Which committee has recently submitted report on Fiscal Responsibility and Budget Management (FRBM) act to the Union Government?
Which committee has recently submitted report on Fiscal Responsibility and Budget Management (FRBM) act to the Union Government?
[A]N K Singh committee
[B]H R Khan committee
[C]N R Madhav committee
[D]H Devaraj committee
N K Singh committee
The N K Singh committee has recently submitted its report on revising the Fiscal Responsibility and Budget Management (FRBM) act to the Union Finance Minister Arun Jaitley in his office in North Block in New Delhi. The Union Government will examine the report and take appropriate action. The committee examined the need and feasibility of having a ‘fiscal deficit range’as the target in place of the existing fixed percentage of GDP and make specific recommendations. It also examined the need and feasibility of aligning the fiscal expansion or contraction with credit contraction or expansion respectively in the economy.