Fiscal Responsibility and Budget Management Act Current Affairs, GK & News
The Fifteenth Finance Commission is to set up a panel soon, which will examine the fiscal and debt situation of the Centre and states. This panel is to be headed by the Chairman of the 15th Finance Commission N.K.Singh. It will present a road map on the lines of the erstwhile Fiscal Responsibility and Budget ..
India’s fiscal deficit reached almost 71% of its full-year target in the first half of the year, casting doubts over its ability to meet budget goals as central finances feel the pressure of squeezed revenues and slowing growth. India’s fiscal deficit from April to September was Rs 2.92 lakh crore ($60.1 billion),71% of the Rs ..
Category: Government Schemes Current Affairs
Topics: Deficit • Economies • Economy of India • Fiscal • Fiscal Responsibility and Budget Management Act • Fourteenth Finance Commission • Government budget balance • Government spending • United States fiscal cliff