Fiscal Responsibility and Budget Management (Amendment) Rules,2007

Uhe Gouelte of Slndio PART Il-section !-SuFsection (i) llo. 301 NEW DELHI, firfi t{ffiq tq,r -{. 124 6v2007 (r) MINISIITY OF FINANCI] ;G.S.R.4l(!)'- In exercisc of thu powers conferred by Section lJ c,J thc Fiscai Responsibility and Budgei N'lanag,:fircnt Act, 2003 (39 oi 2003), the (lintral Governruent hcreby nrakes rhe lirlkrwing rules to amend the Fiscal Ite.sponsibility and Budgct Management Rule.s, 2004, namely :.- l. (1) I'hese rules may bo cailed thc I;isr:al )lespr:nsihility and [3u<Jgr;r Nlanagemcnt (Amendrnent) Rules, 2007, (2) 1'he y shall come into forcc from lhe date of publication in rhe Offre rat (iazette. 2. (a) lrr thc lriscal Re sponsibilit_v and t]udgct Managcmcnt Rules, 2()0,1 (i) in Rulc 3, lor the fiqures, Ielters and the words, "31st day ol' \'Iarch, 2008", at both thc places where thcy (ii) in Rulc 6 in sub-rule ( I ), for cluusc (b) antl (c), thc lollowin;g clauses shall bc substituted namely ; "(b) statemenl.s ol'recsivables and guarantecs in lurrns I)-l Ltr I)-3 altng with explanalory notes, if any; (b) In l;orm l)-2 to tho Fiscal ltcsponsibility ancl ltudget Manascnrcnl Rulcs, 2004, in the sccond column, ' ttndcr tho hcading "Anrounts pr,nding" for the entrics, the lirllowing ontries shall be sub.stituted. nanreiy:- "0- I yoar 1 -2 ycars 2-3,voars - 3--5 luars abovc 5 years" I Notc : , I'rinted by the Manager, Govt ol lndia I'ress, Ring Road, Ma',,apuri, New l)clni-110064 and Publishcd by the Controller of Publrcations, l)elhi.l'100.54. I i I I i I I I I {,l I I l <ei€ "l EIGLANATORY I/Eh,IORANDIII\4 TO NOTIFICATION NO. l.Totification No. G.S.R, 41{E) dated 23:'d Januwy,iiCOT seeks to amend (a) Rule -q of the Fiscal Responsibility and BuCget Management @F3I$ F-ules, 2004 so as to reflect the target date of 31s March, 2009 as in Section 4 of the Fiscal Responsibility and Budget Management Act 2A03, vrhich ll,as amendeci vide Finance O{o.2) Act,2004, notified on 10.9.2A04, and (b) Rule 6 relating to Forms D-l to D-4 disclosure statements to enable better clarity in the reporting statements with appropriate