Jaitley meets India Inc for inputs on Budget

Finance Minister Arun Jaitley on Wednesday asked business leaders to make investments in the infrastructure sector, as private investment along with public and foreign investment were the key to boost growth and create job opportunities.

The finance minister said this in his opening remarks during his pre-Budget consultation meeting with the business leaders and representatives of the various chambers of Indian trade and industry here.

Industry leaders made suggestions and demanded permitting the purchase of banks' recapitalisation bonds by the institutes and the public at large, reducing government stake in PSBs, allowing banks to securitise their loans and sell the same.

Other suggestions, included setting up of National Power Generation Corporation and creation of National Innovation Fund with initial corpus of Rs 10,000 crore to promote innovation and out of box Ideas; setting-up of empowered group of state agricultural ministers to implement agricultural reforms.