“Radical Steps” Required To Boost Manufacturing, Says Jaitley
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Union Finance Minister Talking about Reserve Bank of India (
Jaitley said that he would take into account the suggestions given by the finance ministers of various states while preparing the Union Budget. "Some state FMs even requested that the FRBM limit (Fiscal Responsibility and Budget Management) be raised this year in order to infuse liquidity in the market," he said.
"Most states also wanted centralisation of the CSS (centrally sponsored schemes) so that they could be more attuned to the state requirements. Several states made suggestions with regards to state specific issues. We will consider all these suggestions while formulating our policies in relation to the Budget," Jaitley said.
The finance minister also expressed hope that the growth in FY2015-16 would surpass that in this financial year.
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