Conceptually, the counter-cyclical use of budget policy, in particular by allowing the automatic stabilisers to work, finds broad consensus. It is also undeniable that budget consolidation always means austerity, insofar as it exerts a negative effect on economic activity in the short term.
Capital Adequacy Norms •  Under the risk-weighted asset approach for the purpose of capital adequacy standards, the minimum CRAR has been prescribed at 8% and will be further raised, to 9% (which is already applicable to banks permitted to trade in gold), with effect from 31 March 2000.