June    2020

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15th Finance Commission Concludes Mumbai Visit

The 15th Finance Commission addressed the media in Mumbai today, briefing them about the discussions that took place in the Commission’s meetings with RBI, banks and eminent economists during the Commission’s two-day visit to the city during May 8 – 9, 2019.

Stating that the visit of the Commission was very productive, the Chairman said:

The meetings have sharpened the Commission’s understanding on some of the key things that need to be kept in mind for continued macroeconomic stability. A careful examination was made into the issues of debt, particularly as stated in the RBI’s Annual Report on State Debt Figures. The overall debt picture of the states and the way they have complied with the ingredients of the Macroeconomic Management Bill is being looked into closely. This is an area we have had a very useful discussion.

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