Dip in Tax Revenue and Increased Subsidies hit Fiscal Balance Amendments Introduced to FRBM ACT

Last updated: 17 March 2012

The Union Finance Minister ShriPranab Mukherjeewhile presenting the Union Budget 2012-13 announced introduction of amendments to the Fiscal Responsibility and Budget Management Act, 2003 (FRBM Act). The two important features of this amendment in the direction of expenditure reforms are Effecti

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