Fiscal Responsibility and Budget Management(FRBM) Act

News:Kerala Government has sought relaxation under the Fiscal Responsibility and Budget Management(FRBM) Act so as to ensure that the State’s finances are not adversely impacted in the wake of Coronavirus. Facts: The Fiscal Responsibility and Budget Management Act (FRBM Act) was enacted in 2003 to introduce transparency in India’s fiscal management systems by reducing fiscal… Continue reading Fiscal Responsibility and Budget Management(FRBM) Act