An insightful RBI report on state finances4 min read 13 Jul 2017, 07:33 AM IST
The report essentially brings forth the issue of the 'absence of fiscal marksmanship in states'
In the midst of all the hullabaloo regarding the announcement of loan waiver in several states, I am surprised that not enough has been written on the Reserve Bank of India (RBI) report on state finances. This report is an annual publication of RBI which highlights the status of states’ fiscal health and weaves a topical issue into the narrative. Over the last few years, the quality of the report has ratcheted up significantly in terms of exposition, coverage and analysis.
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