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 garnered attention for its significant impact on capital investment proposals and the ..
Month: Current Affairs - June, 2023
Category: Government Schemes Current Affairs • India Nation & States Current Affairs
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 ..
Month: Current Affairs - June, 2022
Category: Economy & Banking Current Affairs - 2024 • Reports & Indexes Current Affairs
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 ..
Month: Current Affairs - February, 2022
Category: Economy & Banking Current Affairs - 2024
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 ..
Month: Current Affairs - February, 2022
Category: Economy & Banking Current Affairs - 2024
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 ..
Month: Current Affairs - May, 2021
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 ..