Estimates of Gross Domestic Product for the Second Quarter (July-September) of 2018-19, Ministry of Statistics and Programme Implementation Click here

Grants for creation of capital assets

From Arthapedia
Jump to: navigation, search

Grants for creation of capital assets, as a concept, was introduced in the Fiscal Responsibility and Budget Management (FRBM) Act through the amendment in 2012. The Act defines grants for creation of capital assets as grants-in-aid given by the Central Government to state governments, autonomous bodies, local bodies and other scheme implementing agencies for creation of capital assets which are owned by these entities.

These grants are relevant for the projection of the effective revenue deficit, which has been defined under the Act as the difference between revenue deficit as defined under the Act and grants for creation of capital assets.


Contributed by

Personal tools
Variants
Actions
Navigation
Concepts
Share Tools
Toolbox
Translate