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Telangana to raise Rs 1,187 crore through auction of bonds

The state government has been allowed to borrow Rs 47,500 crore through auction of bonds in 2021-22 ....

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Wish list ready, Harish to attend Centre's pre-budget meet today

Union finance minister has scheduled to hold a meeting with finance ministers of all states as part of the pre-budget exercise on Thursday ....

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Finance Commission recommends FRBM Act revamp

Finance Commission recommends FRBM Act revamp
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Last Updated: Feb 02, 2021, 05:10 AM IST
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Synopsis
The FRBM Act needs to be revamped because of prevailing uncertainty and contemporary realities and challenges, the commission said. The Union and state governments will have to amend their FRBM Acts to ensure their legislations are consistent with the fiscal sustainability framework, it added.
Agencies
Meanwhile, the government has accepted the commission’s suggestion to set up a non-lapsable defence fund.
The 15th Finance Commission led by NK Singh has recommended setting up a high-powered intergovernmental group to restructure the Fiscal Responsibility and Budget Management Act and oversee its implementation. ....

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