Section 150 - Amendment of section 8. - Finance Act, 2012

Amendment of section 8. 150 . In section 8 of the Fiscal Responsibility Act, in sub-section (2), (i) after clause (b), the following clause shall be inserted, namely: "(ba) the expenditure indicators with specifications of underlying assumptions and risk involved under clause (a) of sub-section (6A) of section 3;"; (ii) in clause (c), for the words "Fiscal Policy Strategy Statement", the words "Fiscal Policy Strategy Statement, Medium-term Expenditure Framework Statement" shall be substituted; (iii) after clause (c), the following clause shall be inserted, namely: "(ca) the per cent. of revenue deficit to be specified after the 31st March, 2015 under sub-section (1) of section 4;".