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It requires the government to limit the fiscal deficit to 3% of the GDP by 31 March 2021

Term of the day: What is FRBM Act?

1 min read . 21 Jan 2020
The NK Singh committee to review India’s fiscal discipline rules has recommended enacting a new Debt and Fiscal Responsibility Act after repealing the existing Fiscal Responsibility and Budget Management (FRBM) Act, and creating a fiscal council. Photo: HT

What sort of new FRBM do we need

7 min read . 28 Apr 2017
Graphic: Naveen Kumar Saini/Mint<br />

Indian states’ middle-income trap

4 min read . 10 May 2016
Photo: Pradeep Gaur/Mint<br />

Time for a brand new FRBM Act

8 min read . 30 Mar 2016
<br />Illustration: Jayachandran / Mint<br />

For a return to fiscal sanity

2 min read . 30 Jun 2009
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