Arun Jaitley had proposed to set up a Public Debt and Management Agency.
Jaitley said there was a need for the banking sector to fund infrastructure and manufacturing sectors to support the ambitions of higher growth.
India on Saturday strongly demanded creation of global safety nets to address concerns over volatility in currency movements and markets.
Jaitley mentioned that the use of technology has helped in improving the system of filing income tax returns and expeditiously providing refunds
Finance Minister Arun Jaitley on Wednesday drove over to Rahul Gandhi's 12 Tughlak Lane bungalow to personally invite the Congress vice-president to his daughter Sonali's wedding.
Bharatiya Janata Party leader Arun Jaitley feels ministers in the Manmohan Singh government are either "arrogant or sulking" and that it was tough to have a dialogue with them.
Jaitley, who is holding pre-Budget meetings with different stake holders, said it is the policy of the new government that 'Team India' will not be limited to the government sitting in Delhi but will also include states as equal partners in the growth.
His statement assumes significance in the light of scams in the state-owned banks.
Finance ministry tells PM fiscal deficit target will be met, capex expenditure won't be cut and GDP growth will surpass 7.5%.
Finance Minister Arun Jaitley presented the Budget in Parliament on Saturday.
"If the money is legitimate which had been previously withdrawn from bank or earned legally and saved and had been disclosed, there is nothing to worry about," Jaitley said.
Rain gods may be kinder; revenue collections going up: Jaitley
Amid the row over Congress leader Sam Pitroda's remarks, the party on Wednesday asserted that it has no plans whatsoever to introduce an inheritance tax and cited former Union minister Jayant Sinha's remarks to allege that it is the Modi government that wanted to do so.
The meeting, which comes just days before the next bi-monthly monetary policy review on June 3, lasted for about 50 minutes.
Jaitley said recent developments have eroded the credibility of the CBI.
Justifying action against the JNU and the HU students, Finance Minister Arun Jaitley said if slogans are openly raised for terrorists then action is imperative.
The finance minister is "reasonably confident" that when it comes to the crunch, "it would be extremely difficult even for the Congress party to take a contrarian view" on the GST Bill.
Jaitley also dismissed criticism that lower taxes were aimed at helping corporates.
A show cause notice has been issued to him asking him to explain his "anti-party conduct", the party said, adding that further action will depend on his reply.
However, the revised target, 16.7 per cent higher than stated in the interim Budget in February, looks unrealistic.
He slammed those trying to stall passage of the Bill in Parliament saying they were attempting to 'stop progress of the country
Jaitley also said the government will soon unveil reforms for other natural resources sectors along the lines of coal block auctions.
His post-operative recovery was being closely monitored by a team of transplant surgeons, endocrinologist, nephrologist, cardiologist, pulmonologist and critical care experts among others.
The Budget has proposed increasing the income tax exemption limit to Rs 250,000 from Rs 200,000 and raised the ceiling on investment in saving instruments to Rs 150,000 from Rs 100,000 per annum.
Pitching for greater transparency in rule-making and other functions of regulators, Finance Minister Arun Jaitley has asked Sebi to work towards attracting more retail investors to the capital markets.
States also demanded that Budget for 2015-16 should make adequate provisions for central sales tax compensation for early roll out of Goods and Services Tax, a Constitutional Amendment Bill for which was tabled in the Lok Sabha last week.
The GST Council, headed by Jaitley and comprising representatives of all the states, is scheduled to meet in Srinagar on May 18-19 to finalise tax rates on different goods and services after unifying at least 10 indirect taxes into the Goods and Services Tax.
Jaitley said security forces need not use force if the protests are peaceful.
The corporate income tax breaks make up a relatively small part of $80 billion in business giveaways.
'I am being treated for kidney related problems and certain infections that I have contracted,' he said in a tweet.
India needs sustained GDP growth of 9-10 percent - Jaitley
The key numbers in Mr Jaitley's Budget will be looked at closely to assess the extent of revisions they represent over what Mr Chidambaram had presented in February.
Finance Minister Arun Jaitley hailed the decision of RBI to cut the interest rate, saying it is positive for the Indian economy and will certainly help in reviving the investment cycle the government is trying to restore.
The finance minister said the government was open to suggestions.
FM says government policies aim to contain inflation, spur growth.
Investors and manufacturers have long advocated the GST.
Ahead of next Union Budget, Finance Minister Arun Jaitley has hinted at a cut in grants from the Centre to states.
The finance minister said the economy had been slowing.
Adequate currency in circulation, temporary shortage to be tackled quickly, says FM
The government, however, amended the tax laws with retrospective effect to undo the Supreme Court judgement and claim taxes.
