Budget Current Affairs, GK & News

India’s Borrowing Estimate in the First Half of 2021-23

To fund the revenue gap for the economy’s revival Rs 8.45 lakh crore has been targeted by the government of India that will be raised through borrowings in the first half of 2022-23. Overview: The gross market borrowing that is estimated for the next financial year is Rs 14.31 lakh crore. The planned Rs 8.45 ..

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Budget Session Address of Governor

At the commencement of the first session of each year, Governor makes a customary address to the members of the state legislature. About Governor’s address The Governor addresses the first session of the state legislature each year. The first session of any legislature is usually the budget session. In the address, Governor highlights the plans ..

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Rajasthan Government Presents First Paperless Budget

The Chief Minister of Rajasthan, Ashok Gehlot, led Congress government presented its third state budget and the first paperless budget on February 24, 2021 in the state assembly. The Chief minister holds the finance portfolio and he finalised the budget on February 23, 2021. Rajasthan Legislative Assembly The state legislative assembly of Rajasthan is the ..

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Union Budget 2021-2022- Summary

The 2021-22 Union Budget was presented amid the COVID-19 pandemic on February 1, 2021. Since the 2020 budget, the Indian economy have reduced from 2.24 lakh crore nominal GDP to Rs 1.94 lakh crore. This reduction in the size of the economy was due to the lower revenue growth and higher expenditure in the year ..

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Central Investment Clearance Cell

The Government of India recently announced that the Central Investment Clearance Cell is to be launched by April 2021. The Centralised Investment Clearance Cell was announced as an integral part of the single window system. The Single Window System is being worked out by Ministry of Commerce and Industry. The idea of establishing Central Investment ..

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Open Budget Survey ranks India at 53rd Position

The recently released Open Budget Survey ranked India at the 53rd position with a score of 49 out of 100. Open Budget Survey The Open Budget Survey, published by International Budget Partnership, covers 117 countries to score and rank them based on the level of budget transparency. The countries are scored on a scale of ..

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