TMI BlogAmendment of section 4.X X X X Extracts X X X X X X X X Extracts X X X X ..... it, revenue deficit and effective revenue deficit to eliminate the effective revenue deficit by the 31 st March, 2015 and thereafter build up adequate effective revenue surplus and also to reach revenue deficit of not more than two per cent. of Gross Domestic Product by the 31st March, 2015 and thereafter as may be prescribed by rules made by the Central Government."; (b) in sub-secti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... venue deficit so as to eliminate revenue deficit by the 31st March, 2009 and thereafter build up adequate revenue surplus. Sub-section (2), inter alia, provides that the Central Government shall, by rules made by it, specify the annual targets for reduction of fiscal deficit and revenue deficit during the period beginning with the commencement of this Act and ending on 31 st March, 2009.It is pro ..... X X X X Extracts X X X X X X X X Extracts X X X X
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