Consolidated Fund of India Current Affairs, GK & News

IMF: India’s Debt to GDP increased to 90%

The International Monetary Fund recently announced that the debt to GDP ratio of India increased from 74% to 90% due to COVID-19 crisis. This is to increase to 99% in 2021. The international financial organisation has also stated that this is to reduce to 80% after economic recovery. What is Debt to GDP ratio? The ..

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Rajasthan Passes Demand for Higher Education Grants

The Rajasthan Assembly has passed the demand for grants of Rs 370.60 for the higher education by voice vote on March 16, 2021. Highlights The bill was passed amid the protest by the opposition legislators. They stormed into the well of the House and staged a sit-in against the government even though the Higher Education ..

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Avalokana Software launched in Karnataka

The Karnataka Chief Minister B S Yediyurappa recently launched Avalokana software. The software will enable the state government to access data on expenditures and sanctions incurred on 1,800 programmes. Avolokana software It is a transparent e-governance tool that will provide Assembly constituency wise release of government grants and allocations to different government programmes. This will ..

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Status Paper on Government Debt released

On May 22, 2020, the Ministry of Finance released Status Paper on Government Debt 2018-19. According to the report, the overall debt of centres and states declined by 68.7% in March 2018 to 68.6% in 2019. Highlights The Status Paper on Government Debt is being produced by the Ministry of Finance since 2010. Current debt ..

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COVID-19: President Ram Nath Kovind to donate 30% of his salary for a year

The President Ram Nath Kovind recently announced that he is to donate 30% of his salary to aid the GoI in the fight against COVID-19. The Rashtrapti Bhavan will also follow set of restrictions under the instruction of the President to save money and aid the fight. This is being done to set an example ..

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