Mr. N K Singh,
Chairman, 15th Finance Commission called on the Governor, Reserve Bank
of India (RBI), Dr. Urjit Patel in Mumbai today. During the course of
the discussions, they discussed the technical and other assistance which
the RBI could give enabling the Commission to discharge its wide ranging
Terms of Reference.
The RBI has the data and technical speciality in matters relating to
overall finances. The emerging fiscal scenario and the RBI’s State
Finance Division is a rich repository of information on State finances
over a long period of time. Mr Singh said that the Commission would be
greatly benefitted by the analytical and domain knowledge of the RBI in
these specialised areas. RBI could also assist the Commission in the
preparation of analytical papers and analysis on some of the complex
issues which the Commission would need to address in its Terms of
Reference, Mr Singh concluded.
Mr Arvind Mehta, Secretary to the 15th Finance Commission was also
present at this meeting.