Fiscal Current Affairs, GK & News
ADB lowers India’s growth by 40 basis points to 7.2% in fiscal year 2019-20
Asian Development Bank (ADB) has recently released its flagship publication Asian Development Outlook 2019. In its report, ADB has lowered India’s growth by 40 basis points to 7.2% in fiscal year 2019-20. Still, it will be fastest growing economy in the world. The report mentioned that recent policy measures by the Government of India (GoI) ..
Topics: Asian Development Bank • Banking • Economic growth • Economy • Economy of India • Financial services • Fiscal
Kelkar Committe report made public
The Kelkar’s committee’s recommendations were made public by the government for an informal debate by the stakeholders. The committee has suggested bold reform measures. Kelkar Committe: A 3-member committee headed by the former Finance Secretary and 13th Finance Commission Chairman, Vijay L. Kelkar. Members: a) Vijay L. Kelkar b) Indira Rajaram and c) Sanjiv Mishra ..
Topics: Economy • Economy of India • Finance Commission • Finance Commission of India • Fiscal • Gasoline and diesel usage and pricing • National Food Security Act • Pricing • Transport economics
India losing Fiscal Deficit Targets
India’s fiscal deficit reached almost 71% of its full-year target in the first half of the year, casting doubts over its ability to meet budget goals as central finances feel the pressure of squeezed revenues and slowing growth. India’s fiscal deficit from April to September was Rs 2.92 lakh crore ($60.1 billion),71% of the Rs ..
Month: Current Affairs - December, 2011
Category: Government Schemes Current Affairs
Topics: Deficit • Economies • Economy of India • Fiscal • Fiscal Responsibility and Budget Management Act • Fourteenth Finance Commission • Government budget balance • Government spending • United States fiscal cliff