fiscal deficit Current Affairs, GK & News

IMF Annual Report on India

The International Monetary Fund (IMF) published its annual report on October 15, 2021. In its report, it states that, India’s economy is gradually recovering after it was hit hard by two Covid-19 waves. Key Findings IMF however cautioned the authorities against inflationary pressures. IMF also recommended a slow reduction in monetary policy support in the ..

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FM addressed USISPF-Global Investors Meet

Finance Minister, Nirmala Sitharaman, addressed the Global Investors Roundtable organised by US-India Strategic Partnership Forum (USISPF) on June 24, 2021. Highlights While addressing the investor’s meet she asserted that; continuous reforms make India a great place to do business. She also invited global investors to take advantage of recent FDI reforms, privatisation policy and performance ..

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Fiscal Deficit Estimated to be 9.5% of GDP for FY 2020-21

Finance Minister Nirmala Sitharaman highlighted, while presenting the union budget for 2021-2022, that the fiscal deficit in the next financial year is estimated as 6.8 percent of the gross domestic product (GDP). Highlights The finance minister highlighted that the fiscal deficit is estimated to increase up to 9.5% in the Financial Year 2020-21. The rise ..

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Union Budget 2021-2022- Summary

The 2021-22 Union Budget was presented amid the COVID-19 pandemic on February 1, 2021. Since the 2020 budget, the Indian economy have reduced from 2.24 lakh crore nominal GDP to Rs 1.94 lakh crore. This reduction in the size of the economy was due to the lower revenue growth and higher expenditure in the year ..

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What are Off-Budget Borrowings?

The Government of India is all set to present the Union Budget 2021 on February 1, 2021. This year, the focus of the budget will be on off-budget borrowings so as to reduce the Fiscal Deficit. What are off-budget borrowings? The loans that are taken by any public institution and not by the Centre directly ..

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