it is likely that a detailed set-up of some of the provisions of the budget tabled by Sitharaman will be made at this time.

Why visit Pune?

‘Pune has emerged as a hub of start-ups with auto industry, manufacturing, information technology, biotechnology. The manufacturing sector in Pune is mainly dependent on the automobile industry. However, the auto industry is currently experiencing a recession. Against this backdrop, Nirmala Sitharaman is likely to discuss with the representatives of the automotive industry. He will also hold talks with businessmen and business leaders of the city. Will know their problems; They will also provide information on the measures taken by the central government, ”said the source.

The impact of the recession in Pune is very much felt. Since Pune is the hub of the auto industry, small and medium entrepreneurs who depend on the automobile industry have also got into trouble. We have to admit that the economy has slowed down due to slowdown in other sectors including construction. It can be solved. The government needs to increase direct investment. Increasing investment in infrastructure will create employment and increase demand. At the same time, some strategic changes should provide the necessary concessions to the industry. These changes are likely to have catastrophic consequences if not done in time. Entrepreneurs who say there is no demand, must change their mindset. There is no demand, however the import is not stopped. The rest of the country is exporting to India because of the sale. He needs to find domestic options. At the same time, the industry must constantly strive for export growth.

– Pradeep Bhargava

President, MCCIA
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