Topic: Expenditure
Post Devolution Revenue Deficit (PDRD) Grant
The Central Government recently released 9,871 crores of rupees as Post Devolution Revenue Deficit (PDRD) grant. The grant was provided to 17 states. The grant was released by...
RBI Consumer Confidence Index
The Reserve Bank of India recently released the report of Consumer Confidence Survey. The survey was conducted in major cities of the country over 5,000 respondents. Key Highlights...
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...
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...
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...
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...
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...
Government to scrap NSO’s consumer expenditure survey
The ministry of statistics and programme implementation (MOSPI) has decided has decided to scrap the National Statistical Officer’s (NSO’s) consumer expenditure survey conducted in 2017-18 because of “data...
India's Fiscal Deficit Hits Around 115% of FY19 Target
India’s fiscal deficit in the first eight months of FY2018-19 rose to Rs 7.17 lakh crore, hitting around 115% of the budgeted target for the current financial year,...
