At an interactive session on ‘Budget and Beyond’ with professionals from asset management, wealth advisory, tax consultancy and other related industries, the minister also said the Budget 2020 21 was a budget where the impact on equity, bond and currency markets was positive.During the interactive session, participants made suggestions for increasing consumption, giving more money into the hands of consumers, measures required to boost liquidity and hosts of suggestions for the capital markets.Several suggestions were also made on the ‘Vivad se Vishwas’ scheme to deal with the disputes related to the direct taxes. It was announced in the Budget 2020 21.She said the finance ministry will provide details of the scheme soon. However, Parliament approval will be required before the scheme is implemented.The Union Cabinet has approved certain amendments to the scheme.”In a day or two, we shall be coming with a clear non paper (on the scheme) because Parliament is yet to pass it,” she said.To a suggestion regarding PAN card, the minister said the issuance process would be simplified further.She assured the participants that her ministry would look into the suggestions.The finance minister had similar interactive sessions in Mumbai, Chennai and Kolkata last week.Now that payment deadlines have been relaxed due to COVID 19, the Moneycontrol Ready Reckoner will help keep your date with insurance premiums, tax saving investments and EMIs, among others..
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