Tag: Frbm Act

Bhubaneswar: In an effort to create more fiscal space to finance higher capital outlay and takeover the debt burden of PSUs, the state government today decided to suitably amend the Odisha Fiscal Responsibility and Budget Management (FRBM) Act, 2005. A proposal in this regard was approved at the cabinet meeting presided over by Chief Minister […]

New Delhi: RBI Governor Shaktikanta Das on Saturday said the budget proposals will not have much inflationary impact as the government has by and large remained within the fiscal deficit roadmap set under the FRBM Act. The Union Budget earlier this month raised the fiscal deficit target to 3.8 per cent of the GDP for […]