FRBM

CAG flags concerns over treatment of bank recap expenditure

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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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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