Who does periodic review of the FRBM Act?

As per the Fiscal Responsibility and Budget Management (FRBM) Act, 2003 the responsibility of reviewing the FRBM Act could be given to the Comptroller and Auditor General (CAG) of India. This provision is mentioned in the FRBM Act 2003. The largest review of the FRBM Act was done by the FRBM Review Committee of 2016 headed by N.K.Singh. You can read about the 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

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