FRBM

Recent Amendments to FRBM Act

Navigating the New Landscape: Recent Amendments to the FRBM Act and Their Implications The Fiscal Responsibility and Budget Management (FRBM) Act, enacted in 2003, has been a cornerstone of India’s fiscal policy framework, aiming to ensure long-term fiscal sustainability and macroeconomic stability. However, the evolving economic landscape and the emergence of new challenges have necessitated … Read more

N K Singh Committee on FRBM act

The N.K. Singh Committee: Reframing India’s Fiscal Rules The Fiscal Responsibility and Budget Management (FRBM) Act, 2003, was a landmark legislation aimed at ensuring fiscal prudence and sustainability in India. However, over time, the Act’s effectiveness faced scrutiny, leading to the formation of the N.K. Singh Committee in 2016. This committee, tasked with reviewing the … Read more

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