Frbm Act

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Frbm Act - Total results - 18
Budget 2020: Fiscal deficit target raised to 3.8% from 3.3% for FY20 on revenue shortfall; banks on escape clause to overcome FRBM Act
Business

Budget 2020: Fiscal deficit target raised to 3.8% from 3.3% for FY20 on revenue shortfall; banks on escape clause to overcome FRBM Act

The government has utilised 'escape clause' under the Fiscal Responsibility and Budget Management (FRBM) Act which provides it leeway for relaxation of fiscal deficit roadmap during time of stress.

Why Kaushik Basu’s assessment on GDP debate and his prescription to cure economic slump are confusing
Business

Why Kaushik Basu’s assessment on GDP debate and his prescription to cure economic slump are confusing

Subramanian, after analysing 17 major economic indicators, also said that the weakness seen in the economy after 2011-12 didn’t correlate with the high GDP numbers reported under the new series.

BJP's victory to improve business sentiment, boost private investment: Fitch Ratings
Business

BJP's victory to improve business sentiment, boost private investment: Fitch Ratings

It said that from a credit rating perspective, Fitch would focus on the extent of the next government's efforts to improve India's weak fiscal finances

Economists highlight need for reducing centre, state debt; call for new means to garner revenue
Business

Economists highlight need for reducing centre, state debt; call for new means to garner revenue

During the meeting with the 15th Finance Commission on Wednesday, 12 economists also made a case for improving the quality of budgeting

Jobs numbers: Govt is fighting a big trust deficit on data credibility; budget was a missed opportunity to clear the air
Business

Jobs numbers: Govt is fighting a big trust deficit on data credibility; budget was a missed opportunity to clear the air

A range of data releases including labour bureau survey numbers, CMIE numbers and ground level indicators also have been pointing out a major problems in job generation in the economy.

Budget 2019: Govt prepares road map to reduce fiscal deficit to 3% in 2021-21, eliminate primary deficit
Business

Budget 2019: Govt prepares road map to reduce fiscal deficit to 3% in 2021-21, eliminate primary deficit

Presenting the Union Budget, Finance Minister Piyush Goyal said that the government would have maintained fiscal deficit at 3.3 percent for year 2018-19 and taken further steps to consolidate fiscal deficit in year 2019-20.

Job quotas, loan waivers and now UBI promise: Will Union Budget 2019 halt wave of populist announcements?
Business

Job quotas, loan waivers and now UBI promise: Will Union Budget 2019 halt wave of populist announcements?

A series of populist policies may help the politicians to win elections but they are certainly doing a disservice to the nation in the long-term.

Budget 2019: Adhering to 3.3% target is not sacrosanct, fiscal management allows for enough flexibility to make numbers look agreeable
Business

Budget 2019: Adhering to 3.3% target is not sacrosanct, fiscal management allows for enough flexibility to make numbers look agreeable

Fiscal deficit target is perceived as being the quickest indicator of fiscal discipline being pursued in the country.

Firstpost Editor's Picks: India vs Bahrain in Asian Cup, sympathy for Yogi, govt to breach fiscal deficit target again, today's must-read stories
India

Firstpost Editor's Picks: India vs Bahrain in Asian Cup, sympathy for Yogi, govt to breach fiscal deficit target again, today's must-read stories

Firstpost Editor's Picks: India vs Bahrain in Asian Cup, sympathy for Yogi, govt to breach fiscal deficit target again, today's must-read stories

Govt breaching 3.3% fiscal deficit target no big deal, but then why do we need FRBM Act that no one is serious about?
Business

Govt breaching 3.3% fiscal deficit target no big deal, but then why do we need FRBM Act that no one is serious about?

The government had estimated a fiscal deficit of Rs 6.24 lakh crore, or 3.3 percent of the GDP, for the current fiscal. But, for April-November itself, deficit stood at Rs 7.16 lakh crore, or 114.8 percent of the target.

FRBM recommendations: Why blind obsession for fiscal deficit targets could hurt growth
Business

FRBM recommendations: Why blind obsession for fiscal deficit targets could hurt growth

The new FRBM leaves the rules open to interpretation, which in a way is good from the practical view point

A fairly routine Budget, says former RBI Governor C Rangarajan
India

A fairly routine Budget, says former RBI Governor C Rangarajan

New Delhi: Describing the Union Budget for 2017-18 as "a fairly routine Budget", former RBI Governor C Rangarajan on Wednesday said changing the road map to reach the fiscal deficit target of 3 per cent over the year will make a mockery of the Fiscal Responsibility and Budget Management (FRBM) Act.

Andhra Pradesh CM Chandrababu Naidu urges Centre to relax FRBM norms, seeks more borrowings
India

Andhra Pradesh CM Chandrababu Naidu urges Centre to relax FRBM norms, seeks more borrowings

Andhra Pradesh Chief Minister N Chandrababu Naidu urged the Centre to relax the limit set by the Fiscal Responsibility and Budget Management (FRBM) Act.

#SupportGST: 'It will open up more options to state govts, speed up institutional reforms'
Business

#SupportGST: 'It will open up more options to state govts, speed up institutional reforms'

It proposes a tax of collecting and sharing system by integrating existing indirect tax collection schemes.

Telangana stares at mounting debts as govt plans to borrow more for 400% salary hike for MLAs
Politics

Telangana stares at mounting debts as govt plans to borrow more for 400% salary hike for MLAs

Telangana government is on the hunt for banks to mobilise money for the expensive 400 percent salary hike of the MLAs and MLCs

Budget 2016: This is a make budget for Arun Jaitley, not a break budget, writes Yashwant Sinha
Business

Budget 2016: This is a make budget for Arun Jaitley, not a break budget, writes Yashwant Sinha

Budget 2016 is a make budget not a break budget and it has come as a pleasant surprise.

Little Bang: Economic Survey 2015 takes a realistic view on reforms
Business

Little Bang: Economic Survey 2015 takes a realistic view on reforms

The double-digit growth that the Economic Survey sees as possible is not statistically difficult. More interesting is the practical approach it takes to reforms in a diverse, democratic polity.

Budget 2015: Check out the Finance Commission's tips to fix fiscal deficit
Economy

Budget 2015: Check out the Finance Commission's tips to fix fiscal deficit

The Commission has patted states on the back for largely meeting the fiscal consolidation targets set for them, while rapping the Centre on the knuckles for not being disciplined enough and amending the FRBM Act and Rules at its will.