Social Sector Related Groups Highlight
Need to Promote Financial Inclusion and inclusive Growth
during Pre-Budget Consultations with Union Finance Minister
Press Information Bureau,
January 17, 2012
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The Union Finance
Minister Shri Pranab Mukherjee said that the country’s
development strategy focuses on providing good health,
education and development of skills of its citizens. He was
addressing the representatives of about 30 Social Sector
Groups who attended the today’s pre-Budget consultations
here. While giving a brief account of the present state of
the Indian economy, the Finance Minister said that the
international crisis of 2008 resulted in lowering of GDP
growth and had adverse effect on inflation. However, Indian
economy recovered back after the stimulus package was
injected by the Government.
The basis of the
initial projected growth for 2011-12 was also based on the
upward trajectory of growth being followed by the Indian
economy in previous years. However, the global economy was
again hit by the Euro Zone crisis last year which in turn
again resulted in lowering of the growth prospects of
domestic economy. It was seen that a slow down on the
revenue side and increasing expenditure is resulting in more
than targeted fiscal deficit. We are making best efforts to
keep it near the target. In order to tackle inflation, the
Reserve Bank of India had to adjust crucial rates of
interest number of times. Thereafter the Finance Minister
called for suggestions from various representatives of
social sector groups.
Representatives of
a large number of social sector related groups attended the
today’s pre-Budget meeting and gave numerous suggestions
largely focusing on the need to address issues of
malnutrition, skill development, infrastructure, higher
investment on health, education, sanitation, housing and
renewable energy among others. They stressed the need for
higher transparency and taxation benefits/relief to
encourage development sector. Participants suggested that
the process of consultation with the social sector groups
should be ongoing and should take place on a more regular
basis.
They said that
there was a need to encourage educated professionals to work
in rural areas at the cutting edge by providing them
suitable incentives and loan waivers. The need to raise the
NREGS wages was also raised by a number of social sector
group representatives and it was said that the national
minimum wage should be rational enough to give the poor
their dues. It was said that there was a need to develop and
promote financial inclusion, inclusive growth and leadership
among women and girls. It was stated that social audit
should be made compulsory for all centrally sponsored
schemes. The issue of implementation of sub-plans for
scheduled castes and scheduled tribe was also raised and it
was said that a dedicated sub-plan unit should be set-up in
each Ministry. It was suggested that community based
planning and the share of community in development benefits
should increase. The need to augment infrastructure
available at the Panchayat level was highlighted. It was
suggested that community radios should be set-up for better
interaction at the grass root level.
Beside the Finance
Minister, both the Ministers of State for Finance, Shri S.S.
Palanimanickam and Shri Namo Narain Meena, Chief Economic
Advisor, Secretary (Financial Services), Secretary
(Expenditure), Chairman, CBDT, Chairman, CBEC, Addl.
Secretary Budget were present among others.
The major
representatives from the social sector related groups who
attended the meeting were Shri Binju Abraham of PRADAN, Ms.
Namrata Bali of SEWA Academy, Shri Swami Tyagarupananda of
Ram Krishan Mission, Shri Sandeep Pandey of ASHA, Shri
Mohamed Musa of Care India, Shri K. Shrinath Reddy of Public
Health Foundation, Shri Kalyan Sundram of DHAN, Dr. Ramesh
Bellamkonda of BSS, Ms. Vinatha M. Reddy of GRAMEEN KOOTA,
Shri Ashok Khosla of Development Alternatives Group, Shri
Rajesh Tandon of PRIA, Shri D.R. Mehta of JAIPUR FOOT, Shri
Amal Ganguli of HELP AGE, Dr. Rukmani Banerjee of PRATHAM,
Ms. Achla Savysaachi of SA-DHAN, Ms. Rohini Nilekani of
ARGHYAM, Shri Swami Agnivesh of Bandhua Mukti Morcha (BMM),
Shri Ajay Mehta of Sewa Mandir, Ms. Mirai Chatterjee of SEWA
Social Security, Shri Ashok Bharti of NACDOR, Shri Sanjay
Jain of SANTEK, Shri Pradeep S. Mehta of CUTS, Shri Samit
Aich of Greenpeace, Ms. Medha Patkar of Narmada Bachao
Andolan and Shri L.V. Saptharishi of CNRI among others.
Among others who
attended the meeting included Shri K.M. Acharya, Secretary,
Ministry of Social Justice and Empowerment, Shri Anshu Vaish,
Secretary, Department of School Education & Literacy, Shri
Sudhir Kumar, Addl. Secretary, Ministry of Women & Child
Development, Shri L.C. Goyal, Addl. Secretary & DG (CGHS),
Department of Health and Family Welfare, and Shri Ravi
Mathur, Addl. Secretary, Ministry of Labour among others.
This news can
also be viewed at: http://pib.nic.in/
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