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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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"Holding A Knife To Our Neck": KCR Disses Centre's Coronavirus Package
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".
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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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Distribution Companies Save Rs 15,000 Crore Under UDAY Scheme
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.
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Need To Modify FRBM Act For Tomorrow's India: Economic Survey
It said the country's fiscal experience has underscored the fundamental validity of the fiscal policy principles enshrined in the FRBM Act, 2003.
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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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FRBM Panel Seeks RBI Views, To Submit Report Next Month
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.
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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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Range-bound Fiscal Targets Can Confuse Markets, Says Nomura
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.
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Government To Set Up Panel To Review Fiscal Deficit Target Soon
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.
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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.
-
"Holding A Knife To Our Neck": KCR Disses Centre's Coronavirus Package
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".
-
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.
-
Distribution Companies Save Rs 15,000 Crore Under UDAY Scheme
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.
-
Need To Modify FRBM Act For Tomorrow's India: Economic Survey
It said the country's fiscal experience has underscored the fundamental validity of the fiscal policy principles enshrined in the FRBM Act, 2003.
-
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.
-
FRBM Panel Seeks RBI Views, To Submit Report Next Month
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.
-
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...
-
Range-bound Fiscal Targets Can Confuse Markets, Says Nomura
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.
-
Government To Set Up Panel To Review Fiscal Deficit Target Soon
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.
-
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'.
