Capital Expenditure Current Affairs, GK & News
The Ministry of Finance recently announced that it is to provide Rs 15,000 crores to the states for their Capital Expenditure for 2021-22. This is being provided as interest free fifty-year loan to spend on capital projects. Fresh guidelines have been announced in this regard called the “Scheme of Financial Assistance to States for Capital ..
Month: Current Affairs - May, 2021
Topics: Capital Expenditure • Disinvestment • Ministry of Finance • National Infrastructure Pipeline (NIP) • North East • scheme for special assistance to states for capital expenditure • Scheme of Financial Assistance to States
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 ..
Category: Government Schemes Current Affairs
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 ..
Category: Economy & Banking Current Affairs
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 ..
Topics: Budget • Capital Expenditure • CII • Confederation of Indian Industry • fiscal deficit • Fiscal Performance Index • fiscal prudence • FPI • FRBM Act • GDP • Human Development Index • interest payments • Pensions • revenue deficit • revenue expenditure • Subsidies • UNDP
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, ..