Union Minister for Finance Arun Jaitley and MoS for Finance Jayant Sinha during their Post-Budget Press Conference, in New Delhi on Monday. Credit: PTI Photo by Kamal Singh

Non Tax Revenues Rescue the FRBM Ship

From the rock shoals of Scylla and the whirlpool of Charybdis: ergo, stick with Fiscal Responsibility and Budget Management (FRBM), and do not stick with it. Last year’s Union Budget expected to collect Rs 221,733 crore from non tax revenues – about the same as the revised estimate (RE) […]