The persistent imbalance in India's fisc had persuaded its Parliament to enact the Fiscal Responsibility and Budget Management Act, 2003 ("FRBM Act"). For implementing the provisions of the FRBM Act, Mr Jaswant Singh (the then Union Minister for Finance) had, on 18th February, 2004, constituted a Task Force comprising the following individuals :
| 1 | Dr Vijay Kelkar | Chairman |
| 2 | Mr D C Gupta, Finance Secretary | Member |
| 3 | Mrs Vineeta Rai, Revenue Secretary | Member |
| 4 | Mr N S Sisodia, Secretary (FS) | Member |
| 5 | Mr D Swarup, OSD (Expenditure) | Member |
| 6 | Dr Ashok Lahiri, CEA | Member |
| 7 | Mr M Prasad, Joint Secretary | Convenor |
The Task Force has, on 16th July, 2004, submitted to Government its Report.
The Full Text of the Report can be accessed at :
The Full Text of the Report can be accessed at :
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