 "Finance Commission Chairman N K Singh (centre) during a meeting of the 15th Finance Commission with its Economic Advisory Council, in New Delhi, on Friday | Photo: Dalip Kumar")
The Fifteenth Finance Commission has raised concerns over debt levels of states and said there needs to be a road map to bring down state debts to a sustainable level.
“The overall state debt has tended to rise particularly after Ujwal DISCOM Assurance Yojana (UDAY). Going forward, we need to carefully watch debt sustainability and work towards a road map where the overall debt and gross domestic product (GDP) of the government is in conformity with the Fiscal Responsibility and Budget Management (FRBM) Act adopted,” the Commission said through its official Twitter account, after a meeting of Commission members with Reserve
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