rbi speech, 2005-11-07
Some of the outcomes include setting up of Consolidated Sinking Funds (CSF) for debt servicing, constitution of Guarantee Redemption Funds (GRF) to meet guarantee obligations, setting of Ways & Means Advance (WMA) limits for States, fixing limits for guarantees, and most recently, enactment of the Fiscal Responsibility Legislation (FRL).
Sentiment: neutral
Topic: governance