Capital Expenditure Current Affairs, GK & News

Scheme for Special Assistance to States for Capital Expenditure

The Scheme for Special Assistance to States for Capital Expenditure is currently facing revenue shortfall due to COVID-19 pandemic. The scheme aims to increase the capital expenditure by the state governments. Under the scheme, the Ministry of Finance has so far approved capital expenditure proposals worth Rs 9,878.61 crores. Under the scheme, the capital expenditure ..

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Finance Minister announces Festival Advance scheme, LTC Cash Voucher Scheme

On October 12, 2020, the Finance Minister Nirmala Sitaraman Announced the Special Festival Advance Scheme and LTC Cash Voucher Scheme. The schemes were launched to boost the demand in the country. In all, the GoI has allocated Rs 73,000 crores to simulate consumer spending in order to increase demand in the country. Special Festival Advance ..

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New index to Assess Quality of Central and State Budgets

The Confederation of Indian Industry (CII) has come out with a Fiscal Performance Index to assess the quality of budgets presented by the Centre and state governments. Fiscal Performance Index Fiscal Performance Index (FPI) is an innovative tool which uses multiple indicators to examine the quality of Budgets at the Central and State levels. It ..

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India to grow 7.2% in 2018-19 down from earlier projection of 7.4%: Ind-Ra Outlook

Rating agency India Ratings & Research (Ind-Ra) in its Mid-Year FY19 Outlook has revised down India’s growth to 7.2% from its earlier projection of 7.4% for 2018-19 (FY19). The downward revision comes as Indian economy to face headwinds from high crude oil prices, increase in minimum support prices (MSP) of kharif crops, rising trade protectionism, ..

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