Speed Post News Network
New Delhi : Prime Minister Narendra Modi on June 22, 2021, shared his blog post on reforms, center-state bhagidari, and innovative policy making during Covid times. The post was posted on LinkedIn platform.
In a tweet the Prime Minister said: “Reforms by Conviction and Incentives…my @LinkedIn post on innovative policy making in the time of COVID-19, powered by the spirit of Centre-State Bhagidari.”
The Covid-19 pandemic has come with whole new set of challenges to Governments across the world in terms of policy-making. India is no exception. Raising enough resources for public welfare while ensuring sustainability is proving to be one of the biggest challenges.
In this back-drop of financial crunch seen across the world, do you know that Indian states were able to borrow significantly more in 2020-21? It would perhaps pleasantly surprise you that states were able to raise an extra Rs 1.06 lakh crores in 2020-21. This significant increase in availability of resources was made possible by an approach of Centre-State bhagidari.
When we formulated our economic response to the Covid-19 pandemic, we wanted to ensure that our solutions do not follow a ‘one size fits all’ model. For a federal country of continental dimensions, finding policy instruments at the national level to promote reforms by State Governments is indeed challenging. But, we had faith in the robustness of our federal polity and we moved ahead in the spirit of Centre-State bhagidari.