Fiscal Responsibility Act in itself may not help reduce revenue deficit Posted on January 13, 2001 by Uttam Gupta fiscal-responsibility-act-in-itself-may-not-help-reduce-revenue-deficit Tags: Fifth Pay Commission, IOC, ERC, 'Fiscal Responsibility Act (FRA)', 'interest payments', 'Fertilizer Association of India (FAI)', 'BPL families', 'fiscal deficit', 'Yashwant Sinha', revenue deficit, GAIL, ONGC, revenue expenditure