Mumbai, May 8 -- The necessity of setting up 'State Finance Commissions' was discussed in a meeting between RBI Governor Shaktikanta Das and Finance Commission Chairman N.K. Singh.

The 15th Finance Commission headed by Chairman Singh on Wednesday held a detailed meeting with the Governor and Deputy Governors of RBI here.

According to RBI, one of the key issues discussed during the meeting was the necessity of setting up 'State Finance Commissions' for state governments.

Besides, issues such as public sector borrowing requirements and continuity of the Finance Commission were also discussed.

"It was felt that this (continuity of the Finance Commission) was required more in view of the fiscal management requirements of the states, especia...