• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

India’s Economic Growth Needs To Fuelled By Ratepayers: Finance Secretary

OMMCOM NEWS by OMMCOM NEWS
March 29, 2025
in Business

New Delhi: Newly-appointed Finance Secretary Ajay Seth said on Saturday that India’s economic growth needs to fuelled by ratepayers, not just taxpayers and borrowings.

Ratepayers refer to those who use basic daily utilities and services such as water, electricity and public transport such as buses and metros.

Addressing an event in the national capital, Seth said that of the three sets that fund India’s savings pools, ratepayers need to step up.

“The savings pool in this country is limited. We generate income and we either deploy or invest it. But who’s going to finance the growth… only three sets — taxpayers, the next generation (borrowings) or ratepayers. So far, only taxpayers or next generation have been financing growth,” Seth told the gathering.

“The role of ratepayers has been muted, all three sets have to deliver and ratepayers have to play a prominent role,” he added.

Speaking at the Skoch Group event, the Finance Secretary said that exports is one of India’s four engines of growth.

In the Union Budget, Finance Minister Nirmala Sitharaman had picked four engines of growth — agriculture, MSME and manufacturing, investments and exports.

The top bureaucrat also stated that we’re in the midst of a tough global geopolitical and economic environment.

“Economic difficulties faced by other countries is getting accentuated in their geopolitical stance. Going forward, I don’t see the uncertainties subsiding in the medium term. Nations seem to be moving from cooperation to competition,” he said.

According to Seth, even the United States, the world’s largest economy, is moving towards reorientation of economy itself as a realisation that something needs to be done differently going ahead.

Seth, a 1987 batch IAS officer of the Karnataka cadre, was designated as the new Finance Secretary last week. Earlier this month, Seth was given the additional charge of Revenue Secretary.

(IANS)

Tags: Finance Secretary Ajay Seth
ShareTweetSendSharePinShareSend
Previous Post

Exotic Species Seized At Bhubaneswar Airport, 1 Detained

Next Post

52 Lives Lost To Alcohol Consumption In Odisha: Excise Minister

Related Posts

Adani Group
Business

‘Baseless, Mischievous’: Adani Group Denies Report Of US Probe Into Alleged Iranian LPG Links

June 2, 2025
Business

India, Japan Agree On Deepening Maritime Ties

June 2, 2025
Business

India’s Coal Production Rises 3.4 Per Cent To Cross 86 Million Tonnes In May

June 2, 2025
Washington, DC : Prime Minister Narendra Modi in a bilateral meeting with Tesla CEO Elon Musk at Blair House, in Washington, DC on Thursday, February 13, 2025. (IANS)
Business

Tesla Has To Manufacture In India, PM Modi And Elon Will Work It Out Soon: Errol Musk

June 2, 2025
Business

Way To Go: Elon Musk’s Father Errol Hails India’s Electric Car Scheme

June 2, 2025
Business

India Inc Posts Stable Q4 Performance Amid Global Headwinds: Report

June 2, 2025
Next Post
Prithviraj Harichandan

52 Lives Lost To Alcohol Consumption In Odisha: Excise Minister

NDRF DG Piyush Anand Pledges Full Support To Myanmar After Devastating Quake

Earthquake Leaves 10 Dead, 101 Missing In Bangkok

Khimji
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.