Amendment of section 3.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....g portion, for the words "demands for grants", the words "demands for grants except the Medium-term Expenditure Framework Statement" shall be substituted;                (ii) after clause (c), the following clause shall be inserted, namely:-                  &nbsp....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....rred to in clauses (a) to (c) were laid under sub-section (1).";           (c) after sub-section (6), the following sub-section shall be inserted, namely:-                "(6A) (a) The Medium-term Expenditure Framework Statement shall set forth a three-year rolling target for prescribed expend....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....sp;                 (iii) the detailed breakup of grants for creation of capital assets.";            (d) in sub-section (7), for the words "the Fiscal Policy Strategy Statement,", the words "the Fiscal Policy Strategy Statement, the Medium-term Expenditure Framework Statement" shall be....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....the aforesaid section so as to provide that the statements referred to in clauses (a) to (c) of sub-section (1) shall be followed up with the Medium-term Expenditure Framework Statement with detailed analysis of underlying assumptions. The proposed new sub-section (1B) provides that the Central Government shall lay the Medium-term Expenditure Framework Statement referred to in clause (d) of sub-se....