<h1>Economists and Finance Commission Discuss Uniform Borrowing Limits and Fiscal Consolidation Challenges for Centre and States.</h1> Leading economists and the Fifteenth Finance Commission discussed the need for uniform borrowing limits for both the Centre and States under the Fiscal Consolidation roadmap. They emphasized using contemporary population data, balancing equity with efficiency, and rewarding population stabilization efforts. Key issues included the impact of the Planning Commission's abolition on resource allocation, GST uncertainties, and the need for reliable data for revenue projections. The discussion also covered state financial stress due to power sector liabilities, the future of Centrally Sponsored Schemes, and the need for a holistic approach to local bodies and panchayats. Continued expert engagement was deemed essential for formulating effective fiscal strategies.