About: Fiscal Responsibility and Budget Management Act, 2003

Facets (new session)
Description
Metadata
Settings
- Rule:
- Inverse Functional Properties:
- "Same As":

About: Fiscal Responsibility and Budget Management Act, 2003 Goto Sponge NotDistinct Permalink

An Entity of Type : dbo:Band, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)
QRcode icon

http://dbpedia.demo.openlinksw.com/describe/?url=http%3A%2F%2Fdbpedia.org%2Fresource%2FFiscal_Responsibility_and_Budget_Management_Act%2C_2003

The Fiscal Responsibility and Budget Management Act, 2003 (FRBMA) is an Act of the Parliament of India to institutionalize financial discipline, reduce India's fiscal deficit, improve macroeconomic management and the overall management of the public funds by moving towards a balanced budget and strengthen fiscal prudence. The main purpose was to eliminate revenue deficit of the country (building revenue surplus thereafter) and bring down the fiscal deficit to a manageable 3% of the GDP by March 2008. However, due to the 2007 international financial crisis, the deadlines for the implementation of the targets in the act was initially postponed and subsequently suspended in 2009. In 2011, given the process of ongoing recovery, Economic Advisory Council publicly advised the Government of India

Attributes	Values
rdf:type	Band
rdfs:label	Fiscal Responsibility and Budget Management Act, 2003 (en)
rdfs:comment	The Fiscal Responsibility and Budget Management Act, 2003 (FRBMA) is an Act of the Parliament of India to institutionalize financial discipline, reduce India's fiscal deficit, improve macroeconomic management and the overall management of the public funds by moving towards a balanced budget and strengthen fiscal prudence. The main purpose was to eliminate revenue deficit of the country (building revenue surplus thereafter) and bring down the fiscal deficit to a manageable 3% of the GDP by March 2008. However, due to the 2007 international financial crisis, the deadlines for the implementation of the targets in the act was initially postponed and subsequently suspended in 2009. In 2011, given the process of ongoing recovery, Economic Advisory Council publicly advised the Government of India (en)
dcterms:subject	Economic history of India (1947–present) Union budgets of India Indian business law 2003 in Indian economy Acts of the Parliament of India 2003 Vajpayee administration initiatives
Wikipage page ID	30975742 (xsd:integer)
Wikipage revision ID	1075358518 (xsd:integer)
Link from a Wikipage to another Wikipage	President of India Punjab, India Monsoon Reserve Bank of India Urjit Patel Uttar Pradesh Debt-to-GDP ratio Comptroller and Auditor General of India Credit Suisse Economic history of India (1947–present) Union budgets of India Enactment of a bill Government of India Gramm–Rudman–Hollings Balanced Budget Act Ministry of Finance (India) N. K. Singh NITI Aayog Creative accounting Maharashtra Stability and Growth Pact Indian business law 2003 in Indian economy Francesco Giavazzi Chief Economic Adviser to the Government of India Finance Minister Financial crisis of 2007–2008 Balanced budget P. Chidambaram Parliament of India Acts of the Parliament of India 2003 Prudence International Monetary Fund JP Morgan Finance Commission of India Finance minister of India Arun Jaitley Arvind Subramanian Act of Parliament Karnataka Kerala Vajpayee administration initiatives Economic Advisory Council Martin Wolf Indian Audit and Accounts Service Michael Boskin National Institute of Public Finance and Policy OECD Observer Research Foundation Officer on Special Duty (India) Yashwant Sinha Undersecretary Joint Secretary to Government of India Union budget of India S Gurumurthy Fiscal sustainability PMEAC Financial Year Fiscal deficit NIPFP Planning Commission of India Union budget of India 2016 dbr:S.S._Tarapore dbr:Vijayraj_singh
Link from a Wikipage to an external page	http://lawyersclubindia.com/bare_acts/Fiscal-Responsibility-and-Budget-Management-Act-394.asp https://www.indiacode.nic.in/handle/123456789/2064
sameAs	Fiscal Responsibility and Budget Management Act, 2003 Fiscal Responsibility and Budget Management Act, 2003 Fiscal Responsibility and Budget Management Act, 2003
dbp:wikiPageUsesTemplate	dbt:Economy_of_India_topics dbt:India_topics dbt:Infobox_legislation dbt:Portal dbt:Reflist dbt:Sisterlinks dbt:Use_British_English dbt:Use_dmy_dates dbt:When
citation	https://www.indiacode.nic.in/handle/123456789/2064
date enacted	2003-08-26 (xsd:date)
enacted by	Parliament of India
imagesize	150 (xsd:integer)
introduced by	Mr.Yashwant Sinha (en)
long title	An Act to provide to the responsibility of the Central Government to ensure inter – generational equity in fiscal management and long-term macro-economic stability by achieving sufficient revenue surplus and removing fiscal impediments in the effective conduct of monetary policy and prudential debt management consistent with fiscal sustainability through limits on the Central Government borrowings, debt and deficits, greater transparency in fiscal operations of the Central Government and conducting fiscal policy in a medium-term framework and for matters connected therewith or incidental thereto. (en)
short title	The Fiscal Responsibility and Budget Management Act, 2003 (en)
status	in force (en)
date commenced	2004-07-05 (xsd:date)
has abstract	The Fiscal Responsibility and Budget Management Act, 2003 (FRBMA) is an Act of the Parliament of India to institutionalize financial discipline, reduce India's fiscal deficit, improve macroeconomic management and the overall management of the public funds by moving towards a balanced budget and strengthen fiscal prudence. The main purpose was to eliminate revenue deficit of the country (building revenue surplus thereafter) and bring down the fiscal deficit to a manageable 3% of the GDP by March 2008. However, due to the 2007 international financial crisis, the deadlines for the implementation of the targets in the act was initially postponed and subsequently suspended in 2009. In 2011, given the process of ongoing recovery, Economic Advisory Council publicly advised the Government of India to reconsider reinstating the provisions of the FRBMA. N. K. Singh is currently the Chairman of the review committee for Fiscal Responsibility and Budget Management Act, 2003, under the Ministry of Finance (India), Government of India. (en)
date assented	2003-08-26 (xsd:date)
gold:hypernym	Act

Faceted Search & Find service v1.17_git139 as of Feb 29 2024

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 08.03.3330 as of Mar 19 2024, on Linux (x86_64-generic-linux-glibc212), Single-Server Edition (378 GB total memory, 59 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2024 OpenLink Software