Amendment of section 2.
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....standing liabilities of the Central Government on the security of the Consolidated Fund of India, including external debt valued at current exchange rates; (ii) the total outstanding liabilities in the public account of India; and (iii) such financial liabilities of any body corporate or other entity owned or controlled by the Central Government, which the Government is to repay ....
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....ross domestic product'' means gross domestic product, reckoned at constant prices, as published by the Central Statistic Office from time to time; (cb) ''real output growth'' means growth in real gross domestic product;''; (iv) clauses (e) and (f) shall be omitted. - Clause 208 of the Bill seeks to amend section 2 of the Act relating to definitions. It provides for substitution of....
TaxTMI