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ESCAPE CLAUSE
Hidden risks in mortgaged properties: Essential due diligence steps for safe buyingA Supreme Court ruling in 2025 favored a land buyer who was defrauded by a seller concealing an existing mortgage. The court affirmed that ...- Kanimozhi, Shashi Tharoor & Kalyan Banerjee reject women’s quota bill as a cover for delimitation pushOpposition parties are strongly opposing a new bill that links women's reservation to delimitation. They argue this move unfairly impacts s...
- Iran's ousted Shah’s son rejects US ‘regime change’ claim, says Tehran still under same rulersReza Pahlavi, son of Iran's ousted Shah, stated that Iranians still need to free themselves from their religious rulers, even after a cease...
- Income tax dept opposes benefits to Jane Street SingaporeIndia's tax office has challenged treaty benefits claimed by Jane Street's Singapore arm, suspecting ₹8000 crore in escaped income. The dep...
- India asks for virtual WTO meet on Covid response, TRIPS reliefLast month, the WTO postponed indefinitely its in-person twelfth ministerial conference (MC12) that was to be held from November 30 to Dece...
- Covid call: India wants WTO to consider 'escape clauses'New Delhi asserted that any WTO response to pandemic without the waiver from Trade-Related Aspects of Intellectual Property Rights (TRIPS) ...
- Escape clause to avoid disputes in pandemic, global response system with other agencies key: India to WTONew Delhi has also said that the WTO, along with other international organisations, needs to put in place a pandemic response system, that ...
- Put Fiscal Responsibility and Budget Management Act on hold to push growth, States tell FMAll the states sought the Centre’s intervention in clearing outstanding dues stemming from lower devolution to the states and GST in FY 202...
- Government can use the escape clause in the FRBM Act to monetise the deficit: Usha ThoratThe RBI, along with the government, would have to ensure the additional borrowing programme does not put pressure on bond yields, said Thor...
- If necessary, Govt could use FRBM escape clause: Former RBI Deputy GovernerThe RBI, along with the government, would have to ensure the additional borrowing programme does not put pressure on bond yields, said Thor...
- Invoke escape clause under FRBM, says former RBI deputy governor Rakesh Mohan as he warns of huge fiscal costWhatever government announces now, will have to be larger in scale than before, Rakesh Mohan said.
- Time to invoke the FRBM escape clause: Rakesh MohanA support to specific sectors has to come from the government, says Former Deputy Governor of RBI
- 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...
- Fiscal deficit target raised to 3.8 per cent from 3.3 per cent for FY20The government has utilised 'escape clause' under the Fiscal Responsibility and Budget Management (FRBM) Act which provides it leeway for r...
- 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...
- Expert panel suggests reducing central and state government debt to 60% of GDP by FY23Adopt fiscal deficit as the key operational target consistent with achieving the medium-term debt ceiling, said the report of the panel.
- Chief economic advisor submits dissent note on FRBM panel reportArvind Subramanian disagrees with the report's key constituents saying that "the new architecture would be a corset on fiscal policy".
- Budget 2017: Decision on FRBM Review Panel report in due course: FM Arun JaitleyJaitley said the Committee has also provided for 'Escape Clauses', for deviations up to 0.5% of GDP, from the stipulated fiscal deficit tar...
- Budget 2012 India: Why returning NRIs should watch for new clause in Wealth Tax ActA new provision in the Wealth Tax Act is likely to impact NRIs who have returned to India, especially those with significant asset holdings...
- New clause helps CIL escape liability for short suppliesCoal India has tweaked a clause in its fuel supply agreements to escape penalty even while supplying only half of the contracted amount to ...
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