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...
GST Council meeting postponed to October 5: SourcesThe Council was earlier supposed to meet on September 19, to take up rate rationalisation and also the more burning issue of compensation c...
Andhra Pradesh goes for power sector reforms to gain on FRBM limitsEven as Andhra emerges among the first states to implement the power sector reforms, the move attracted criticism from the Opposition parti...
Easing FRBM limit by 50bps not adequate, say Kerala, Punjab, criticising Centre's borrowing optionsThe Centre offered two options for states at the GST Council meeting on Thursday to make up for the shortfall in the GST compensation cess ...
GST Council forcing states to borrow: Congress governmentsPuducherry Chief Minister V Narayana Samy, Punjab Finance Minister Manpreet Singh Badal and Chhattisgarh health minister TS Singh Deo addre...
Stimulus package pure 'cheating'; Centre treating states like 'beggars': Telangana CMTelangana CM K Chandrasekhar Rao has hit out at the NDA govt over the fiscal stimulus package, accusing it of treating states like "beggars...
Power ministry dials 15th Finance Commission on discom distress, seeks FRBM relaxations for state borrowingsThe power ministry is learnt to have written to the 15th Finance Commission drawing attention to the exceedingly worrying situation of disc...
PFC, REC plan to offer concessional loans for distribution companiesState-run Power Finance Corp and REC Ltd will offer medium-term concessional loans with two-year moratorium to state electricity distributi...
Extend lockdown by 2 weeks, increase FRBM limit: Telangana CMDuring the lockdown, the Chief Minister said the food processing industry should be allowed to function to ensure that farmers are not put ...
States want FRBM limit raised to 4%CMs seek relaxation in state fiscal deficit limit to deal with additional spending, revenue fall due to Covid-19. Under the fiscal responsi...
Punjab to amend FRBM to raise Rs 928 crore in FY20In order to provide relief to the states on account of lower tax devolution during 2019-20, and in view of the hardships being faced by the...
'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...
States feel FRBM limits set too high for easy expansion of core sectorWith the economic slowdown, the Centre had relaxed fiscal deficit target to 3.5% of gross state domestic product (GSDP) in 2008-09.
- New FRBM law to build cushion for lean periods
The law will help boost govt intervention when private spending falters.
- Plan panel, finmin may spar over FRBM
The 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 goalposts
As the quarterly progress report on Fiscal Responsibility and Budget Management (FRBM) Act is readied for presentation in Parliament on Fri...
- Plan panel for easing FRBM requirements
The PC has suggested a mild relaxation in the FRBM requirement for FY07 to meet the resource gap, even as the finance ministry is insisting...