Which of the following committee has formed to review and give recommendations on FRBM roadmap

2016

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	R S Sharma Expert Committee
B	Gopalakrishna Committee
C	NK Singh Committee
D	A Ghosh Committee

Explanation:

Detailed explanation-1: -NK Singh Committee (FRBM Review Committee) – Indian Economy Notes for UPSC! The FRBM review committee, also known as NK Singh Committee was formed in 2016 under the Chairmanship of NK Singh, former revenue and expenditure secretary. Its mandate was to review the Fiscal Responsibility and Budget Management Act (FRBM).

Detailed explanation-2: -The committee recommended achieving the above targets by a ‘glide path’, that is, a steady progress towards them, by achieving annual targets until 2023. It recommended the setting up of an autonomous Fiscal Council, whose role would be: To prepare multi-year fiscal forecasts. To improve fiscal data quality.

Detailed explanation-3: -N.K. Singh is the chairman of the FRBM review committee. It was set up in May 2016 by the Government of India to review the FRBM Act.

Detailed explanation-4: -The Fiscal Responsibility and Budget Management (FRBM) Review Committee Report has recommended a debt to GDP ratio of 60% for the General (Combined) Government by 2023, comprising 40% for the Central Government and 20% for the State Government.

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