<h1>Government Forms Committee to Review and Update Fiscal Responsibility and Budget Management Act for Economic Stability.</h1> The government has established a five-member committee to review and recommend updates to the Fiscal Responsibility and Budget Management (FRBM) roadmap. The committee, chaired by a former revenue secretary and including former finance officials and economic advisors, is tasked with evaluating the FRBM Act's performance over the past 12 years and suggesting improvements for fiscal consolidation amidst global economic uncertainties. It will consider revising fiscal deficit targets and aligning fiscal policies with economic conditions. The committee's findings are due by October 31, 2016, with support from the Ministry of Finance's Budget Division.