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 2018While fiscal rules can indeed be useful, the old FRBM Act was flawed and needs to be replaced by something better
7 min read28 Apr 2017The health of public finances in India will in great measure depend upon the fiscal rectitude of state governments
5 min read25 Apr 2017The FRBM Act 2003 has many flaws and we need to reflect on five issues and produce a truly modern act
8 min read30 Mar 2016The full utility of the agreement on monetary policy framework between RBI and the government can be seen as an important first step
4 min read3 Mar 2015Govt should rein in spending, sell assets
4 min read25 Feb 2010A neighbour-friendly budget or a game-changing one?
2 min read7 Jul 2009Economic Survey prescribes tax cuts as part of another stimulus
2 min read2 Jul 2009The 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