Page-3 of 15th Finance Commission Current Affairs, GK & News
Fifteenth Finance Commission meets to discuss Health Sector and Fiscal Consolidation
On May 21, 2020, the Fifteenth Finance Commission met to discuss health sector and fiscal consolidation in the country. Highlights A high-level group was constituted by the Finance Commission on health sector. The group had submitted its report August 2019. Some of its recommendations were incorporated in the first report of the Finance Commission for ..
Month: Current Affairs - May, 2020
Category: India Nation & States Current Affairs
Topics: 15th Finance Commission • Article 280 • Finance Commission • Fiscal Consolidation • State • Tax
GoI releases Rs 6,195 crores of funds to 14 states
On May 11, 2020, the Government of India released Rs 6,195 crores to 14 states. This is the second equated monthly installment of Post Devolution Revenue Deficit. Highlights The grant allocated to the states will act as additional source of income to the states. The grant was recommended by the 15th Finance Commission. The Central ..
Month: Current Affairs - May, 2020
Category: Economy & Banking Current Affairs
Topics: 15th Finance Commission • COVID-19 • Finance Commission • fiscal deficit • Flash Floods • Flood • FRBM • India-Saudi Arabia • States
Finance Commission: States shall use FRBM clause to fight COVID-19
On April 24, 2020, the Finance Commission has advised the state governments to use the clauses of FRBM (Fiscal Responsibility) act in order to raise additional resources to fight against COVID-19. Centre and State FRBM The states have their own FRBM act. The main similarities between the centre and state FRBM is that the limit ..
Month: Current Affairs - April, 2020
Category: India Nation & States Current Affairs
Topics: 15th Finance Commission • Advisory Council • COVID-19 • Finance Commission • fiscal deficit • FRBM • state government
15th Finance Commission to monitor COVID-19 before second report
On March 19, 2020, the Finance Commission announced that it will monitor situation of COVID-19 before releasing its second report. Highlights The Commission is to set up a committee to review fiscal consolidation of the government. The commission has recommended grants for health sector under its report. It has recommended setting up of State Disaster ..
Month: Current Affairs - March, 2020
Category: Economy & Banking Current Affairs
Topics: 15th Finance Commission • Article 280 • Corona virus • COVID-19 • Disaster Relief • Finance Commission • President of India
Swachh Bharat Mission: Gram Panchayats get more funds under 15th finance commission
The GoI approved the implementation of second phase of Swachh Bharat Mission in February 2020. The Mission is to focus two crore projects during its second phase. It includes Open Defecation Free Plus and solid and liquid waste management. During this phase, the primary focus is to be provided on gram panchayats Fund Allocation Every ..
Month: Current Affairs - March, 2020
Category: Government Schemes Current Affairs
Topics: 15th Finance Commission • Gram Panchayats • MGNREGA • ODF plus • Open Defecation Free • Swachh Bharat