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PMEAC for including expense targets in fiscal discipline23-OCT-09
The Prime Minister’s Economic Advisory Council (PMEAC) has suggested that various government departments should be given expenditure targets as part of fiscal responsibility.
Rosaiah for balance between growth and inflation18-SEP-09
Andhra Pradesh chief minister K Roasiah said the central and state governments had a task to strike a balance between growth and inflation. The three fiscal stimulus packages announced by the central government infused liquidity for maintaining economic growth.
Subir Gokarn: Fiscal scenarios13-JUL-09
The Union Budget for 2009-10 estimated that the fiscal deficit for the current year would be 6.8 per cent of GDP, 1.3 percentage points higher than the interim budget had projected.
Chaitanya Kalbag: Deficit sets alarm bells ringing12-JUL-09
The government's fiscal profligacy has made a mockery of the FRBM Act.
Govt to return to FRBM target at the earliest: MoS finance10-JUL-09
The government today said it will return to the FRBM target for fiscal deficit at the earliest, as soon as the negative effects of the global economic crisis on India are overcome.
Web Excl: Analysis of Report Card on implementation of Kelkar Committee04-JUL-09
The Report of the Task Force on the Implementation of the Fiscal Responsibility and Budget Management (FRBM) Act, 2003 (‘the Second Committee Report’) was presented in July 2004 and is popularly known as the Kelkar Committee Report. It aimed at reducing fiscal deficits within the country.
Spread fiscal deficit target over 5-6 yrs: Govt01-JUN-09
The government has put forward a proposal to do away with the yearly fiscal deficit target from the next financial year (2010-11). Instead, it wants to fix the target as an average over an economic cycle of five to six years.
Economic reforms the next stimulus: Pranab28-MAY-09
Putting forward the broad economic agenda for the next five years, Finance Minister Pranab Mukherjee said the next round of stimulus for growth would be in the form of economic reforms, and the government has already identified the plan of action.
Renu Kohli: Time to rework the FRBM21-MAY-09
It needs to take into account the permanent and transitory components of the deficit.
Rising fiscal deficit not a cause for worry: Virmani06-APR-09
Rising fiscal deficit following the stimulus packages provided by the government to boost economy is not a cause of worry, said Chief Economic Advisor in the Department of Economic Affairs Arvind Virmani.
Link between interest rates and yield has broken down, say experts24-MAR-09
Monetisation of sovereign debt, which is just like printing money to fill the gap in government finances, is being proposed as a way to bring down the yield on government securities (g-secs), experts say.
Fiscal deficit to remain high in FY10: CMIE19-MAR-09
The gross fiscal deficit is expected to remain high in fiscal FY 10, for the second consecutive year, Centre for Monitoring Indian Economy (CMIE) said in its monthly review here.
Govt presses rewind button on FRBM17-FEB-09
FISCAL DEFICIT: The fiscal deficit this financial year is expected to touch 6 per cent of GDP, the highest in seven years.
Review FRBM Act, Centre, states told28-JAN-09
The Reserve Bank of India (RBI), in its third quarter monetary policy review, has highlighted the need for the central and the state governments to revise fiscal responsibility and budgetary management (FRBM) mandate, given the acuteness of the economic slowdown and its impact on the financial health of the country.
Govt should suspend FRBM Act for 2 years: Abhijit Sen09-DEC-08
In order to step up public expenditure to battle economic slowdown, the government should suspend the Fiscal Responsibility and Budget Management (FRBM) Act for two years, said Planning Commission
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