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    <title>The Fiscal Responsibility and Budget Management (FRBM) Committee headed by Shri N.K. Singh presents its Report to the Union Finance Minister Shri Arun Jaitley today</title>
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    <description>Review of the statutory fiscal framework under the FRBM Act reassessed fiscal rules, institutional arrangements and budgetary practices, recommending recalibration of fiscal targets, clarified treatment of new capital expenditure, and strengthened mechanisms for fiscal discipline. The Committee emphasized stakeholder consultations and considered prior recommendations on expenditure management and institutional architecture, proposing a medium term fiscal roadmap for future budgetary governance.</description>
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