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GDP

GDP, means gross domestic product at current prices. [Fiscal Responsibility and Budget Manage-ment Rules, 2004, R. 2(o)].

Total liabilities

means the liabilities under he Consolidated Fund of India and the public account of India. [Fiscal Responsibility and Budget Management Act, 2003 (39 of 2003), s. 2(f)] Means the liabilities under the consolidated fund of the State

Qualifying event

any one of several specified occasions that, but for the continuation of coverage provisions under the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA), would result in a loss of benefits to a covered employee under a

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Reserve Bank

section 3 of the Reserve Bank of India Act, 1934 (2 of 1934). [Madhya Pradesh Rajkoshiya Uttardayitva Avam Budget Praobandhan Adhiniyam, 2005, R. 2(h)] Means the Reserve Bank of India constituted under sub-s. (1) of s. 3

Special purpose vehicle

purpose vehicle, means the instruments set up for financing of investments through borrowing not routed through the annual budget of the Government of Rajasthan. [Rajasthan Agricultural Produce Markets Act, 2005, s. (n)]

Financial year

the 1st April and ending on the 31st March of the next following year, Maharashtra Fiscal Responsibility and Budgetary Management Act, 2005, s. 2(b). Means the year beginning on the Ist April and ending on the 31st

Fiscal deficit

debt, over total receipt into the fund (excluding the debt receipts), during a financial year, Fiscal Responsibility and Budget Management Act, 2003, s. 23(a). Means excess of total expenditure of State Govern-ment over the total non-debt receipt

Malet

A little bag or budget

Finance bill

Finance bill, is a Bill to give legislative effect to financial proposals embodied in the annual budget, Parliamentary Dictionary, L.A. Abraham, and S.C. Hawtrey, 1956, p. 102.

Finance Acts

'Customs and Inland Revenue Acts,' have borne the short titles of 'Finance Acts.' The Finance Act incorporates the Budget which is the Chancellor of the Exchequer's annual statement or report of the financial results of the past

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