https://www.taxtmi.com/news?id=749 The Interim Budget authorises a Vote on Account to meet early fiscal year expenditures and endorses temporary relaxation of FRBM targets to permit countercyclical fiscal stimulus in response to the global financial crisis. It provisionally sets plan and non plan outlays, projects larger revenue and fiscal deficits for the current and next year, and outlines targeted financing measures - including refinancing of PPP infrastructure loans via an infrastructure finance company, bank recapitalisation to maintain capital ratios, extension of export credit interest subvention, and continued allocations for flagship rural and social programmes - while reserving scope for additional measures in the regular budget. en-us Mon, 16 Feb 2009 12:47:29 +0530 Mon, 16 Feb 2009 12:47:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=749 The Interim Budget authorises a Vote on Account to meet early fiscal year expenditures and endorses temporary relaxation of FRBM targets to permit countercyclical fiscal stimulus in response to the global financial crisis. It provisionally sets plan and non plan outlays, projects larger revenue and fiscal deficits for the current and next year, and outlines targeted financing measures - including refinancing of PPP infrastructure loans via an infrastructure finance company, bank recapitalisation to maintain capital ratios, extension of export credit interest subvention, and continued allocations for flagship rural and social programmes - while reserving scope for additional measures in the regular budget. News - Mon, 16 Feb 2009 12:47:29 +0530 https://www.taxtmi.com/news?id=749