Fiscal Responsibility and Budget Management Current Affairs, GK & News
On March 19, 2020, the Finance Commission Constituted a committee under Shri N K Singh in order to build a fiscal consolidation road map for the centre and the states. Highlights The Finance Commission had submitted its first report to the GoI in February 2020. The Commission will submit its final report covering the financial ..
Category: Economy & Banking Current Affairs
The CAG report on Fiscal Responsibility and Budget Management has been tabled in the parliament. The important observations made in the report are: CAG recommends the government to frame a policy on off-budget financing and sources of such funding in view of its fiscal implication. The off-budget financial arrangements defer committed liability (subsidy arrears/bills) or ..
Category: Reports & Indexes Current Affairs
Topics: Article 148 • Bills • CAG report • Committees on Public Undertakings. • Fiscal Responsibility and Budget Management • off-budget financial arrangements • Public Accounts Committee • subsidy arrears