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FRBM ACT
Budget 2025: What is FRBM Act and why it is always discussed during Budget?The Fiscal Responsibility and Budget Management Act, 2003, enacted to maintain fiscal discipline in India, faced challenges and amendments....- What is FRBM Act and why is it always discussed around the Budget?The Fiscal Responsibility and Budget Management (FRBM) Act was enacted in 2003 which set targets for the government to reduce fiscal defici...
- Borrowings by Telangana exceeded FRBM mandated limit, alleges SitharamanUnder the Fiscal Responsibility and Budget Management Act, it is the responsibility of the central government to ensure intergenerational e...
- Former RBI Governor Bimal Jalan says FRBM Act targets may be a bit outdatedWith budget deficits soaring as a result of revenue shortfalls during the Covid-19 pandemic, more and more arguments have emerged regarding...
- Finance Commission recommends FRBM Act revampThe FRBM Act needs to be revamped because of prevailing uncertainty and contemporary realities and challenges, the commission said. The Uni...
- Finance panel to discuss centre, states' Fiscal Responsibility and Budget ManagementAn official statement said the meeting will focus on issues of the final report for 2021-26. The Commission has to submit the report to the...
- FRBM not breached in the union budget: Nirmala SitharamanThe Centre had earlier said it was committed to reduce the fiscal deficit -- the gap between total expenditure and revenue -- to 3 per cent...
- FM Nirmala Sitharaman used the escape clause to relax fiscal deficit targetFinance minister Nirmala Sitharaman revised the fiscal deficit for FY20 to 3.8 per cent and pegged the target for FY21 to 3.5 per cent. Sit...
- Discoms save Rs 15K crore under UDAY schemeThe Ujwal DISCOM Assurance Yojana (UDAY) was launched in November, 2015 and has completed more than 18 months of operation.
- Modify FRBM Act but avoid activism, says Economic SurveySurvey says operational framework of law needs to be modified ‘for India of today and tomorrow’.
- FRBM panel studying GDP and tax numbers to submit report soonAt present, the committee is looking at the GDP estimates and revenue collections so far in the current fiscal, FRBM Panel Chief NK Singh s...
- Fiscal Responsibility and Budget Management panel to submit report by November 20In May this year the govt had formed a five-member committee under former revenue secretary N K Singh to review the working of the 12-year ...
- 'FRBM to act in tandem with Monetary Policy Committee'FRBM is to act in tandem with the inflation targeting of MPC. The idea is to ensure resource flow to the economy, Singh said at an interact...
- Finance department has fully complied with FRBM Act: J&K govtThe spokesman said this while reacting to some media reports on the points raised in the 2012-13 CAG Report.
- Saving the FRBM ActCommitment to fiscal discipline must be more than skin-deep, across the polity.
- Govt may come out with successor to fiscal responsibility lawThe government is likely to come out with a successor to the FRBM Act in the Budget to continue the process of consolidating government fin...
- Congress sends 'power'ful message to FMThe Congress, which appears to have concluded that the path to power lies in populist measures, has asked the finance minister to forget th...
- Plan panel, finmin may spar over FRBMThe Plan panel and the finance ministry could clash once again over the targets set in the Fiscal Responsibility & Budget Management (FRBM)...
- Finmin opposes move to shift fiscal goalpostsAs the quarterly progress report on Fiscal Responsibility and Budget Management (FRBM) Act is readied for presentation in Parliament on Fri...
- Finmin asks all ministries to get cracking on Fisc Responsibility ActThe finance ministry has sounded a note of alarm on the implementation of the Fiscal Responsibility and Budget Management (FRBM) Act.
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