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Fiscal Reforms To Be An Important Ingredient Of New Government

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The new government at the Centre will have a 'fairly robust' economic agenda and needs to support fiscal integrity and reforms, of the 15th Finance Commission, N K said at an conference in last week. Sharing his outlook at the National Conference on Roadmap, noted that fiscal reforms will be an important ingredient of the new government.

He said further that it would be on the wish list of any that the new government will put its weight behind fiscal rectitude which is an important ingredient of long - term growth and macro-economic stability. said labour laws were very complex and need to be revisited along with dispute settlement and processes of land acquisition. Referring to economic challenges, he noted that the central worry is revival of investment and getting the growth trajectory back. He said has moved to a rule- based inflation target to which RBI bound by it.

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First Published: Mon, May 20 2019. 14:27 IST