Relief for T'gana as FRBM rules to be applied prospectively

In a significant development amid the ongoing tussle over restricting open market borrowings (OMBs), the Union finance ministry has told states that the application of Fiscal Responsibility and Budget Management (FRBM) rules for off-budget borrowings will not be retrospective from 2020 - as originally notified.

from Hyderabad News: Latest Hyderabad News Headlines & Live News Updates from Hyderabad - Times of India https://ift.tt/AcfdT41