Expenditure Current Affairs, GK & News

Election Commission sets up panel to revise Expenditure Limit for candidates

On October 21, 2020, Election Commission constituted a committee under Harish Kumar, the former director general investigation and the election commission Secretary General Umesh Sinha. The two- member committee will examine the expenditure limit of candidates contesting in Lok Sabha and Assembly Elections. Highlights The need to increase expenditure has come up due to the ..

Month: 

Category: 

Topics: 

Finance Minister announces Festival Advance scheme, LTC Cash Voucher Scheme

On October 12, 2020, the Finance Minister Nirmala Sitaraman Announced the Special Festival Advance Scheme and LTC Cash Voucher Scheme. The schemes were launched to boost the demand in the country. In all, the GoI has allocated Rs 73,000 crores to simulate consumer spending in order to increase demand in the country. Special Festival Advance ..

Month: 

Category: 

Topics: 

GoI to increase Public Health Expenditure to 2.5% of GDP by 2025

On July 13, 2020, the 15th Finance Commission held a meeting with the Union Health Minister Dr Harsh Vardhan. It was decided at the meet that India will increase its public health expenditure to 2.5% of GDP by 2025. Highlights Also, the Health Ministry has revised its requirement to around 6.04 lakh crores from 4.9 ..

Month: 

Category: 

Topics: 

What is Counter Cyclical Fiscal Policy of GoI?

The Government of India has adopted “Counter Cyclical Fiscal Policy” in order to decrease the Economic Slow Down in the country. The Economic Chief Advisor Subramanian at the Express Adda event in Mumbai highlighted that Counter Cyclical Fiscal Policy is the only way forward to create additional fiscal headroom Highlights The GoI is in the ..

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: 

1 / 212