Concept:The FRBM Act, 2003 requires the government to lay down specific fiscal documents before Parliament along with the Annual Financial Statement. The monetary policy statement is not one of them.
Explanation:The FRBM Act mandates three documents: the Medium-Term Fiscal Policy Statement, the Fiscal Policy Strategy Statement, and the Macroeconomic Framework Statement.
The Medium-Term Fiscal Policy Statement projects fiscal targets like revenue deficit, fiscal deficit, and liabilities over three years.
The Fiscal Policy Strategy Statement explains the government’s fiscal priorities and policies for the coming year.
The Macroeconomic Framework Statement gives an overview of economic outlook, GDP growth, inflation, and external sector.
The Monetary Policy Statement is issued by the Reserve Bank of India (RBI) as part of its bi-monthly review. It is not a document required under the FRBM Act, 2003. Therefore, it is not laid before Parliament with the Annual Financial Statement.
Answer:Option D – The monetary policy statement