The Commission is also considering how flexibility can be provided without jeopardising the progress on fiscal consolidation achieved over the years.
IN THE backdrop of the impact of Covid-19 on the economy, strict adherence to the FRBM (Fiscal Responsibility and Budget Management) law may not be feasible and this is the time for forbearance on the issue, said N K Singh, Chairman, Fifteenth Finance Commission. He said the Commission is considering the need to bring in flexibility on that front without really “impairing” the “hard-won battle” on fiscal consolidation.
The Commission is also debating…
