Which committee has been constituted to give recommendations on Fiscal...
The correct answer is (C) NK Singh committee. The committee constituted to give recommendations on Fiscal Responsibility and Budget Management (FRBM) is the NK Singh committee.
The NK Singh committee, officially known as the Committee on Review of the FRBM Act, was set up by the Government of India in 2016. The committee was chaired by NK Singh, a former bureaucrat and Member of Parliament.
The objective of the committee was to review the existing FRBM framework and provide recommendations for enhancing fiscal discipline, ensuring fiscal sustainability, and improving the quality of public expenditure in India. The committee examined various aspects of fiscal policy, including the fiscal deficit targets, debt management, and fiscal rules.
The NK Singh committee submitted its report to the government in 2017, containing its findings and recommendations for reforms in the FRBM framework. The report proposed changes to the fiscal deficit targets, fiscal rules, and institutional mechanisms for fiscal governance.
The committee's recommendations played a significant role in shaping the subsequent amendments to the FRBM Act and guiding fiscal policy in India.