New Delhi, Jan. 30 -- While India has made steady progress on fiscal consolidation at the Centre, concerns are emerging over the deteriorating fiscal position of several states, said Shamika Ravi, member of Prime Minister's Economic Advisory Council (EAC-PM) on Friday.

Speaking to ANI, Shamika Ravi said the central government has been conservative from a deficit perspective.

"Our deficit has only fallen with time, so there is consolidation. However, there is some degree of concern when it comes to the state deficits. There is a need to look at why some states are moving away from the Fiscal Responsibility and Budget Management (FRBM) or the kind of gains they had nearly 15, 20 years back," she said.

Speaking on revising base years for ...