Finance Minister Chairs First Pre-Budget Consultation For Union Budget 2026-27
Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, on Monday chaired the first pre-Budget consultation meeting with the country’s leading economists in New Delhi in connection with the upcoming Union Budget 2026-27. The meeting was attended by the Secretary of the Department of Economic Affairs (DEA), the Chief Economic Adviser to the Government of India, and senior officers from the DEA.
The Ministry of Finance shared in a social media post:
“Union Minister for Finance & Corporate Affairs Smt. @nsitharaman chairs the first Pre-Budget Consultation with leading economists in connection with the upcoming Union Budget 2026-27, in New Delhi.”
Union Minister for Finance & Corporate Affairs Smt. @nsitharaman chairs the first Pre-Budget Consultation with leading economists in connection with the upcoming Union Budget 2026-27, in New Delhi, today.
The meeting was also attended by Secretary, Department of Economic… pic.twitter.com/I9yn5FxpOD
— Ministry of Finance (@FinMinIndia) November 10, 2025
Schedule Of Pre-Budget Consultations
- Consultation with economists: 10 am to 12 noon
- Followed by discussions with eminent agriculturists and farmer organisations: 1 pm to 3 pm
- Marks the beginning of pre-Budget discussions conducted annually by the Finance Ministry
- Purpose: Platform for Finance Minister and government officials to consult various stakeholders
- Stakeholders include industry representatives, trade unions, economists, state officials, and social sector members
- Aim: Gather inputs before the final annual budget is formulated and presented to the legislature
What Is The Purpose Of The Pre-Budget Consultations?
These meetings serve as a vital platform for the Finance Minister to gather suggestions, demands, and inputs from a wide range of participants, including industry associations, trade unions, economists, state government officials, and representatives from the social sector.
The consultations ensure that the Union Budget reflects diverse perspectives and addresses the needs of different sectors of the economy. The discussions with economists and agriculturists today mark the first phase of the government’s broader engagement process leading up to the presentation of the Union Budget 2026-27.
Timeline And Industry Input
-
Union Budget 2026-27 presentation: Scheduled for 1st February 2026 in Parliament by Finance Minister Nirmala Sitharaman
-
Industry inputs received from chambers of commerce:
-
Confederation of Indian Industries (CII)
-
Federation of Indian Chambers of Commerce and Industry (FICCI)
-
PHD Chamber of Commerce and Industry (PHDCCI)
-
-
Key suggestions from industry stakeholders:
-
Adopt direct tax reforms
-
Expand the tax base
-
Boost manufacturing
-
Promote innovation
-
Improve tax compliance
-
(Disclaimer: This story is syndicated from ANI and has been mildly edited for clarity and style.)
Also Read: Major Terror Bid Foiled: J&K Police Recover 300 kg Of…
Aishwarya is a journalism graduate with over three years of experience thriving in the buzzing corporate media world. She’s got a knack for decoding business news, tracking the twists and turns of the stock market, covering the masala of the entertainment world, and sometimes her stories come with just the right sprinkle of political commentary. She has worked with several organizations, interned at ZEE and gained professional skills at TV9 and News24, And now is learning and writing at NewsX, she’s no stranger to the newsroom hustle. Her storytelling style is fast-paced, creative, and perfectly tailored to connect with both the platform and its audience. Moto: Approaching every story from the reader’s point of view, backing up her insights with solid facts.
Always bold with her opinions, she also never misses the chance to weave in expert voices, keeping things balanced and insightful. In short, Aishwarya brings a fresh, sharp, and fact-driven voice to every story she touches.
