For states, the FRBM panel has suggested a fiscal deficit glide path of 0.16 per cent per annum over a period of eight years.

Arvind Subramanian disagrees with the report's key constituents saying that "the new architecture would be a corset on fiscal policy".

The FRBM committee in its report has recommended fiscal deficit to be cut to 2.8 per cent in 2020-21 fiscal and to 2.5 per cent by FY2023.

The proposed fiscal council is a similar recommendation line given by 14th Finance Commission but the government so far has resisted to imp...

Survey says operational framework of law needs to be modified ‘for India of today and tomorrow’.

In 2005-06 Budget, then FM P Chidambaram had hit the pause button, citing strain on the budget due to recommendations of the 12th Finance C...

"The government will examine the FRBM Committee Report and take appropriate action," the Finance Ministry said.

At present, the committee is looking at the GDP estimates and revenue collections so far in the current fiscal, FRBM Panel Chief NK Singh s...

"The FRBM Panel is likely to submit report by January 13. The panel has sought RBI's view on fiscal consolidation path," sources said.

In 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 ...

Earlier this month, the government formed a committee under Singh to review the working of the 12-year old Fiscal Responsibility and Budget...

The spokesman said this while reacting to some media reports on the points raised in the 2012-13 CAG Report.

The government is likely to come out with a successor to the FRBM Act in the Budget to continue the process of consolidating government fin...

The government may ooze confidence on meeting the targets set out in the Fiscal Responsibility & Budget Management (FRBM) Act for FY08 in i...

Reserve Bank on Wednesday came to the rescue of Finance Minister P Chidambaram, virtually supporting his view that resource mobilisation fo...

As the quarterly progress report on Fiscal Responsibility and Budget Management (FRBM) Act is readied for presentation in Parliament on Fri...

The government is set to specify a target for a reduction in the fiscal deficit in the rules to be framed on the Fiscal Responsibility and ...