Page-2 of Expenditure
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 ..
Month: Current Affairs - February, 2020
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 quality” issue. The survey shows significant divergence in consumption pattern and with ..
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, breaching the target of Rs 6.24 lakh crore set by the government ..
Month: Current Affairs - December, 2018
Public Financial Management System to save interest costs of Government
The Public Financial Management System (PFMS) after implemented on full scale will help Union Government to save a significant amount on interest costs. It will allow the government to monitor and access the more than Rs.1 lakh crore of idle ..