Frbm Act

These documents - Macro-Economic Framework Statement and Medium-Term Fiscal Policy cum Fiscal Policy Strategy Statement - are statements under the Fiscal Responsibility and Budget Management (FRBM) Act, 2003.

Telangana Chief Minister K Chandrashekar Rao was scathing in his critique of the centre's economic stimulus plan in response to the COVID-19 crisis on Monday, accusing it of "blackmailing" state governments and "holding a knife to our neck".

"The direct inflationary impact of any budget is fiscal deficit number, when borrowing goes up, but the government has adhered to the principle of fiscal prudence. The ''escape clause'' under FRBM Act, the deficit number in the current year as well as the next year is very much within the parameters set as per FRBM committee recommendations," Mr Da...

The fiscal deficit for FY20 and its roadmap for FY21 could be heading towards a recalibration with the February Budget slated to hint at the targeted 3 per cent fiscal deficit for the next financial year be pushed to 2022-23, people associated with the developments said.

The ministry said these states have taken over the targeted debt of Rs 2.09 lakh crore of their distribution companies under borrowing exemption from the FRBM Act given in UDAY for the years 2015-16 and 2016-17.

It said the country's fiscal experience has underscored the fundamental validity of the fiscal policy principles enshrined in the FRBM Act, 2003.

The five-member panel was tasked to review the FRBM Act in view of suggestions that there should be a broad range for government's fiscal deficit in place of the current practice of having a fixed target.

The report noted that Finance Minister Arun Jaitley is expected to target a fiscal deficit of 3.5 per cent of GDP -- same as that of 2016-17 in his February 1 Budget.

The Committee will examine the need and feasibility of having a 'fiscal deficit range' as the target in place of the existing fixed numbers (percentage of GDP) as the goal.

Facing the twin challenge of fiscal consolidation and safeguarding India against global economic decline and volatility, the government has announced a five-member committee led by Ex Revenue and Expenditure Secretary NK Singh that will review the Fiscal Responsibility and Budget Management or FRBM Act and examine the feasibility of flexible fiscal...

Adoption of a fiscal deficit target range before achieving the 3 per cent goal will be considered as a "shallower path" in the fiscal consolidation process, Japanese brokerage Nomura said on Wednesday.

The finance ministry today said the government will set up a panel in a month to look into the feasibility of setting a range for fiscal deficit targets rather than a fixed figure.

The Union Budget 2016-17 is credit positive, however, the reforms implementation agenda in various sectors as well as achieving revenue growth target remain uncertain, Fitch Ratings said on Tuesday.

Telangana Chief Minister K. Chandrasekhar Rao today met Union Finance Minister Arun Jaitley in New Delhi and urged him to hike the cap prescribed by Fiscal Responsibility and Budget Management (FRBM) Act for raising loans.

Emphasising the need to strengthen public finances, the pre-budget survey said on Wednesday the country requires a new Fiscal Responsibility and Budget Management (FRBM) Act with 'teeth'.

These documents - Macro-Economic Framework Statement and Medium-Term Fiscal Policy cum Fiscal Policy Strategy Statement - are statements under the Fiscal Responsibility and Budget Management (FRBM) Act, 2003.

Telangana Chief Minister K Chandrashekar Rao was scathing in his critique of the centre's economic stimulus plan in response to the COVID-19 crisis on Monday, accusing it of "blackmailing" state governments and "holding a knife to our neck".

"The direct inflationary impact of any budget is fiscal deficit number, when borrowing goes up, but the government has adhered to the principle of fiscal prudence. The ''escape clause'' under FRBM Act, the deficit number in the current year as well as the next year is very much within the parameters set as per FRBM committee recommendations," Mr Da...

The fiscal deficit for FY20 and its roadmap for FY21 could be heading towards a recalibration with the February Budget slated to hint at the targeted 3 per cent fiscal deficit for the next financial year be pushed to 2022-23, people associated with the developments said.

The ministry said these states have taken over the targeted debt of Rs 2.09 lakh crore of their distribution companies under borrowing exemption from the FRBM Act given in UDAY for the years 2015-16 and 2016-17.

It said the country's fiscal experience has underscored the fundamental validity of the fiscal policy principles enshrined in the FRBM Act, 2003.

The five-member panel was tasked to review the FRBM Act in view of suggestions that there should be a broad range for government's fiscal deficit in place of the current practice of having a fixed target.

The report noted that Finance Minister Arun Jaitley is expected to target a fiscal deficit of 3.5 per cent of GDP -- same as that of 2016-17 in his February 1 Budget.

The Committee will examine the need and feasibility of having a 'fiscal deficit range' as the target in place of the existing fixed numbers (percentage of GDP) as the goal.

Facing the twin challenge of fiscal consolidation and safeguarding India against global economic decline and volatility, the government has announced a five-member committee led by Ex Revenue and Expenditure Secretary NK Singh that will review the Fiscal Responsibility and Budget Management or FRBM Act and examine the feasibility of flexible fiscal...

Adoption of a fiscal deficit target range before achieving the 3 per cent goal will be considered as a "shallower path" in the fiscal consolidation process, Japanese brokerage Nomura said on Wednesday.

The finance ministry today said the government will set up a panel in a month to look into the feasibility of setting a range for fiscal deficit targets rather than a fixed figure.

The Union Budget 2016-17 is credit positive, however, the reforms implementation agenda in various sectors as well as achieving revenue growth target remain uncertain, Fitch Ratings said on Tuesday.

Telangana Chief Minister K. Chandrasekhar Rao today met Union Finance Minister Arun Jaitley in New Delhi and urged him to hike the cap prescribed by Fiscal Responsibility and Budget Management (FRBM) Act for raising loans.

Emphasising the need to strengthen public finances, the pre-budget survey said on Wednesday the country requires a new Fiscal Responsibility and Budget Management (FRBM) Act with 'teeth'.