Section 7: Power to make rules

Q: What does Section 7 of The Fiscal Responsibility and Budget Management Act, 2003 (FRBM Act) deal with?

Section 7 FRBM Act pertains to "Power to make rules". It is part of the The Fiscal Responsibility and Budget Management Act, 2003, a legislation enacted by the Parliament of India. Section 7 of The Fiscal Responsibility and Budget Management Act, 2003 (FRBM Act) governs power to make rules. As verified on 19 May 2026.

Q: Is Section 7 FRBM Act still in force?

Yes, Section 7 of the The Fiscal Responsibility and Budget Management Act, 2003 is currently in force across the Republic of India.

Q: What is धारा 7 FRBM Act?

धारा 7 FRBM Act is the Devanagari Hindi reference for Section 7 of the The Fiscal Responsibility and Budget Management Act, 2003. Section 7 of The Fiscal Responsibility and Budget Management Act, 2003 (FRBM Act) governs power to make rules. As verified on 19 May 2026.

Q: What is Dhara 7 FRBM Act?

Dhara 7 FRBM Act is the Roman Hindi reference for Section 7 of the The Fiscal Responsibility and Budget Management Act, 2003. "Dhara" means "Section" in Hindi. Section 7 of The Fiscal Responsibility and Budget Management Act, 2003 (FRBM Act) governs power to make rules. As verified on 19 May 2026.

Q: How to cite Section 7 of The Fiscal Responsibility and Budget Management Act, 2003?

Cite as: "Section 7, The Fiscal Responsibility and Budget Management Act, 2003 (FRBM Act)" in legal briefs. For academic writing, use the BlueBook format: The Fiscal Responsibility and Budget Management Act, 2003, § 7 (India).

Law on Tips Editorial Board

(1)

The State 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 fiscal indicators to be prescribed for the purpose of sub- section (2) of section 3 and clause (a) of sub-section (2) of section 5;

(b) the form of the Medium-term Fiscal Policy Statement, referred to in sub- section (5) of section 3;

(c) the form of statement under sub-section (2) of section 5;

(d) the levels referred to in sub-section (3) of section 6;

(e) the periodic review by an independent external agency under sub- section (7) of Section 6; and

(f) any other matter, which is required to be, or may be, prescribed.

(3)

Every rule made under this Act, shall be laid, as soon as may be, after it is made, before the House of the State Legislature, while it is session, for a total period of fourteen days, which may be comprised in one session or in two or more successive sessions, and if, before the expiry of the session in which it is so laid or the successive sessions as aforesaid, the House agrees, in making any modification in the rules, or the House agrees, that the rules should not be made, the rules shall thereafter have effect only in such modified form or be of no effect, as the case may be, however, that any such modification or annulment shall be without prejudice to the validity of anything previously done or omitted to be done under that rule.