FRBM

CAG flags concerns over treatment of bank recap expenditure

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CAG flags concerns over treatment of bank recap expenditure

The Comptroller and Audit General (CAG) has raised its concerns over treatment of expenditure of bank recapitalisation during 2017-18 and 2018-19, stating that it was against the provision of the fiscal responsibility and Budget Management (FRBM) Act. For recapitalisation of state-run banks, the government made an investment of Rs 80,000 crore in 2017-18 and of … Read more

Government never talked of backing out of GST commitment: NK Singh

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Government never talked of backing out of GST commitment: NK Singh

NK Singh, Chairman, 15th Finance Commission Synopsis Chairman of the 15th Finance Commission NK Singh speaks to ET on the Commission’s reading of the economy and its recovery path, the need for a stimulus and GST compensation to states, ahead of publishing its final report. Chairman of the 15th Finance Commission NK Singh speaks to … Read more