https://www.taxtmi.com/news?id=17337 India's fiscal experience affirms the continued relevance of the Fiscal Responsibility and Budget Management Act and the need for rules to contain fiscal deficits, warning against relying on rapid growth rather than steady fiscal and primary balance adjustment for debt reduction. Although the Act's basic tenets remain valid, its 2003 operational framework requires modification to suit present and future fiscal conditions; an FRBM Review Committee will be tasked with setting out a revised operational vision. en-us Tue, 31 Jan 2017 12:57:19 +0530 Tue, 31 Jan 2017 12:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17337 India's fiscal experience affirms the continued relevance of the Fiscal Responsibility and Budget Management Act and the need for rules to contain fiscal deficits, warning against relying on rapid growth rather than steady fiscal and primary balance adjustment for debt reduction. Although the Act's basic tenets remain valid, its 2003 operational framework requires modification to suit present and future fiscal conditions; an FRBM Review Committee will be tasked with setting out a revised operational vision. News - Tue, 31 Jan 2017 12:57:19 +0530 https://www.taxtmi.com/news?id=17337