ALSO READWhy Jaitley should not focus on growth numbers while preparing Budget 2018 Budget 2018: Expect govt to target fiscal deficit at 3% of GDP, says report Farm income security India Inc seeks income tax cap of 20% in pre-budget meet with Jaitley Budget 2018: Will Arun Jaitley meet power industry's Budget expectations?
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 February 1.