Capital Expenditure Current Affairs, GK & News

Twin Deficit Problem in India

Ministry of Finance recently released its ‘Monthly Economic Review’ report. In the report, Ministry has highlighted that, Fiscal Deficit and Current Account Deficit (CAD) are two key areas of concern for the Indian economy. Findings of the report Monthly Economic Review report noted that, Fiscal deficit has increased, possibly due to cuts in excise duties on ..

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Nomura Business Resumption Index- Update

For the week which ended on 2oth February, the Nomura India Business Resumption Index (NIBRI) reached a record high of 122.8, up from 119.5 the previous week. Overview: The Index showed weak demand due to rising inflation and the scarring due to the pandemic, as the recovery remains uneven, with sluggish consumption and services even ..

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What are Sovereign Green Bonds?

During the Union Budget presentation, the Finance Minister Nirmala Sitaraman announced the issuance of “Green bonds”. These bonds are to be issued to mobilise green infrastructure resources. What are green bonds? Green bonds are debt instruments. The money collected by selling these bonds are invested in projects that have positive impact on the environment. The ..

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Scheme of Financial Assistance to States for Capex

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 ..

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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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