Finance panel's advisory council bats for support to small players, NBFCs

The Commission will wait for gross domestic product (GDP) data in the January-March and April-June quarters before finalising its reports to the government for 2021-22 to 2025-26

The recommendations made by the Fifteenth Finance Commission (FC) for the health sector, in its report for 2020-21, will require a ‘fundamental rethink’ in light of the Covid-19 pandemic, the commission’s Chairman N K Singh said on Friday.
 

Singh also said that in the past two days, there were discussions on whether the 15th FC’s other recommendations will have to be revisited as well. Singh was briefing the media after two days of deliberations with the 15th FC’s advisory council.
 

The advisory council of the FC batted for expenditure support to small scale firms and non-banking financial companies (NBFCs), whose