In its two-day virtual meeting, which began on Thursday, the Advisory Council felt that the magnitude of the impact of the ongoing lockdown on public finances is uncertain, but will certainly be significant New Delhi: The advisory council of the 15th Finance Commission on Friday observed that the government needs to follow a nuanced approach in its fiscal response to fight the economic slowdown induced by the Covid-19 pandemic and focus on designing the package as much as on the size of it.
In its two-day virtual meeting, which began on Thursday, the Advisory Council felt that the magnitude of the impact of the ongoing lockdown on public finances is uncertain, but will certainly be significant. “Governments will have substantial