Fiscal Responsibility And Budget Management
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Budget 2023: This Law Plays A Key Role In Government Expenses
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.
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Viral Acharya, Who Quit RBI Last Year, Flagged "Deeply Flawed" Move: Book
Former central banker Viral Acharya warned against the Reserve Bank of India monetizing the government's budget deficit, citing risks to inflation and external sector stability.
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Budget Unlikely To Have Much Inflationary Impact: Shaktikanta Das
"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...
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Budget 2020 May Push Medium Term Fiscal Policy Target To 2022-23: Report
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.
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Stick To Plan To Cut Deficit To Improve India's Credit Profile, Says Moody's
Rating agencies have often red flagged India's high debt-GDP ratio.Government borrows money from market to fund the fiscal deficit, thereby increasing public debt.
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Economists Owe Explanation For False Trauma On Notes Ban: NK Singh
Countering the charge that notes ban had slowed down India's economic growth, BJP's NK Singh, who also heads the centre's Fiscal Responsibility and Budget Management Review Panel, said: "Distinguished economists owe an explanation for having traumatised the nation falsely on the likely negative impact of demonetisation".
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Budget Aims At Fiscal Improvement; Debt A Rating Constrain: S&P
S&P said if the government's reforms "markedly improve" its general government fiscal out-turns so that this ratio falls below 60 per cent, "positive upward pressure on India's sovereign ratings may build".
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Panel Submits Report On Fiscal Consolidation Roadmap To Finance Minister Arun Jaitley
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.
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Panel To Relax 2017-18 Fiscal Deficit Target To 3-3.5%: Report
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.
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Government Forms 5-Member Panel To Review Its Fiscal Targets
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...
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Budget Credit Positive, Uncertainties on Few Fronts: Fitch
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.
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Telangana Chief Minister KCR Urges Arun Jaitley to Hike Cap on Borrowings
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.
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Economic Survey for New Fiscal Responsibility and Budget Management Act
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'.
-
Budget 2023: This Law Plays A Key Role In Government Expenses
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.
-
Viral Acharya, Who Quit RBI Last Year, Flagged "Deeply Flawed" Move: Book
Former central banker Viral Acharya warned against the Reserve Bank of India monetizing the government's budget deficit, citing risks to inflation and external sector stability.
-
Budget Unlikely To Have Much Inflationary Impact: Shaktikanta Das
"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...
-
Budget 2020 May Push Medium Term Fiscal Policy Target To 2022-23: Report
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.
-
Stick To Plan To Cut Deficit To Improve India's Credit Profile, Says Moody's
Rating agencies have often red flagged India's high debt-GDP ratio.Government borrows money from market to fund the fiscal deficit, thereby increasing public debt.
-
Economists Owe Explanation For False Trauma On Notes Ban: NK Singh
Countering the charge that notes ban had slowed down India's economic growth, BJP's NK Singh, who also heads the centre's Fiscal Responsibility and Budget Management Review Panel, said: "Distinguished economists owe an explanation for having traumatised the nation falsely on the likely negative impact of demonetisation".
-
Budget Aims At Fiscal Improvement; Debt A Rating Constrain: S&P
S&P said if the government's reforms "markedly improve" its general government fiscal out-turns so that this ratio falls below 60 per cent, "positive upward pressure on India's sovereign ratings may build".
-
Panel Submits Report On Fiscal Consolidation Roadmap To Finance Minister Arun Jaitley
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.
-
Panel To Relax 2017-18 Fiscal Deficit Target To 3-3.5%: Report
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.
-
Government Forms 5-Member Panel To Review Its Fiscal Targets
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...
-
Budget Credit Positive, Uncertainties on Few Fronts: Fitch
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 KCR Urges Arun Jaitley to Hike Cap on Borrowings
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.
-
Economic Survey for New Fiscal Responsibility and Budget Management Act
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'.
