Finance Current Affairs, GK & News
25th Meeting of Financial Stability and Development Council
In the city of Mumbai, the Financial Stability and Development Council’s (FSDC) 25th meeting was held. This meeting was held under the chair of Finance Minister Nirmala Sitharaman. Overview: The council discussed the different mandates of the FSDC as well as important macro-financial concerns that have arisen as a result of certain domestic and global ..
Month: Current Affairs - February, 2022
Category: Economy & Banking Current Affairs
Topics: Economy • Finance • Financial Stability and Development Council • Mumbai • Nirmala Sitharaman • Reserve Bank of India • SEBI
RBI launches National strategy for Financial Education for 2020-25
The Reserve Bank of India has come up with the Second National Strategy for Financial Education (NSFE) for the time period of 2020-25. The document of the apex bank recommended a ‘5 C’ approach with the objective of the circulation of financial education in the country. What is the National Strategy for Financial Education 2020-25? ..
Month: Current Affairs - August, 2020
Category: Economy & Banking Current Affairs • India Nation & States Current Affairs
Topics: All India Financial Institutions • Finance • IRDAI • Reserve Bank of India • Securities and Exchange Board of India (SEBI)
ADB approves 1.5 billion USD for India to fight COVID-19
On April 28, 2020, the Asian Development Bank approved 1.5 billion USD loan to support the Indian Government in its actions against the spread of COVID-19 crisis. The fund is to be used in disease containments, social protection and disease prevention. Highlights The loan sanctioned by the ADB is to be used for social protection ..
Month: Current Affairs - April, 2020
Category: International Current Affairs
Topics: ADB • AIIB-India • Asian Development Bank (ADB) • Asian Infrastructure Investment Bank (AIIB) • COVID-19 • Finance • World Bank
India has the third-highest trade-related illicit financial flow globally
US-based think tank Global Financial Integrity (GFI) recently released a report titled “Trade-related Illicit Financial Flows in 135 Developing Countries: 2008-2017”. As per the report, five countries with the largest gaps were China ($457.7 billion), followed by Mexico, India, Russia and Poland. India has the third-highest trade-related illicit financial flow escaping the government’s tax net, with $83.5 ..
Topics: Finance • global trade • Tax
Fiscal deficit target raised to 3.8 percent for FY20
In the recent Union Budget 2020-21, the government has estimated the fiscal deficit target for 2020-21 at 3.5 per cent of GDP (Budget Estimate). The fiscal deficit target for 2019-20 was estimated at 3.3% earlier, which has also been revised to 3.8% of GDP, citing revenue shortage as the reason. Under the Fiscal Responsibility and ..
Topics: Deficit • Economy • Economy of India • Finance • Government of India • union budget 2020-21