“Public Finances, Budget, Public Expenditure, Welfare, Fiscal Responsibility and Budget Management (FRBM) Act, 2003, Subsidies, Salaries and Pensions, Taxation, Fiscal Deficit, Pay Commissions.” This document focuses on establishing a sustainable framework for fiscal responsibility in India. It highlights the need for stringent fiscal rules to manage government finances, emphasizing the importance of maintaining a low fiscal deficit and sustainable debt levels to ensure economic stability and growth.