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Grants for creation of capital assets

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(Created page with "Grants for creation of capital assets, as a concept, was introduced in the [[Fiscal_Responsibility_and_Budget_Management_(FRBM)_Act | Fiscal Responsibility and Budget Management ...")
 
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==Contributed by==
 
==Contributed by==
 
* [http://www.ies.gov.in/myaccount-profile-view.php?memid=338 Rosemary Abraham, IES(2006)]
 
* [http://www.ies.gov.in/myaccount-profile-view.php?memid=338 Rosemary Abraham, IES(2006)]
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*Email- [mailto:rosemary.a@nic.in rosemary.a@nic.in]
  
 
[[Category:concepts|Grants for creation of capital assets]]
 
[[Category:concepts|Grants for creation of capital assets]]

Revision as of 07:59, 8 April 2015

Grants for creation of capital assets, as a concept, was introduced in the Fiscal Responsibility and Budget Management (FRBM) Act through the amendment in 2012. The Act defines grants for creation of capital assets as grants-in-aid given by the Central Government to state governments, autonomous bodies, local bodies and other scheme implementing agencies for creation of capital assets which are owned by these entities.

These grants are relevant for the projection of the effective revenue deficit, which has been defined under the Act as the difference between revenue deficit as defined under the Act and grants for creation of capital assets.


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