Finance Minister hints at reform-packed Budget

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New Delhi: A mega gathering of industrialists and planners kicked off in Mumbai on Friday. The event ‘Mumbai Next’ with focus on transforming country’s financial capital into a global financial and entertainment center was inaugurated by Maharashtra chief minister Devendra Fadnavis. Addressing the event via video conferencing, Union Finance Minister Arun Jaitley hinted at more cuts in spending so as to contain it within limits for the current fiscal. Jaitley said that he does not believe in living on borrowed money.

Ahead of the Budget 2015-16 to be unveiled later this month, Jaitley said the government is determined to pursue the path of reforms.

He also said that power, energy, railways and ports will be high on priority for the government and hinted at more public investment into these sectors.