Finance Minister Nirmala Sitharaman on Tuesday said it is time for multilateral institutions like World Bank and IMF to make themselves relevant in the post-pandemic world.
She also said there is a need for debate over 'freebies'.
Speaking at the release of book titled Recalibrate: Changing Paradigm, the minister said, there is a strong case for setting up of Fiscal Council as recommended in the book to further strengthen the fiscal discipline.
The book is authored by Finance Commission Chairman N K Singh and Principal Secretary to the Prime Minister P K Mishra
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