Budget 2025: Nirmala Sitharaman holds meet with states; Punjab and Kerala seek special financial packages
Nirmala Sitharaman, Punjab and Kerala have requested for special financial packages among other demands by states, reported ETNow quoting its sources.
Additionally, states have demanded higher allocation for 50 year interest free loans, request for more flexibility in the Special Assistance for Capital Investment scheme under this category.
«States urged for an increase in borrowing limits to support fiscal activities and highlighted the need for state-specific road development projects,» said sources, according to the ETNow report.
Furthermore, some States asked the central government to bear a larger share of land acquisition costs for projects, reported ETNow quoting sources.
Along with Union Minister for State for Finance Pankaj Chaudhary, the meeting was also attended by Chief Ministers of Goa, Haryana, Jammu and Kashmir, Meghalaya and Odisha; Deputy Chief Ministers of Arunachal Pradesh, Bihar, Madhya Pradesh, Rajasthan and Telangana; the Finance Ministers of States/UTs.
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