Fiscal Responsibility And Budget Management

Budget 2020 | How to make stimulus work? Govt must prioritise spends

Can the Centre breach the fiscal deficit target? Yes, but with riders

'FRBM panel to relax 2017-18 fiscal deficit target to 3-3.5%'

According to Bank of America Merrill Lynch (BofA-ML), the N K Singh Committee would build cyclicality in setting fiscal deficit projections by switching to a target range (3-3.5 percent) from a point target of 3 percent.

Budget 2017: Jaitley may announce roadmap on fiscal deficit range in Budget

Finance minister could announce a new framework suggesting a fiscal deficit range from 2018-19 setting the stage for replacing the FRBM Act with a new law, giving the govt more flexibility on borrowing & spending; govt awaiting recommendations of NK Singh-panel that is expected to submit report today.

FRBM recommendations may find place in Budget

The FRBM (Fiscal Responsibility and Budget Management) panel is due to submit its report to the Finance Ministry on January 23. This report has recommendations for a new FRBM act.

FRBM Committee to meet Jan 13; report to be out before Budget

Sources say the report will be out before the Budget and will be shared directly with the government and not be made public.

Depositing black money in banks will not make it white: FM

"By just depositing it (unaccounted money), you don't avoid the responsibility of paying tax," he said when asked about surge in deposits in banks following withdrawal of high denomination currency notes.

FRBM to look in to demonetisation's impact on economy: Sources

Sources say that the panel is looking at nominal GDP, inflation, interest rate impact post demonetisation.

Committee invites public comments on review of FRBM roadmap

Comments and suggestions have been sought from stakeholders and general public on the Fiscal Responsibility and Budget Management (FRBM) Act till June 30, the Finance Ministry said today.

We don't know whether Rajan will be reappointed: JPMorgan

Jahangir Aziz of JPMorgan said that it is too premature for the markets to take cues from the frenzy surrounding RBI governor's reappointment. It all depends on who replaces him, he said.

FinMin to approach Cabinet for panel to fix deficit range

"The first step was that in any fiscal management, we have to keep state governments on board... The DEA will be moving a note. We will also be giving our inputs. We will see how the committee if formed... It will eventually go to Cabinet," Finance Secretary Ratan Watal told reporters here.

Govt keen on doing reforms, improving biz climate: Panagariya

The government is very much keen on making India a place having ease of business quotient, Panagariya said adding more is yet needed to be done.

Odisha to amend FRBM Act to create fiscal space

The amendment is being made as per the flexibility provided by the 14th Finance Commission in its Fiscal Consolidation Roadmap to set the fiscal deficit targets and annual borrowing, Chief Secretary A P Padhi said.

Govt to set up panel to review fiscal deficit target soon

In his Budget speech last month, Finance Minister Arun Jaitley had said there is now a school of thought which believes that instead of fixed numbers as fiscal deficit targets, it may be better to have a fiscal deficit range as the target, which would give necessary policy space to the government to deal with ever-changing dynamics.