States can amend law to up deficit target to over 3%: Finance panel

While acknowledging that states may face difficulties in raising resources due to Covid-19, 15th finance commission chairman N K Singh on Friday said that they can seek to amend the law to raise fiscal deficit from the mandated 3% of GDP (gross domestic product) to a higher level, although the Centre will need to be on board.



April 25, 2020 at 11:16AM