Fiscal Council

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

It will improve policy management

Tune in to this podcast to learn which big schemes could get more funding and which the axe, and if setting up multiple bad banks would be a good idea, among other things

India will have to address the big fiscal prudence challenge, which is not captured by the fiscal deficit/GDP metric

FRBM panel had recommended a fiscal council after studying 40 advanced and emerging economies

Fiscal councils can be part of the executive or legislature

Officers, economists in FinMin have enough knowledge. There is no need to add few more of same breed

FRBM committee suggested setting up such a panel after studying examples of 40 economies