Will the Budget suspend the FRBM's fiscal deficit goals? -Ajit Ranade & NR Bhanumurthy

Any fiscal deficit needs to ideally redirect spending priorities to capital from consumption

With revenue receipts lagging behind budget estimates and economic growth slowing sharply, there is a real risk of the Centre missing its fiscal deficit target this year. In a discussion moderated by Suresh Seshadri, N.R. Bhanumurthy and Ajit Ranade look at how the Union Budget may approach the fiscal balancing act in the face of a need for a stimulus and the government’s stated commitment to adhere to the Fiscal Responsibility and Budget Management Act (FRBM).

Please click here to read more.