Finance Commission says both union and state governments will have to make substantive expenditures to tackle the unprecedented situation caused by the covid-19 pandemic Finance Commission chairman NK Singh on Thursday said with the centre and states substantially increasing their borrowing limits, the path of return to a sustainable debt trajectory will remain challenging in the medium term. “We must look at much higher growth trajectory in medium term for debt to be manageable.
Government has not allowed go waste the opportunity by undertaking far reaching reform initiatives in agriculture, power and one nation and one card.