Reserve Bank of India (RBI) governor Shaktikanta Das has expressed need to stick to the fiscal roadmap by adopting a commonly agreed expenditure code-based spending plan to address the socioeconomic challenges.He also advocated giving permanent status to the finance commission.
Das said that there is now general agreement about the importance of fiscal consolidation roadmaps both at national and state levels. He also expressed need to ensure broad consistency between various finance commissions so that there is some degree of certainty in the fund flow, especially to the states and added that this has become more critical in the post-GST scenario.
Besides, RBI Governor noted that the challenge for the GST Council now is to realise the full potential of GST for enhancing tax-GDP ratio and work on other areas of India's economy to enhance its competitiveness.
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: