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N K Singh Panel on FRBM review, RBI tightening norms on banks Current Affairs – 14th April, 2017

N K Singh Panel on FRBM review Introduction 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 [...]