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About 26 results for "frbm"

FRBM not breached in the Union Budget: Sitharaman
Times of India

FRBM not breached in the Budget, says Sitharaman

Soon information is going to go completely invisible: CEO of Samsung STAR Labs Hindu Business Line, 1 day ago
Taking cue from FRBM Act, FM tinkers with fiscal math Hindu Business Line, 2 weeks ago

2 images for "frbm"

Times of India, 1 day ago
Economic Times, 1 day ago
Rediff.com

Govt ups fiscal deficit target to 3.8% for FY20

The government has utilised 'escape clause' under the FRBM Act which provides it leeway for relaxation of fiscal deficit roadmap during time of stress. Illustration: Uttam Ghosh/Rediff.com The government on Saturday raised fiscal deficit target to 3.8 per cent of the GDP from 3.3 per cent pegged earlier for 2019-20 due to revenue shortage. "We estimate a fiscal deficit of 3.8 per cent in RE (revised estimate) 2019-20 and 3.5 per cent for BE (budget estimate) 2020-21.   This estimation is ...
 Rediff.com2 weeks ago Not a full thali, only morsels for everyone  Hindu Business Line2 weeks ago Govt proposes to use FRBM emergency escape clause to boost growth  Daiji World2 weeks ago Fiscal deficit target raised to 3.8 per cent from 3.3 per cent for FY20  Economic Times2 weeks ago
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Rediff.com

'Getting rid of tax exemptions is a right move'

'If you do quick back-of-the-envelope calculation, someone earning Rs 10 lakh can get a benefit of anywhere between Rs 35,000 and Rs 45,000, even if s/he is availing exemptions.''A large proportion of people do not avail full exemptions as they don't have money to invest in those schemes.' Illustration: Dominic Xavier/Rediff.com   "We need to keep working to have a flat tax and no exemptions," Chief Economic Advisor Krishnamurthy Subramanian tells Arup Roychoudhury and Dilasha Seth.
 Rediff.com5 days ago
Rediff.com

Coronavirus outbreak: 'Opportunity for India to expand exports'

Chief Economic Advisor Krishnamurthy Subramanian said China imports a lot of components, parts, assembles and integrates and then exports them. The coronavirus outbreak in China provides an opportunity for India to expand exports, Chief Economic Advisor Krishnamurthy Subramanian said on Wednesday. India is one of China's leading trade partners in Asia and has a huge trade deficit with that country.   "It's very hard to say how this will manifest in terms of India's trade relations with ...
 Rediff.com5 days ago
Economic Times

Sitharaman takes dig at Chidambaram's doctor remarks

Replying to the opposition charge of government overshooting fiscal deficit target prescribed in Fiscal Responsibility and Budget Management (FRBM) Act, she said the Narendra Modi government has always respected the FRBM and kept the discipline of FRBM Act.
 Economic Times1 week ago FM takes dig at Chidambaram's doctor remarks  Times of India6 days ago
Rediff.com

Panel to examine fiscal, debt situation likely

The panel may include or seek inputs from former RBI Governor Urjit Patel, former chief economic advisor Arvind Subramanian, Sajjid Chinoy of the PM-EAC, Rathin Roy, among others. The Fifteenth Finance Commission (15th FC) will set up a panel later this month to examine the fiscal and debt situation of the Centre and states and present a road map, on the lines of the erstwhile Fiscal Responsibility and Budget Management panel, the Commission’s chairman N K Singh said on Wednesday. The ...
 Rediff.com1 week ago
Rediff.com

15th Finance Commission report: Devolution for FY20-21 cut marginally

This is due to the newly formed Union Territories of Jammu and Kashmir, and Ladakh, which will get funds from the Centre’s share, which means devolution will be for 28 states compared to 29 earlier. Illustration: Dominic Xavier/Rediff.com The Fifteenth Finance Commission (FC), in its report for fiscal year 2020-21, has recommended a marginal reduction in the vertical devolution of the divisible tax pool to 41 per cent from the prevailing 42 per cent. This is due to the newly formed Union ...
 Rediff.com2 weeks ago
Rediff.com

Stock market's reaction on budget surprising: Niti Aayog VC

Niti Aayog vice chairman Rajiv Kumar expressed surprise over the stock market reacting negatively on the budget proposals, saying investors probably expected some big bang reforms and ignored the initiatives towards investment and growth.  Kumar in an interview to PTI said the budget has done nothing wrong, and it has "ticked all the boxes".  Giving a thumbs down to the budget, the market benchmark Sensex logged its biggest single-day plunge in more than a decade, wiping out Rs 3.46 ...
 Rediff.com2 weeks ago

Economists tell Sitharaman to focus on reviving growth

At a pre-Budget meeting, the FM was asked to ensure that NBFCs come out of the liquidity crisis they are facing with the help of RBI. They also spoke about the futility of trying to achieve a 3 per cent fiscal deficit target over the medium term. A number of economists on Friday advised Finance Minister (FM) Nirmala Sitharaman and her officials to focus on reviving economic growth and leave aside fiscal concerns for a while. At a pre-Budget meeting, the FM was asked to ensure that non-banking ...
 Rediff.com1 month ago

Fitch cuts India's FY20 growth forecast to 4.6%

Fitch reaffirmed India's rating at 'BBB-' with a Stable Outlook saying the rating balances a still strong medium-term growth outlook compared with similar category peers and relative external resilience stemming from solid foreign-reserve buffers against high public debt, a weak financial sector and some lagging structural factors, including governance indicators and GDP per capita. Illustration: Dominic Xavier/Rediff.com Fitch Ratings on Friday cut its growth forecast for India to 4.6 per ...
 Rediff.com1 month ago
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