Finance Ministry Current Affairs, GK & News

Finance Ministry’s Monthly Economic Review

The Ministry of Finance recently released its “Monthly Economic Review for September 2021”. According to the report, Indian economy is on path of swift recovery from the impact of Covid-19 pandemic. Key Findings As per economic review report, sustained & robust growth in agriculture sector, rebound in manufacturing & industry sector, resumption of services activity ..

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Finance Ministry releases Revenue Deficit Grants to States

Finance Ministry released the sixth monthly instalment of revenue deficit grant of Rs 9871 crores to 17 states, on September 9, 2021. Highlights Grants were released on the recommendations of 15th Finance Commission to 17 states for 2021-22. Grants were released in accordance with the Article 275 of the Indian constitution. Under, article 275, post ..

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Government seeks parliament nod for additional spending

On 20th July, Nirmala Sitharaman, Finance Minister of India, sought the nod of the Indian Parliament so as to spend an additional Rs 23,675 crore in the current financial year including Rs 17,000 crore for the Health Ministry.   Highlights To meet the various issues related to Covid and for other health preparedness, Rs 16,463 ..

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Dept of Public Enterprises brought under Finance Ministry

Central government has decided to bring Department of Public Enterprises (DPE) under finance ministry. Key Points DPE was earlier under Ministry of Heavy Industries and Public Enterprises. It has been brought under finance minister in a bid to ease coordination regarding future disinvestment plans. Finance ministry now comprises of six departments, after inclusion of DPE. ..

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Somanathan: New Finance secretary

The Expenditure Secretary T V Somanathan was recently designated as the Finance Secretary by the Appointments Committee of the Cabinet. About T V Somanathan Currently he is the senior most officer among all the secretaries in the Ministry of Finance. He is a 1987 batch Indian Administrative Service Officer of Tamil Nadu cadre. Tuhin Kanta ..

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