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FRBM

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AcronymDefinition
FRBMFree Radical Biology and Medicine
FRBMFederal Reserve Bank of Minneapolis
FRBMFiscal Responsibility and Budget Management Bill (India)


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The buoyant growth of Government revenues facilitated fiscal consolidation as mandated in the FRBM Act and renewed the public capacity to address the chronic problems of unemployment and poverty that have plagued our country.
Instead, the authorities have used the excuse of greater transfer of resources to states (as recommended by the Twelfth Finance Commission) to put on hold the deficit-reducing provisions of the FRBM in 2005/2006, which does little to improve the credibility of this act.
Indeed, there is some anxiety about the sustainability of fiscal correction achieved since the institution of FRBM Act," said Pranab.
 
 
 
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