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RBI Governor Das underlines need to stick to fiscal targets
Mar-20-2019

Reserve Bank of India (RBI) governor Shaktikanta Das has expressed need to stick to the fiscal roadmap by adopting a commonly agreed expenditure code-based spending plan to address the socioeconomic challenges.He also advocated giving permanent status to the finance commission.

Das said that there is now general agreement about the importance of fiscal consolidation roadmaps both at national and state levels. He also expressed need to ensure broad consistency between various finance commissions so that there is some degree of certainty in the fund flow, especially to the states and added that this has become more critical in the post-GST scenario.

Besides, RBI Governor noted that the challenge for the GST Council now is to realise the full potential of GST for enhancing tax-GDP ratio and work on other areas of India's economy to enhance its competitiveness.

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