E-PaperFiscal Responsibility News
Government abandons revenue deficit targeting
Budget 2018 proposed to stop setting targets on revenue deficit reduction from next year through an amendment in the Fiscal Responsibility and Budget Management framework
3 min read5 Feb 2018Govt may delay implementation of N.K. Singh’s FRBM report
The move gives Arun Jaitley leeway to decide fiscal deficit levels for 2017-18 and 2018-19 when he presents his last full union budget on 1 February 2018
3 min read30 Nov 2017Advice and dissent on India’s fiscal path
The NK Singh committee's report carries a dissent note by the chief economic adviser pointing to absence of consistency between debt and deficit targets prescribed
8 min read5 May 2017What sort of new FRBM do we need
While fiscal rules can indeed be useful, the old FRBM Act was flawed and needs to be replaced by something better
7 min read28 Apr 2017State governments driving fiscal expansion in India
The health of public finances in India will in great measure depend upon the fiscal rectitude of state governments
5 min read25 Apr 2017New fiscal dharma and a rules-based society
The apparent reluctance of India's governments to adhere to fiscal dharma captures the importance of N.K. Singh committee's recommendations
3 min read17 Apr 2017We proposed a paradigm shift in fiscal management: N.K. Singh
N.K. Singh on the importance of FRBM panel's recommendations on the fiscal deficit target of 2.5% by FY23 and increasing importance of states as stakeholders
4 min read13 Apr 2017Why deteriorating state finances should worry us
The increase in deficit will limit the benefits of fiscal consolidation by the central government
4 min read13 Apr 2017N.K. Singh committee recommends 2.5% fiscal deficit target by FY23
The N.K. Singh panel has recommended a debt to GDP ratio of 38.7% for the central government and a fiscal deficit of 2.5% of GDP, both by 2022-23
3 min read13 Apr 2017The unborn must share higher fiscal burden
A Fiscal Responsibility and Budget Management (FRBM) panel will ensure fiscal responsibiltysomething the future generations will thank us for
4 min read19 Oct 2016Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared