Contingency Fund Current Affairs, GK & News

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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RBI Surplus Transfer to Government

The Reserve Bank of India (RBI) has decided to transfer Rs 1.76 lakh crore to the Central government from its own reserves. RBI Reserves The following three funds of RBI constitute the Reserves. They are: Currency and Gold Revaluation Account (CGRA), Contingency Fund (CF), Asset Development Fund (ADF). The CGRA is the largest and makes up ..

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Bimal Jalan Panel on Economic Capital Framework

The Reserve Bank of India (RBI) has set up an expert committee, headed by its former governor Bimal Jalan, to suggest how the central bank should handle its reserves and whether it can transfer its surplus to the government. The committee will submit its report within 90 days of its first meeting. The expert committee headed ..

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