Section 7A in The Fiscal Responsibility and Budget Management Act, 2003

Title: Laying of review reports

Description: 1[7A. Laying of review reports.--The Central Government may entrust the Comptroller and Auditor-General of India to review periodically as required, the compliance of the provisions of this Act and such reviews shall be laid on the table of both Houses of Parliament.] 1. Ins. by Act 23 of 2012, s. 149 (w. e. f. 28-5-2012).

Title: Power to make rules

Description: (1) The Central Government may, by notification in the Official Gazette, make rules for carrying out the provisions of this Act. (2) In particular, and without prejudice to the generality of the foregoing power, such rules may provide for all or any of the following matters, namely:-- (a) the annual targets to be specified under sub-section (2) of section 4; (b) the fiscal indicators to be prescribed for the purpose of sub-section (2) of section 3; 1[(ba) the expenditure indicators with specifications of underlying assumptions and risk involved under clause (a) of sub-section (6A) of section 3;] (c) the forms of the Medium-term Fiscal Policy Statement, 2[Fiscal Policy Strategy Statement, Medium-term Expenditure Framework Statement] and Macro-economic Frame Work Statement referred to in sub-section (7) of section 3; 3* * * * * (d) the disclosures and form in which such disclosures shall be made under sub-section (2) of section 6; 4[(da) the level of short fall in revenue or excess of expenditure under sub-section (2) of section 7;] (e) any other matter which is required to be, or may be, prescribed. 1. Ins. by s. 150, ibid. (w. e. f. 28-5-2012). 2. Subs. by s. 150, ibid., for Fiscal Policy Strategy Statement (w.e.f. 28-5-2012). 3. Clause (ca) omitted by Act of 13 of 2018, s. 216 (w.e.f. 31-3-2018). 4. Ins. by s. 216, ibid. (w.e.f. 31-3-2018).

Title: Rules to be laid before each House of Parliament

Description: Every rule made under this Act shall be laid, as soon as may be after it is made, before each House of Parliament, while it is in session, for a total period of thirty days which may be comprised in one session or in two or more successive sessions, and if, before the expiry of the session immediately following the session or the successive sessions aforesaid, both Houses agree in making any modification in the rule or both Houses agree that the rule should not be made, the rule shall thereafter have effect only in such modified form or be of no effect, as the case may be; so, however, that any such modification or annulment shall be without prejudice to the validity of anything previously done under that rule.

Title: Protection of action taken in good faith

Description: No suit, prosecution or other legal proceedings shall lie against the Central Government or any officer of the Central Government for anything which is in good faith done or intended to be done under this Act or the rules made thereunder.

Title: Jurisdiction of civil courts barred.

Description: No civil court shall have jurisdiction to question the legality of any action taken by, or any decision of, the Central Government, under this Act.

The Fiscal Responsibility and Budget Management Act, 2003