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 the finance ministry. About PDRD Grant The Post Devolution Revenue Deficit grant ..



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 of the survey The Consumer Confidence Index declined from 55.5 points in ..


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 ..


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 ..


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 ..


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 ..