Page 2 - Frbm Act News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Centre wants states to be 'financially weak', Rao said

Business Today reached out to Rajasthan Chief Minister Ashok Gehlot to understand the situation of the state's economy, and the policy initiatives that are being taken by the government to bring down the deficit and attract investment. 

Centre to treat bank guarantees as part of state government debt

A sharper fiscal target would serve us better Premium Share Via Read Full Story That our Fiscal Responsibility and Budget Management (FRBM) Act is in need of rework has been rather obvious over the past year. Ever since the law’s enactment in 2003, successive governments have moved one step forth and two steps back on the fiscal deficit goal of 3% of gross domestic product (GDP) specified by it. Till this year’s budget, ‘off-balance sheet’ expenses were the standard workaround. Even so, that target was seldom achieved. In this year’s budget speech, the finance minister said that the...

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