FM Nirmala Sitharaman Holds Pre-Budget Consultations With Trade Unions Ahead Of Union Budget 2026-27

FM Nirmala Sitharaman Holds Pre-Budget Consultations With Trade Unions Ahead Of Union Budget 2026-27

Pre-Budget Consultations: Union Finance and Corporate Affairs Minister Nirmala Sitharaman on Tuesday chaired the 10th Pre-Budget Consultation with representatives of trade unions and labour organisations as the government begins groundwork for the Union Budget 2026-27.

The meeting, held in New Delhi, is part of the ministry's annual stakeholder engagement process, where labour bodies present their concerns on wages, social security, employment generation, and worker welfare ahead of the Budget.

“Union Minister for Finance & Corporate Affairs Nirmala Sitharaman chairs the 10th Pre-Budget Consultation with representatives of trade unions and labour organisations in connection with the forthcoming Union Budget 2026-27, in New Delhi, today," the Ministry of Finance said in a post X.

Union Minister for Finance & Corporate Affairs Smt. @nsitharaman chairs the 10th Pre-Budget Consultation with representatives of trade unions and labour organisations in connection with the forthcoming Union Budget 2026-27, in New Delhi, today.The meeting was also attended by… pic.twitter.com/gLqo9pwViv

— Ministry of Finance (@FinMinIndia) November 20, 2025

According to the post, the session was also attended by Minister of State for Finance Pankaj Chaudhary, senior officials from the Department of Economic Affairs, the Ministry of Labour and Employment, and the Chief Economic Adviser.

The consultations with labour groups are among a series of interactions the Finance Ministry is conducting with different sectors to shape policy priorities for the upcoming financial year.

So far, nine rounds of pre-budget meetings with economists, farmer associations, tourism & hospitality, IT sector, BFSI, manufacturing sector, startups, capital markets, and MSMEs have been conducted as the Budget preparation process gathers momentum. Some more will take place.

Sitharaman, who would present her ninth consecutive Budget likely on February 1, will present the annual account in the backdrop of geopolitical uncertainties and the steep US tariff of 50 per cent imposed on shipments from India.

On Wednesday, November 19, Finance Minister Nirmala Sitharaman held pre-budget consultations with top leaders of the IT sector, as the USD 280 billion industry confronts AI disruptions, global uncertainties, and increased H-1B visa costs in its largest market, the US. While the industry executives remained tight-lipped after the meeting about Budget wishlist, it is learnt that the discussions ranged from building computing capacities in India, to scaling up skilling initiatives, given the disruptions and opportunities around AI.

The meeting was attended by industry honchos including Preeti Lobana, Vice President and Country Manager at Google India; Rajesh Varrier President – Operations, Chairman and Managing Director of Cognizant India; Sindhu Gangadharan, Chairperson of industry body Nasscom, and Managing Director of SAP Labs India among others.

On Tuesday, the FM had held similar round of consultations with founders and senior executives of startups.

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In a post on LinkedIn, Aman Gupta, Co Founder of BoAt said he had shared thoughts on ESOP taxation reform and how simplifying it can unlock wealth creation at every level for team members, and future builders.

“For the first time, startups were invited at this platform and it truly felt like a big moment for the ecosystem. Grateful to represent our founder community," Gupta wrote.

Source: News18
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