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Union of India - Section

Section 150 in Finance Act, 2012

150. Amendment of section 8.

- In section 8 of the Fiscal Responsibility Act, in sub-section (2), -
(i)after clause (b), the following clause shall be inserted, namely: -
"(ba) the expenditure indicators with specifications of underlying assumptions and risk involved under clause (a) of sub-section (6A) of section 3,".
(ii)in clause (c), for the words "Fiscal Policy Strategy Statement", the words "Fiscal Policy Strategy Statement, Medium-term Expenditure Framework Statement" shall be substituted;
(iii)after clause (c), the following clause shall be inserted, namely: -
"(ca) the per cent, of revenue deficit to be specified after the 31st March, 2015 under sub-section (1) of section 4;".