FM Nirmala Sitharaman stresses commitment to cooperative federalism

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FM Nirmala Sitharaman stresses commitment to cooperative federalism - Business Standard

Quick Summary:

The FM said the Budget has struck a healthy balance between growth, employment, welfare spending and fiscal consolidation, and promotes cooperative federalism.“I would like to underline our unflinching commitment to cooperative federalism.

She said there were uniform parameters set for the additional borrowing space of up to 0.5 per cent of the GSDP available to the states annually, which is dependent on the implementation of specific reforms in the power sector by the states.

She also furnished data to assert that the record of the ten years of the National Democratic Alliance (NDA) government in generating employment and controlling inflation, despite the pandemic, was better than the ten years of the preceding United Progressive Alliance (UPA) rule.