economic survey 2020 Current Affairs, GK & News

Cabinet Approval: India-Iceland MoU in Sustainable Fisheries Development

On February 12, 2020 the Union Cabinet approved the Memorandum of Understanding signed between India and Iceland in the field of fisheries. Highlights The countries had signed agreements in September 2019, to develop inland fisheries. According to the agreement, the countries agreed to create facilities of technical experts and scientists in shore areas and deep ..

Month: 

Category: 

Topics: 

Fiscal Deficit of GoI touched 132% of full year target

On January 31, 2020, the Controller General of Accounts (CGA) released data on fiscal deficit of Government of India. According to the report, the fiscal deficit of India touched 132.4% of the full-year target in December, 2019. Highlights The gap between revenue and expenditure is terms as fiscal deficit. According to the CGA data, the ..

Month: 

Category: 

Topics: 

Economic Survey suggests “Assemble In India Model” to create 80 million jobs

The Economic Survey 2019-20 suggests a new idea of “Assemble in India” model to create 80 million jobs in the country. The model will also help India achieve its 5 trillion USD economy target. Highlights The report suggests that India should benefit from the China-US trade war situation by increasing export manufacturing. It also says ..

Month: 

Category: 

Topics: 

Economic Survey: National Food Security Act Coverages should be reduced

The Economic Survey was tabled by the Finance Minister Nirmala Sitaraman in the Parliament on January 31, 2019. The Survey says that the subsidies under National Food Security Act (NFSA) should be sharply reduced Highlights The Survey suggests that the coverage of the act should be reduced to 20% of the population. On the other ..

Month: 

Category: 

Topics: 

Economic Survey 2020 tabled in the Parliament by the Finance Minister

The Economic Survey of the Fiscal Year 2020 has been tabled in both the houses of Parliament. The survey highlights economic trends in the country, development over the past 12 months and facilitates better mobilization of resources. Highlights The Current Fiscal Growth is 5% The projected GDP growth for the year 2020-21 is 6% to ..

Month: 

Category: 

Topics: