https://www.taxtmi.com/news?id=763 The DCRF fiscal deficit ceiling for States has been temporarily relaxed to permit higher market borrowings for capital expenditure, with the elimination of revenue deficit requirement relaxed for the year. States that meet the revised fiscal deficit ceiling and maintain revenue balance will retain DCRF benefits, while those borrowing beyond the permitted limit will forfeit benefits. States must amend their FRBM Acts and the Ministry of Finance will request adjustments from the Finance Commission to reflect the debt relief. en-us Thu, 26 Feb 2009 20:29:54 +0530 Thu, 26 Feb 2009 20:29:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=763 The DCRF fiscal deficit ceiling for States has been temporarily relaxed to permit higher market borrowings for capital expenditure, with the elimination of revenue deficit requirement relaxed for the year. States that meet the revised fiscal deficit ceiling and maintain revenue balance will retain DCRF benefits, while those borrowing beyond the permitted limit will forfeit benefits. States must amend their FRBM Acts and the Ministry of Finance will request adjustments from the Finance Commission to reflect the debt relief. News - Thu, 26 Feb 2009 20:29:54 +0530 https://www.taxtmi.com/news?id=763