What is the FRBM Act, 2003?
business-standard.com
What is the FRBM Act, 2003?
To ensure discipline in government finances and keep a check on fiscal profligacy, a legislation was enacted almost two decades ago - the FRBM Act, 2003. This report demystifies it
Jan 14, 2022
Fiscal Responsibility and Budget Management Act, 2003 Fiscal Responsibility and Budget Management Act Explained
FRBM Act | Fiscal Responsibility and Budget Management Act | FRBM Act 2003 Video Lecture | Crash Course for UGC NET Economics
FRBM Act | Fiscal Responsibility and Budget Management Act | FRBM Act 2003 Video Lecture | Crash Course for UGC NET Economics
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The Fiscal Responsibility and Budget Management legislation or the FRBM Act was enacted in August 2003. The aim of the act is to set targets for the government to achieve fiscal stability, to provide RBI with the flexibility to deal with inflation, to improve the management of public funds, to strengthen fiscal prudence and to reduce fiscal deficits. But why are Indian states seeking flexibility under FRBM and How does a relaxation of the FRBM work? To find out these answers, watch this episode
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