Finance Commission: States shall use FRBM clause to fight COVID-19

Published: April 25, 2020

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

Fifteenth Finance Commission to assess impacts of COVID-19

Published: April 21, 2020

The Economic Advisory Council of the Fifteenth Finance Commission is to meet on April 23 and 24, 2020. The council is to discuss the impacts of COVID-19. Highlights A two-day meeting is to be held through video conference. The experts will discuss about macro variables over time. The agenda of the meet also includes public ..

Month: Current Affairs - April, 2020

Category: Economy & Banking Current Affairs

Topics: Advisory Council • COVID-19 • Economic growth • Fifteenth Finance Commission • Fitch Ratings • GDP • Growth rate • IMF • Moody's • World Bank

Chief Economic Advisor Krishnamurthy Subramanian appointed as Advisory Council Member in 15th Finance Commission

Published: May 4, 2019

The Chief Economic Advisor (CEA) to Central government, Dr. Krishnamurthy Subramanian is appointed as twelfth (12) member of Advisory Council of Fifteenth (15th) Finance Commission (FCc). Advisory Council It now has 12 members, which include noted economists Surjit Bhalla, Arvind Virmani, Indira Rajaraman and M Govinda Rao among others. Role and Function: To is to ..

Month: Current Affairs - May, 2019

Category: Economy & Banking Current Affairs

Topics: Advisory Council • Ajay Narayan Jha • Article 280 • Arvind Virmani • Ashok Lahiri • Chief Economic Advisor • Constitution • Dr. Krishnamurthy Subramanian • FC • Fifteenth Finance Commission • Indira Rajaraman • K.C. Neogy • President • Surjit Bhalla • Terms of Reference

15th Finance Commission forms constitutes advisory council over terms of reference issue

Published: May 10, 2018

The Fifteenth Finance Commission (FCC) headed by NK Singh has constituted Advisory Council to advise and assist Commission on issue or subject related to Terms of Reference (ToR) to quell strong opposition from some states over 2011 census. The council comprises Arvind Virmani, former chief economic advisor, Surjit S Bhalla, Sajjid Chinoy, Neelkanth Mishra, Sanjeev ..

Month: Current Affairs - May, 2018

Topics: 15th Finance Commission • Advisory Council • National • NK Singh • Odisha • Terms of Reference

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