https://www.taxtmi.com/acts?id=16061 The Bill inserts definitions of effective revenue deficit (revenue deficit less grants for creation of capital assets) and of grants for creation of capital assets (central grants-in-aid for capital assets owned by recipients). It adds the Medium-term Expenditure Framework Statement to the fiscal policy statements to be laid before Parliament, requiring a detailed analysis of assumptions, a three-year rolling target for expenditure indicators with risks, disclosure of major expenditure commitments and contingent liabilities, and a detailed breakup of capital-creation grants. en-us Fri, 16 Mar 2012 19:12:12 +0530 Fri, 16 Mar 2012 19:14:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=16061 The Bill inserts definitions of effective revenue deficit (revenue deficit less grants for creation of capital assets) and of grants for creation of capital assets (central grants-in-aid for capital assets owned by recipients). It adds the Medium-term Expenditure Framework Statement to the fiscal policy statements to be laid before Parliament, requiring a detailed analysis of assumptions, a three-year rolling target for expenditure indicators with risks, disclosure of major expenditure commitments and contingent liabilities, and a detailed breakup of capital-creation grants. Act-Rules Bills Fri, 16 Mar 2012 19:12:12 +0530 https://www.taxtmi.com/acts?id=16061