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Pre-Budget Consultation: States seek more fiscal support for capex plans
States urged the Centre for increased interest-free loans, greater capex scheme flexibility, and a higher borrowing limit to boost their economies. They also requested disaster relief funds, Jal Jeevan Mission assistance, and state-specific infrastructure projects. The finance minister highlighted increased devolution to states under the 15th Finance Commission.
Jaisalmer: Several states Friday asked the Centre to enhance the allocation under 50-year interest-free loans while continuing the window, provide greater flexibility for assistance under the capex scheme and increase the borrowing limit to support their local economies. In a customary pre-budget consultation with Union finance minister Nirmala Sitharaman, a few states also said they wanted a borrowing mechanism for some of their agencies on the lines of the central agencies.
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