Debt Sustainability Indicators — Landmark Judgments

Landmark Judgments

Thirteenth Finance Commission Report (2010)

2010

While not a judicial judgment, the recommendations of the Thirteenth Finance Commission (TFC) on state debt restructuring and fiscal consolidation targets for both Centre and…

Report of the Fiscal Responsibility and Budget Management Review Committee (NK Singh Committee Report)

2017

This committee was tasked with reviewing the FRBM Act and suggesting a new framework. Its recommendations, though not fully adopted, significantly shaped the discourse on India's…