The Reserve Bank of India during a meeting with key members of the 15th Finance Commission said, farm loan waivers and income support schemes are increasing risks to fiscal consolidation of the states.
RBI in a statement also listed out the specific factors that will drive fiscal slippages in the revised estimates of Fiscal Year 2019.
The central government schemes including “the Uday scheme and farm loan waivers and income support schemes are the major concerns according to officials.
Labelling it as “poor fiscal marksmanship“, the RBI further expressed its concerns on deviation in revised estimates.
Whether it is breaking news or a view, your contribution can make a huge difference. Are there topics you want to get people talking about? ... Email us at email@example.com