Recent Highlights
All Stories for Frbm Act
Jobs numbers: Govt is fighting a big trust deficit on data credibility; budget was a missed opportunity to clear the air
Dinesh Unnikrishnan123 • 6 years agoA 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
• 6 years agoPresenting 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?
Dinesh Unnikrishnan123 • 6 years agoA 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
Madan • 6 years agoFiscal 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?
Dinesh Unnikrishnan123 • 6 years agoThe 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
Fp Staff • 6 years agoFirstpost 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
Madan • 8 years agoThe 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
• 8 years agoNew 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
Fp Staff • 9 years agoAndhra 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'
S Mohammed Irshad • 9 years agoIt proposes a tax of collecting and sharing system by integrating existing indirect tax collection schemes.