Staatliche Geldvernichtung in Sicht fuw.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fuw.ch Daily Mail and Mail on Sunday newspapers.
N K Singh, chairman of the 15th Finance Commission, on Monday flagged the absence of independent fiscal institutions and lack of flexibility for states to deviate from the fiscal consolidation roadmap in times of emergency.
“There is a lack of fiscal institutions in India, it be by your fiscal Council, or by any other institution. While the country has some kind of a fiscal architecture, it does not have independent fiscal institutions,” said Singh during a webinar on India’s Overall Fiscal Architecture, organised by the Centre for Social & Economic Progress.
Then, there is this asymmetry of power between the Centre and the states over fiscal flexibility.
Read more about FinMin permits Rs 2,731 crore add l borrowing by Rajasthan post reforms on Business Standard. The Finance Ministry on Tuesday said it has permitted Rajasthan to borrow an additional Rs 2,731 crore after the state undertook reform in one-nation one ration card system.
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