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Which state first implemented the FRBM Act?

Karnataka was the first state to implement the Fiscal Responsibility and Budget Management (FRBM) Act.You can read about Fiscal Responsibility & Budget Management (FRBM) Act in the given link.

Further readings:

  1. Previous Years Economic Mains Questions for UPSC GS-3
  2. Indian Economy Notes For UPSC

Related Links

FRBM Review Committee (NK Singh Committee) Recommendations

Monetary Policy – Objectives, Roles and Instruments

Union Budget 2021 Summary

Fiscal Policy in India – Objectives, Components

Fiscal Deficit – Components, Calculation

Fiscal Consolidation – 3 tools of Fiscal Policy

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