Business & Economy Government Policies

Fiscal Deficit India Responsibility and Budget Management Act Simplified

The pillar of India fiscal discipline architecture is the FRBM Act. The Act aims to institutionalize macroeconomic stability and contain fiscal deficit India experiences on recurrent basis, as well as increase transparency, foreseeability and intergenerational equity in the management of the India government finances. Since the last twenty years, it has transformed itself to be […]