The Finance Ministry on Tuesday set up a new committee to review the Centre's fiscal roadmap and review the working of the related Fiscal Responsibility and Budget Management (FRBM) Act that was enacted in 2003. It will be headed by former Member of Parliament and former Revenue and Expenditure Secretary NK Singh. Chief Economic Advisor to the Finance Ministry Arvind Subramanian, former Finance Secretary Sumit Bose, Deputy Governor of the Reserve Bank of India Urjit Patel and NIPFP Director Rathin Roy will be its members.
"The Committee will make its assessment and provide its views on the expected impact of the expected impact of its recommendations on the general government deficit and other FRBM parameters," said the Finance Ministry, adding that it will submit its report by October 31, 2016.
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N K Singh to head new FRBM committee
By IndianMandarins - 2016-05-19 01:47:24
The Finance Ministry on Tuesday set up a new committee to review the Centre's fiscal roadmap and review the working of the related Fiscal Responsibility and Budget Management (FRBM) Act that was enacted in 2003. It will be headed by former Member of Parliament and former Revenue and Expenditure Secretary NK Singh. Chief Economic Advisor to the Finance Ministry Arvind Subramanian, former Finance Secretary Sumit Bose, Deputy Governor of the Reserve Bank of India Urjit Patel and NIPFP Director Rathin Roy will be its members.
"The Committee will make its assessment and provide its views on the expected impact of the expected impact of its recommendations on the general government deficit and other FRBM parameters," said the Finance Ministry, adding that it will submit its report by October 31, 2016.
