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Fiscal Policy Statements mandated under FRBM Act. 1) Macro-Economic Framework Statement The Macro-economic Framework Statement is presented to Parliament under Section 3 of the Fiscal Responsibility and Budget Management Act, 2003 and the rules made thereunder. It contains an assessment of the growth prospects of the economy along with the statement of specific underlying assumptions. It also contains an assessment regarding the GDP growth rate, the domestic economy and the stability of the external sector of the economy, fiscal balance of the Central Government and the external sector balance of the economy. 2) Medium-Term Fiscal Policy cum Fiscal Policy Strategy Statement The Medium-Term Fiscal Policy cum Fiscal Policy Strategy Statement is presented to Parliament under Section 3 of the Fiscal Responsibility and Budget Management Act, 2003. It sets out the three-year rolling targets for specific fiscal indicators in relation to GDP at market prices, namely (i) Fiscal Deficit, (ii) Revenue Deficit, (iii) Primary Deficit (iv) Tax Revenue (v) Non-tax Revenue and (vi) Central Government Debt. The Statement includes the underlying assumptions, an assessment of the balance between revenue receipts and revenue expenditure and the use of capital receipts including market borrowings for the creation of productive assets. It also outlines for the existing financial year, the strategic priorities of the Government relating to taxation, expenditure, borrowings, guarantees etc. The Statement explains how the current fiscal policies are in conformity with sound fiscal management principles and gives the rationale for any major deviation in key fiscal measures.
In a 500 meter marathon, if Akhil beats Suraj by 160 meters and Suraj beats Puneet by 250 meters, then find the distance by which Akhil beats ‘C’.
Ajay and Bharti are initially 493 km apart. They start jogging towards each other with speeds of 36 km/h and 64 km/h, respectively, at the same time. If...
The speed of a train is 72 km/hr and it takes 14 seconds to cross a man. Find the time taken by train to cross a platform if the ratio of the length of ...
A man travels some distance at a speed of 15 km/hr and returns at a speed of 9 km/hr. If the total time taken by him is 2 hrs 40 min, the distance is
A train travels 240 km at the speed of 60 km/h and the remaining distance at 80 km/h. If the total time taken by the train to cover the entire distance ...
A carriage travelling in fog passed along a man who was walking @ 6 km/hr in the same direction. He could see the carriage for 8 minutes and it was visi...
‘A’ and ‘B’ started moving towards each other at same time with a speed of 25 km/hr and 15 km/hr, respectively. If the distance covered by ‘A�...
Vicky and Vikram start running simultaneously around a rectangular track of length 500m from the same point at speeds of 30 km/hr and 20 km/hr. When wil...
Three people – Rohan, Suresh, and Tarun – run at speeds in the ratio 5:4:6. If Tarun takes 18 minutes to finish a race, how long will Rohan take to ...