New Delhi: Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, held Pre-Budget consultations with Finance Ministers of States and UTs (with legislature) here today. The meeting was attended by Chief Ministers of Goa, Haryana and Puducherry, Deputy Chief Ministers of Arunachal Pradesh, Bihar, Delhi, Tamil Nadu and Tripura, as well as 17 Finance Ministers/Ministers representing their states, and senior officers from the Union Government and States. Union Minister of State for Finance & Corporate Affairs Anurag Singh Thakur also attended the meeting.
Sitharaman elucidated the Union Government’s philosophy of ‘Cooperative Federalism’ and steps taken by the Union Government to bolster growth of the economy. State Governments welcomed the opportunity to present their views and expressed their suggestions on growth, investment, resource requirement and fiscal policy, said the Ministry of Finance in a Press communication, adding that they also suggested measures to strengthen cooperation between States and the Centre to attain a $5 trillion economy.
FM Sitharaman welcomed the suggestions made by States and UTs in the meeting, and assured that the memoranda submitted by States and UTs will be examined and suitably considered.
Since the week began, Sitharaman has met with representatives of CIL, FICCI, ASSOCHAM, FIWE, FIEO and other industry organisations to discuss trade & services, and with representatives of of CII, IFFCO, NABARD, NRAA and other organisations to discuss the agricultural sector and agro processing industries.
FM Sitharaman also met with representatives of IIM, ISB, Apple, Paytm, Jio and others to discuss fintech, startups and digital economy, and later with reps of RBI, SBI, SEBI, ICICI, PNB and others to discuss the financial sector & capital markets.
Subscribe to Indus Dictum to receive a briefing about the latest news & feature articles. No spam, we promise.