5 Member Committee to comprehensively review and give recommendations on the FRBM roadmap for the future formed
In pursuance of the Budget Announcement 2016-17, the Government has constituted a five Member Committee to comprehensively review and give recommendations on the FRBM roadmap for the future. The composition of the FRBM Review Committee is as follows: (i)Shri N.K. Singh, Former Revenue Secretary & Expenditure Secretary &Former Member of Parliament(Rajya Sabha) : Chairman (ii)Shri Sumit Bose, Former Finance & Revenue Secretary: Member (iii)Dr. Arvind Subramanian, Chief Economic Advised (CEA) : Member (iv) Shri Urijit Patel,Deputy Governor,RBI: Member (v) Shri Rathin Roy, Director, NIPFP: Member The Terms of Reference (ToR) of the Committee are as under: (i) To review the working of the FRBM Act over last 12 years and to suggest the way forward, keeping in view the broad objective of fiscal consolidation and prudence and the changes required in the context of the uncertainty and volatility in the global economy; (ii) To look into various aspects, factors, c...