Arun Jaitley holds pre-Budget meet with state finance ministers, discusses fiscal policy, budgetary measures
The meeting is part of the customary pre-Budget consultation which the Union Finance Minister holds with his state peers
New Delhi: Finance Minister Arun Jaitley on Thursday held pre-Budget consultations with his state counterparts during which they offered suggestions on various fiscal policy and budgetary measures. This is part of the customary pre-Budget consultation which the Union Finance Minister holds with his state peers.
During the meeting, Jaitley said the suggestions made by the states/union territories (UTs) and the memorandum submitted by them would be duly examined and suitably considered while formulating the Budget proposals of 2018-19, taking into consideration the spirit of cooperative federalism.
The meeting was attended by the chief ministers of Himachal Pradesh and Puducherry, the deputy chief ministers of Bihar, Delhi, Gujarat, Manipur and Tamil Nadu, 14 finance ministers/ministers representing their states, among others. The Union Budget for 2018-19 will be presented in Parliament on 1 February.
For full coverage of Union Budget 2018 click here.
most economists expect a 3.2 percent deficit in 2018-19, as the government looks to increase investments in areas such as agriculture.
The purpose behind the introduction of MAT in the Income Tax Act was to bring all zero tax companies and to neutralise the impact of certain benefits/incentives.
Finance ministry lists out benefits of electoral bonds, says scheme to help cleanse entire political funding system
Government says for printing of these electoral bonds secrecy put in place during printing of notes will be adopted