New Delhi, Oct 5 (PTI) States need to improve their financial health to achieve faster poverty reduction goals, J-PAL, part of the Massachusetts Institute of Technology (MIT), Global Executive Director Iqbal Singh Dhaliwal has said.

"The central government's fiscal deficit is fine, but the state governments are facing considerable challenges in terms of their finances and fiscal resources. There are two basic reasons for this.

"One is the addition of schemes after schemes. Whatever programme launched 20 years ago is also running along with what has been launched recently," he told PTI in an interview.

"There is a need for rationalisation of such schemes," he said, adding that schemes which have served their purpose should be phased out, like how we replace our old TV or laptops after th

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