Frbm Act

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

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?

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

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

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.

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

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

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

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'

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