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 ..

Month: Current Affairs - May, 2020

Category: Economy & Banking Current Affairs

Topics: Consolidated Fund of India • Debt • debt-to-GDP ratio • external debt • government liabilities • Ministry of Finance

Why India needs watch-dog for Fiscal Discipline?

The Chairman of the Fifteenth Finance Commission N K Singh has pitched for a fiscal council to enforce fiscal rules and better manage public debt. Why Fiscal Council? For state government liabilities, Article 293 (3) provides a constitutional check over borrowings. But there are no such restrictions on the Centre Hence there is a need ..

Month: Current Affairs - April, 2019

Category: Economy & Banking Current Affairs

Topics: CAG • debt-to-GDP ratio • Fifteenth Finance Commission • fiscal council • Fiscal Discipline • FRBM review committee • government liabilities • N. K. Singh