N. K. Singh Committee of 2016 is related to______.

Question

Question

This question was previously asked in

MPSC Group B (2022) Prelims Official Paper (Held On: 8 Oct 2022)

Answer 1

The correct answer is option 4.

Key Points

N. K. Singh Committee 2016:

The Fiscal Responsibility and Budget Management Act Review Committee was formed in 2016 under the chairmanship of N.K.Singh with a mandate to review the Fiscal Responsibility & Budget Management (FRBM) Act.
The FRBM Act was enacted in 2003 and in 2016, the government felt that a lot of time had elapsed since the act had come into force and there was a need to review it.
Since the time the act was enacted, there were a lot of changes in the Indian economy, which had grown and also been more conducive to foreign investment than it had been in 2003.
The FRBM Review Committee was formed under the chairmanship of a former Revenue and Expenditure Secretary Nand Kishore Singh.
The other members of the committee included former RBI Governor Urjit Patel, and former Finance Secretary Arvind Subramanian, among others.
The committee submitted its report in 2017.