FRBM

The net borrowing ceiling of states is mandated by the FRBM Act. However, the upper limit of what their contingent liabilities can be is set by states' own legislative bodies

Such borrowings shall be considered as those availed by the state itself for the purpose of issuing consent under Article 293(3) of the Constitution, says FM Sitharaman

Investments drive growth but how will investors get funds if the savings pile shrinks with no incentive to save in a negative interest rate regime?

It will improve policy management

The economy requires a fiscal battle plan and this, in turn, requires a fiscal responsibility framework

Budget 2021 must overhaul the existing FRBM Act to set feasible targets on deficit and debt

Given its constraints - virus, China and FRBM - it is doing all the right things, that too in the right sequence

The Telangana Cabinet approved several bills, which be taken up for discussion at the Monsoon session of the State Legislative Assembly

In an interview with Dilasha Seth, Kerala Finance Minister Thomas Isaac says if the issue isn't settled, states will have to move Supreme Court

The collapse of the economy following the Covid-19 outbreak may have dealt a body blow to efforts to achieve the targets set forth by the N K singh Committee on FRBM

Subramanian also said that the Centre had gone beyond its means to support states, was keeping its options open regarding deficit monetisation, and that the new privatisation policy would be out soon

India's January-March GDP growth sank to 3.1 per cent, a low not seen in at least 17 years

Singh was speaking after the first meeting of the commission's panel on fiscal consolidation, and a meeting on the commission's panel on the health sector

A 50-year National Renewal Fund of Rs 30 trillion or 15 per cent of GDP needs to be structured immediately

Last month, Union Finance Minister Nirmala Sitharaman had announced a Rs 1.70 trillion central package

Understanding the circumstances under which the finance minister chose to use the escape clause under the FRBM Act will be a useful exercise

The panel may include or seek inputs from former RBI Governor Urjit Patel, former chief economic advisor Arvind Subramanian, Sajjid Chinoy of the PM-EAC, Rathin Roy, among others

The commission said the overall state debt has risen particularly due to UDAY scheme

The expenditure is concentrated primarily on economic services that accounted for around 70 per cent of the spending

The FRBM committee had recommended a fiscal deficit target of 2.5% of GDP