FRBM regime: Fin min moots primary surplus target

NEW DELHI:  Ahead of the setting up of a committee to review the Fiscal Responsibility and Budget Management framework, the finance ministry is brainstorming various options, including targeting primary surplus as the lead fiscal indicator, three finance ministry officials said. “We want to move towards a new FRBM regime framework, which takes care of the fall in nominal GDP and aims at debt sustainability,” one of the officials said.