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    Expenditure Management Committee

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    • Govt must set out fiscal deficit range, not target: Bimal Jalan

      Govt must set out fiscal deficit range, not target: Bimal Jalan

      The Indian government has been very responsible fiscally over the past few years and the practice of setting out specific fiscal deficit targets should be done away with in favour of adopting a deficit range, said Bimal Jalan, former RBI chief and head of the government's Expenditure Management Condition.

    • Widen direct transfer benefits: Bimal Jalan on govt spend

      Widen direct transfer benefits: Bimal Jalan on govt spend

      Expenditure Management Committee has submitted an interim report to Finance Minster, suggesting ways to rationalise ‎government spend, including subsidies for Budget FY16.

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