FRBM panel report likely on Monday

Committee may recommend fiscal deficit target relaxation

A panel tasked with recommending a future fiscal road map, and whose recommendations are likely to be incorporated in the coming Union Budget 2017-18, might present its report to Finance Minister Arun Jaitley on Monday.

The Fiscal Responsibility and Budget Management (FRBM) committee is chaired by N K Singh, a former member of Parliament and an ex-revenue and expenditure secretary. The report was to have been originally given on October 30. That was postponed more than once, after, in turn, being told to consider some recommendations of the 14th Finance Commission, seek the opinion of the Reserve Bank and study the