Amendment of section 3.

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....er clause (c), the following clause shall be inserted, namely:-- "(d) the Medium-term Expenditure Framework Statement"; (b) after sub-section (1), the following sub-sections shall be inserted, namely:-- "(1A) The statements referred to in clauses (a) to (c) of sub-section (1) shall be followed up with the Medium-term Expenditure Framework Statement with detailed analysis of underlying assump....

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....tment of major policy changes involving new service, new instruments of service, new schemes and programmes; (ii) the explicit contingent liabilities, which are in the form of stipulated annuity payments over a multi-year time-frame; (iii) the detailed breakup of grants for creation of capital assets."; (d) in sub-section (7), for the words "the Fiscal Policy Strategy Statement,", the words ....

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.... fiscal policy specified therein. It further seeks to insert new sub-sections (1A) and (1B) in the aforesaid section so as to provide that the statements referred to in clauses (a) to (c) of sub-section (1) shall be followed up with the Medium-term Expenditure Framework Statement with detailed analysis of underlying assumptions. The proposed new sub-section (1B) provides that the Central Governmen....