FRBM likely in winter session

Centre considering FRBM panel recommendations; legislative action required to set fiscal road map

Arup Roychoudhury  |  New Delhi 

The government may move for legislative action on a new fiscal policy in the winter session of Parliament. Although the Fiscal Responsibility and Budget Management (FRBM) Committee has provided a draft Bill to replace the FRBM Act, policymakers in the Finance Ministry are deliberating whether to bring in changes through the proposed bill or amend the existing act. “Deliberations on the FRBM panel’s recommendations are ongoing. If we see that incorporating new fiscal targets will not require a new Bill but rather the amendment of the existing FRBM Act, we will do ...

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FRBM likely in winter session

Centre considering FRBM panel recommendations; legislative action required to set fiscal road map

Centre considering FRBM panel recommendations; legislative action required to set fiscal road map The government may move for legislative action on a new fiscal policy in the winter session of Parliament. Although the Fiscal Responsibility and Budget Management (FRBM) Committee has provided a draft Bill to replace the FRBM Act, policymakers in the Finance Ministry are deliberating whether to bring in changes through the proposed bill or amend the existing act. “Deliberations on the FRBM panel’s recommendations are ongoing. If we see that incorporating new fiscal targets will not require a new Bill but rather the amendment of the existing FRBM Act, we will do ... image
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