Bare Act Search Results

Fiscal Responsibility and Budget Management Act 2003 Complete Act

Title: Fiscal Responsibility and Budget Management Act 2003

State: Central

Year: 2003

Preamble1 - FISCAL RESPONSIBILITY AND BUDGET MANAGEMENT ACT, 2003 Section1 - Short title, extent and commencement Section2 - Definitions Section3 - Fiscal Policy Statements to be laid before Parliament Section4 - Fiscal Management principles Section5 - Borrowing from Reserve Bank Section6 - Measures for fiscal transparency Section7 - Measures to enforce compliance Section8 - Power to make rules Section9 - Rules to be laid before each House of Parliament Section10 - Protection of action taken in good faith Section11 - Jurisdiction of civil courts barred Section12 - Application of other laws not barred Section13 - Power to remove difficulties

Karnataka Local Fund Authorities Fiscal Responsibility Act, 2003 Complete Act

Title: Karnataka Local Fund Authorities Fiscal Responsibility Act, 2003

State: Karnataka

Year: 2003

Preamble 1 - KARNATAKA LOCAL FUND AUTHORITIES FISCAL RESPONSIBILITY ACT, 2003 Section 1 - Short title, extent and commencement Section 2 - Definitions Section 3 - Medium Term Fiscal Plan Section 4 - Financial management principles Section 5 - Measures for fiscal transparency Section 6 - Measure to enforce compliance to this Act Section 7 - Publication of financial document and annual report Section 8 - Power to make rules Section 9 - Protection of action taken in good faith Section 10 - Application of other laws Section 11 - Removal of difficulties

Karnataka Local Fund Authorities Fiscal Responsibility Act, 2003 Preamble 1

Title: Karnataka Local Fund Authorities Fiscal Responsibility Act, 2003

State: Karnataka

Year: 2003

THE KARNATAKA LOCAL FUND AUTHORITIES FISCAL RESPONSIBILITY ACT, 2003 [ACT NO 41 OF 2003] [5 September, 2003] PREAMBLE An Act to provide for the responsibility of Local Fund Authorities to ensure best practice of financial management of local funds and to enhance the scope for improving social and physical infrastructure and human development by achieving sufficient revenue surplus, ensuring prudent management of public fiscal operations of the Local Funds and use of a medium term fiscal frame work, and for matters connected therewith or incidental thereto. Whereas it is expedient to provide for the responsibility of Local Fund Authorities to ensure fiscal stability and sustainability and to enhance scope for improving social and physical infrastructure and human development by achieving sufficient revenue surplus, performance enhancement, citizen participation and transparency while removing impediments to the effective conduct of fiscal policy and enabling prudent financial management through appropriate modern systems and with greater transparency in fiscal operations of the Local Funds with the use of a medium--term fiscal frame work, and for matters connected.....

Fiscal Responsibility and Budget Management Act 2003 Preamble 1

Title: Fiscal Responsibility and Budget Management Act, 2003

State: Central

Year: 2003

THE FISCAL RESPONSIBILITY AND BUDGET MANAGEMENT ACT, 2003 [Act, No. 39 of 2003] PREAMBLE to provide for the responsibility of the Central Government to ensure inter-generational equity in fiscal management and long-term macro-economic stability by achieving sufficient revenue surplus and removing fiscal impediments in the effective conduct of monetary policy and prudential debt management consistent with fiscal sustainability through limits on the Central Government borrowings, debt and deficits, greater transparency in fiscal operations of the Central Government and conducting fiscal policy in a medium-term framework and for matters connected therewith or incidental thereto. BE it enacted by Parliament in the Fifty-fourth Year of the Republic of India as follows:--

The Kerala Fiscal Responsibility Act, 2003 Complete Act

State: Kerala

Year: 2003

THE KERALA FISCAL RESPONSIBILITY ACT, 2003 THE KERALA FISCAL RESPONSIBILITY ACT, 2003 (ACT 29 OF 2003) An Act to provide for the responsibility of the Government to ensure prudence in fiscal management and fiscal stability by progressive elimination of revenue deficit and sustainable debt management consistent with fiscal stability, greater transparency in fiscal operations of the Government and conduct of fiscal policy in a medium term fiscal frame work and for matters connected therewith or incidental thereto. Preamble.- WHEREAS it is expedient to provide for the responsibility of the Government to ensure prudence in fiscal management and fiscal stability by progressive elimination of revenue deficit and sustainable debit management consistent with fiscal stability, greater transparency in fiscal operations of the Government and conduct of fiscal policy in a medium term fiscal frame work and for matters connected therewith or incidental thereto. BE it enacted in the Fifty-fourth Year of the Republic of India as follows:- 1. Short title and commencement.- (1) This Act may be called the Kerala Fiscal Responsibility Act, 2003. (2) It shall come into force, on such date.....

Fiscal Responsibility and Budget Management Act, 2003 Complete Act

State: Central

Year: 2003

.....shall lie against the Central Government or any officer of the Central Government for anything which is in good faith done or intended to be done under this Act or the rules made thereunder. SECTION 11: JURISDICTION OF CIVIL COURTS BARRED No civil court shall have jurisdiction to question the legality of any action taken by, or any decision of, the Central Government, under this Act. SECTION 12: APPLICATION OF OTHER LAWS NOT BARRED The provisions of this Act shall be in addition to, and not in derogation of, the provisions of any other law for the time being in force. SECTION 13: POWER TO REMOVE DIFFICULTIES (1) If any difficulty arises in giving effect to the provisions of this Act, the Central Government may, by order published in the Official Gazette, make such provisions not inconsistent with the provisions of this Act as may appear to be necessary for removing the difficulty : Provided that no order shall be made under this section after the expiry of two years from the commencement of this Act. (2) Every order made under this section shall be laid, as soon ;;s may be after it is made, before each House of Parliament. Central Bare Acts

Fiscal Responsibility and Budget Management Act 2003 Section 1

Title: Short Title, Extent and Commencement

State: Central

Year: 2003

(1) This Act may be called the Fiscal Responsibility and Budget Management Act, 2003. (2) It extends to the whole of India. (3) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint in this behalf.

Karnataka Local Fund Authorities Fiscal Responsibility Act, 2003 Section 1

Title: Short Title, Extent and Commencement

State: Karnataka

Year: 2003

(1) This Act may be called the Karnataka Local Fund Authorities Fiscal Responsibility Act, 2003. (2) It extends to such Local Fund Authorities as may be notified by the State Government from time to time. (3) It shall come into force on such date as the State Government may, by notification, appoint.

Karnataka Local Fund Authorities Fiscal Responsibility Act, 2003 Section 6

Title: Measure to Enforce Compliance to This Act

State: Karnataka

Year: 2003

.....may be prescribed. (6) Audit of accounts of the local fund authority shall be conducted by the auditor appointed under the relevant Acts and the rules and orders issued thereunder which is the authority and the report shall be submitted to the concerned authorities within the time stipulated. (7) The Controlling Authorities shall be responsible to ensure strict follow up action on the audit reports by the local fund authority and slackness, if any, noticed in this behalf shall be reported to the State Government for appropriate action against local fund authority in default. (8) The State Government may, by notification, constitute a Local Fund Audit Overseeing Authority comprising of such officers and having such powers as may be specified in the notification. The Local Fund Audit Overseeing Authority shall submit to the State Government periodical report on compliance to audit reports by the local fund authority, as may be prescribed. (9) The State Government may withhold release of funds to any local fund authority which fails to furnish accounts to the concerned authority within six months from the end of the financial year. (10) The local fund authority shall.....

Fiscal Responsibility and Budget Management Act 2003 Section 13

Title: Power to Remove Difficulties

State: Central

Year: 2003

(1) If any difficulty arises in giving effect to the provisions of this Act, the Central Government may, by order published in the Official Gazette, make such provisions not inconsistent with the provisions of this Act as may appear to be necessary for removing the difficulty: Provided that no order shall be made under this section after the expiry of two years from the commencement of this Act. (2) Every order made under this section shall be laid, as soon as may be after it is made, before each House of Parliament.