Financial Assistance Current Affairs, GK & News

Delhi announces monetary support for Covid-19 affected families

Chief Minister of Delhi, Arvind Kejriwal, launched a scheme to provide monetary support to covid-19 affected families on July 6, 2021. Key Points Chief Minister also launched an online portal which will help in providing financial assistance to families. He also asked officials not to find faults in their claim applications. Mukhyamantri Covid-19 Pariwar Aarthik ..

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India announces Financial Assistance Package for Maldives

The Government of India has decided to grant a substantial financial package to the Maldives in order to enable it to tide over the economic crisis it is facing due to the shortage in the tourist footfall due to the COVID 19 pandemic. India has already extended assistance of $400 million through extended currency swap ..

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Finance Ministry begins Annual Exercise

On May 12, 2020, the Ministry of Finance announced that the government departments and ministries will review guarantees issued against loans issued by various government entities. Highlights The exercise is done to make sure that the borrower is discharging the repayment obligations and interest obligations according to the loan agreement. The financial advisories of the ..

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GoI announces Lock Down 4.0 with economic package of Rs 20 lakh crores

On May 12, 2020, PM Modi announced Lock Down 4.0 with new rules. He also announced an economic package of Rs 20 lakh crores to ease lives of people during fourth lock down. Highlights As lock down 3.0, comes to an end on May 17, 2020, the new lock down 4.0 with new rules is ..

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MGNREGA scheme faces funds shortage

The MGNREGA (Mahatma Gandhi Rural Employment Guarantee Employment Act) scheme released its financial statement recently. According to the statement, almost 96% of the money has already been spent. Only 2,500 crores of rupees is left to sustain the scheme for the next two months. Highlights According to the financial statement of the scheme, 15 states ..

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