'Parliamentary illiteracy' on fiscal issues needs to be overcome: N K Singh

Former finance commission chairman calls for having a fiscal council to debate policy issues

N K Singh, a former finance commission chairman, has again batted for the need to have a fiscal council after Finance Minister Nirmala Sitharaman shrugged off the idea last month.

"Parliamentary illiteracy on fiscal issues is proverbial. So how does one overcome (and bring about) parliamentary literacy on this entire issue of macroeconomic stability and fiscal policies. In my six years (of being a Rajya Sabha member) I could not get the house to debate on India's five-year plan and fiscal policy for even one hour," Singh said during a discussion on his new book 'Recalibrate: Changing Paradigms'.

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