Topic: Capital Expenditure
‘Special Assistance to States for Capital Investment 2023-24’ Scheme
The Ministry of Finance has introduced a special assistance scheme aimed at enhancing capital spending by states in India. This scheme, announced in the Union Budget 2023-24, has...
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...
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:...
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...
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...
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...
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...
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...
