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N K Singh bats for keeping a check on the Centre's fiscal consolidation

Singh had recommended the fiscal road map for the Centre and states

Indivjal Dhasmana 

N K Singh
File photo of N K Singh

N K Singh, who headed a panel for suggesting consolidation road map, reiterated the need to constitute a council to keep a check on the Centre's consolidation.

Singh, who heads the Fifteenth Finance Commission, said the panel to review and Budget Management (FRBM) Act had recommended the fiscal road map for the and states.

"However, rules of the game should be the same for both. For state government liabilities, Article 293 (3) provides a constitutional check over borrowings. But there are no such restrictions on the Centre," he said during a panel discussion at the launch of Y V Reddy’s book.

First Published: Fri, March 29 2019. 02:03 IST