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 ..

Month: Current Affairs - July, 2020

Category: International Current Affairs

Topics: Financial Assistance • India • India-Maldives • Maldives • Operation Sanjeevani

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 ..

Month: Current Affairs - May, 2020

Category: India Nation & States Current Affairs

Topics: article 292 • Constitution • Financial Assistance • GDP • Government Securities • Ministry of Finance

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 ..

Month: Current Affairs - May, 2020

Category: India Nation & States Current Affairs

Topics: extension of lock down • Financial Assistance • GDP • Indian labour market • infrastructure • lock down • lock down 4.0 • PM Modi

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 ..

Month: Current Affairs - January, 2020

Category: Government Schemes Current Affairs

Topics: Agriculture • Financial Assistance • Financial assistance for Farmers • Financial inclusion • MGNREGA • rural areas • Rural Development

National Financial Reporting Authority submits first report since constitution

The National Financial Reporting Authority (NFRA) issued its first audit report of IL&FS Financial Services Limited for the year 2017-18. It is the first report submitted by the authority since its constitution in October 2018. The audit was conducted abiding Section 13(2) of the companies act, 2013 and NFRA rules, 2018. Highlights Prior to NHRA, ..

Month: Current Affairs - December, 2019

Category: Economy & Banking Current Affairs

Topics: Auditing • Bad Loans • Companies Act 2013 • Financial Assistance • Investment • National Financial Reporting Authority • Non Performing Assets (NPA)