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FRBM COMMITTEE
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...- States will continue to run large deficits even after introduction of GST: Report"States are unable to cut expenditures because of large and growing expenditure mandates for the social sector as well as capital spending,...
- Urban sector holds key for double-digit growth: Finance Comm chief NK SinghFRBM committee also recommended that the states should bring down their debt GDP ratio to 20 per cent by the same period.
- FRBM proposal for debt to GDP ratio may come in way of an early ratings upgrade: SBI ResearchIndia has been rated at BBB- at the lowest notch of investment grade rating by major global rating firms and has had a net rating upgrade o...
- Credit profile to improve if India sticks to fiscal path: Moody'sFRBM Committee in its report has suggested that the fiscal deficit, which is the difference between expenditure and receipts, should be bro...
- States be given more leeway to meet deficit targets: FRBM panelFor states, the FRBM panel has suggested a fiscal deficit glide path of 0.16 per cent per annum over a period of eight years.
- FRBM panel recommends 3% fiscal deficit target for FY18-FY20The 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.
- Focus on supply of Rs 500 and lower denomination notes: Shaktikanta DasExplaining the reason for coming out with Rs 2,000 notes soon after demonetisation, Das said this was primarily to ensure faster remonetisa...
- FRBM panel recommends establishing a fiscal councilThe proposed fiscal council is a similar recommendation line given by 14th Finance Commission but the government so far has resisted to imp...
- Modify FRBM Act but avoid activism, says Economic SurveySurvey says operational framework of law needs to be modified ‘for India of today and tomorrow’.
- Budget 2017: FRBM panel submits 4-volume report to Jaitley"The government will examine the FRBM Committee Report and take appropriate action," the Finance Ministry said.
- 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...
- FRBM panel seeks RBI views, to submit report next month"The FRBM Panel is likely to submit report by January 13. The panel has sought RBI's view on fiscal consolidation path," sources said.
- 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...
- Committee invites public comments on review of FRBM road mapThe committee was asked to examine the need and feasibility of having a 'fiscal deficit range' as the target in place of the existing fixed...
- FRBM panel holds first meeting; to consult state governments, expertsEarlier this month, the government formed a committee under Singh to review the working of the 12-year old Fiscal Responsibility and Budget...
- FY18 fiscal deficit target may be set at 3-3.5% than 3%: BofAAccording to the report, the just-constituted FRBM committee is expected to shift to a growth-oriented fiscal policy and this in turn would...
- Government's fiscal deficit target likely to change to a 'range': Nomura"Currently, the government has a fiscal deficit target at 3% of GDP in 2017-18, but this could be changed to a 'range' post the committee's...
- 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.
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