It is more difficult to undo the past, than to chart the future, says the Chairman of the 15t Finance Commission N K Singh to ThePrint’s National Affairs editor Jyoti Malhotra. This Budget, he goes on, is a quantum shift and India will not embrace protectionism in narrow terms. Watch #ThePrintUninterrupted​.
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CORRECTION : At 18:11​, Jyoti Malhotra should have said, defence budget gone up by 1.4 per cent, instead of 1.4 crore rupees. The error is regretted.

On The Newshour Debate with Navika Kumar, in order to discuss India’s financial planner, we have with us the man who plans India’s finances, Mr. NK Singh MP, Chairman, 15th Finance Commission, on The NewshourSpecial Edition with Navika Kumar.

On The Newshour Debate with Navika Kumar, in order discuss India’s financial planner, we have with us the man who plans India’s finances, Mr. NK Singh MP, Chairman, 15th Finance Commission, on The NewshourSpecial Edition with Navika Kumar.

Mr. NK Singh speaks on the criticism of proposals and rejects politicization of the panel. He states that every Finance Commission has raised the devolution to states, But the 14th Finance Commission saw a quantum change in that devolution (to states) from 32% to 42%. ‘Central Government spends Rs 3.5 lakh crores per annum on Centrally sponsored schemes’, he added.

‘In the fiscal consolidation roadmap, we've proposed that states could enhance their borrowing capacity by 4%’, explains NK Singh. Watch the video to know more!