Frbm

As freebies debate rages, a look at states' contingent liabilities

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

PSU debt serviced by a state to be brought under its FRBM limit: Govt

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

Negative interest rate and financial repression

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?

Fiscal council needed

It will improve policy management

Political economy of fiscal responsibility

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

In search of a new fiscal road map

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

Like Bapu Nadkarni, Modi govt is doing what the situation demands

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

Telangana Cabinet gives nod to GST and FRBM Bills among others

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

FRBM hike not enough; need 0.75 percentage point leeway: Thomas Isaac

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

Why bringing down revenue deficit to acceptable levels is a difficult task

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

'No doubt' on GDP contraction in Q1: CEA Krishnamurthy Subramanian

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

Dismantling of labour laws will take away workers' protection, says Ex-CEA

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

Breaching FRBM limits acceptable in pandemic, roadmap necessary: N K Singh

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

Needed: A National Renewal Fund

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

States want up to Rs 10-trn package from Centre, deficit financing from RBI

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

As the govt's debt rises, will it need another fiscal escape clause soon?

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

15th Finance Commission to set up panel to examine fiscal, debt situation

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

Fifteenth Finance Commission raises concerns on debt levels of states

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

States put the foot down on capex; outlays up 17% during FY15-19

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

FinMin to brief PMO on FRBM, change in financial year

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