Speed Post News Network

New Delhi : UnionĀ  Finance & Corporate Affairs Minister Nirmala Sitharaman held the pre-budget consultations with the Finance Ministers of States and Union Territories (with Legislature) here on January 18, 2021. The meeting was held through Video Conference and was attended by Chief Ministers, Deputy Chief Ministers, Finance Ministers, Ministers and Senior Officers from the States/Union Territories and the Union Government.

Union Finance Secretary Dr A B Pandey welcomed all the participants to the deliberation and informed the importance of this particular consultation meeting. The Union Finance Minister highlighted the importance of this meeting as a sign of co-operative federalism and indicated the manner in which the Union Government was strongly supportive of States/Union Territories (with Legislature) fight against the pandemic, according to a PIB release.

Most participants thanked the Union Finance Minister for financially supporting their States/Union Territories during the worst months of pandemic by enhancing borrowing limits and providing back to back loans to States. The participants also gave numerous suggestions to the Union Finance Minister for inclusion in the Budget Speech.