Tag - frbm

N K Singh Panel on FRBM review, RBI tightening norms on banks Current Affairs – 14th April, 2017

N K Singh Panel on FRBM review Introduction The Fiscal Responsibility and Budget Management Act, 2003 (FRBMA) is an Act of the Parliament of India to institutionalize financial discipline, reduce India’s fiscal deficit, improve macroeconomic management and the overall management of the public funds by moving towards a balanced budget and strengthen fiscal [...]

How repo rate works

[Budget] Types of Subsidies & Structural Deficit, Public Debt Management Agency, FRBM Act & Its Targets

Subsidies PDMA: Public Debt Management Agency in Interim budget FRBM: States succeed where Union fails Structural deficit & Cyclic deficit Subsidies Back in the mid-90s, P.Chidambaram himself classified Subsidies in three types #Type 1: Public Goods Services given to everyone- be it rich or poor: Police, [...]

Budget 2015 direct taxes

[Economy Lecture] Budget 2015: Direct & Indirect Taxes, Public Debt, Fiscal Deficit & FRBM Targets

Prologue L4/P1: Fiscal policy: Direct Taxes & Budget 2015 L4/P2: Indirect Taxes, Subsidies & Capital Part of Budget 2015 L4/P3: Public Debt, Fiscal Deficit & FRBM Act Targets Prologue The economic survey related articles will be published after I’m done reading and researching myself. [...]