Business EconomyPosted at: Jul 12 2025 4:33PM


Meghalaya businesses, entrepreneurs voice concern during a meeting with Sitharaman

Shillong, July 12 (UNI) Union Finance and Corporate Affairs Minister Nirmala Sitharaman today chaired a stakeholder interaction here in Meghalaya, where she engaged directly with business leaders, entrepreneurs, industry representatives and citizens.
During the interaction, stakeholders shared a range of observations and suggestions. Key issues included the need to ensure a balanced approach to development that upholds environmental sustainability, the importance of fostering research, development, and financial assistance for institutions involved in R&D, and greater policy attention for the hospitality sector.
The stakeholders also highlighted the need to bring local industries under the Targeted Champion Sector Scheme, extend better access to credit and markets for startups and MSMEs, especially those rooted in the northeast, and enhance Central infrastructure investments to boost regional industrial growth.
Local businesses and entrepreneurs also voiced concerns over high logistics costs due to the region’s geographical challenges, with calls for rationalised transport subsidies to improve competitiveness.
Welcoming the inputs shared by the stakeholders, Sitharaman reaffirmed the Union Government’s commitment to inclusive, responsive, and region-specific governance.

She underscored the importance of participatory policy-making and stressed that the government is actively working to make tax systems and financial frameworks more accessible and efficient for all stakeholders.
The Finance Minister also encouraged continued engagement between citizens, industry, and policymakers as a means to co-develop effective development strategies.
To facilitate structured follow-up, the Union Minister advised that such proposals and sectoral concerns be routed through the respective ministries and the Ministry of Development of North Eastern Region (DoNER) for appropriate evaluation and action.
She reiterated the Centre’s dedication to working in close partnership with state governments and local stakeholders to realise a shared vision for a prosperous, sustainable, and innovation-driven northeast.
The interaction programme was organised by the Meghalaya government in collaboration with the Department of Financial Services (DFS), Central Board of Indirect Taxes & Customs (CBIC), and Central Board of Direct Taxes (CBDT).
The session was attended by Central Board of Indirect Taxes and Customs (CBIC) Chairman, Sanjay Kumar Agarwal, CBIC Member Mohan Kumar Singh, and senior officials from the Ministry of Finance, Meghalaya government, and associated departments.
In a notable recognition, during the programme, Sitharaman felicitated Rimiful Shylla and Wanjoplin, who are among Meghalaya’s top women taxpayers, for their commendable contribution to the nation’s tax system.
UNI RRK AKT PRS
Please log in to get detailed story.
Tags: #Meghalaya businesses# entrepreneurs voice concern during a meeting with Sitharaman
More News

Tata Sons likely to induct Tata Steel CMD Narendran to its board

12 May 2026 | 8:40 PM

Mumbai, May 12 (UNI) Tata Sons, which is the principal holding company and promoter of the Tata Group of companies, is considering the induction of Tata Steel CEO & MD TV Narendran as a director to the Tata Sons board as early as next month, since Tata Sons is likely to hold its next board meeting on June 12, according to senior officials. .

see more..

CII Green Cementech 2026 to focus on cement industry’s green transition

12 May 2026 | 7:54 PM

Hyderabad, May 12 (UNI) The 22nd edition of Green Cementech 2026, the flagship annual Conference and Expo of the Confederation of Indian Industry for the cement sector, will be held on May 14 and 15 at the Hyderabad International Convention Centre.

see more..

12 May 2026 | 7:12 PM

New Delhi, May 12 (UNI) India's retail inflation for April is recorded at 3.48% on an year on year basis while the food inflation, based on Consumer Food Price Index, in April, 2026 stood at 4.20%, as per the government data. .

see more..

Bloodbath continues at Stock Market, Sensex down over 1400 points

12 May 2026 | 6:47 PM

New Delhi, May 12 (UNI) The bloodbath at the dalal street continues on Tuesday with the benchmark indices, the BSE Sensex and the Nifty 50, declined for the fourth consecutive session on Tuesday amid mixed global cues.

see more..

Telangana showcases EV charging success story at national conference in Bengaluru

12 May 2026 | 6:21 PM

Bangaluru/Hyderabad, May 12 (UNI) Telangana showcased its rapid progress in electric vehicle adoption and EV charging infrastructure at the National Conference on “Enabling Nationwide EV Charging Infrastructure under the PM E-DRIVE Scheme” held in Bengaluru on Tuesday.

see more..