Revenue Current Affairs, GK & News
Post Devolution Revenue Deficit (PDRD) Grant
The Central Government recently released 9,871 crores of rupees as Post Devolution Revenue Deficit (PDRD) grant. The grant was provided to 17 states. The grant was released by the finance ministry. About PDRD Grant The Post Devolution Revenue Deficit grant is provided to the state governments. The grant is provided under Article 275 of the ..
Month: Current Affairs - February, 2022
Category: Economy & Banking Current Affairs - 2022 • India Nation & States Current Affairs • States Current Affairs
Topics: Article 275 • Constitution • Expenditure • Fifteenth Finance Commission • Post Devolution Revenue Deficit Grant • Revenue • state government
RBI report on State Finances: A Study of Budgets of 2021 – 22
The Reserve Bank of India recently released its report on “State Finances: A Study of Budgets of 2021 – 22”. According to the report, the combined debt – to – GDP ratio of states is to remain at 31% till March 2022. This is worrying as the set target was 20%. Key Findings The report ..
Month: Current Affairs - December, 2021
Category: Reports & Indexes Current Affairs
Topics: RBI • Reserve Bank of India (RBI) • Revenue • SGDP • State Finance
“Special Corona Fee” imposed on Liquor by Delhi Government
On May 4, 2020, the third phase of lock down began in India. Under the third phase, the liquor shops were opened in selected regions with certain restrictions. Highlights With the liquor shops opening after a long gap, there were long queues at store all over the country. The Delhi Government acted swiftly on the ..
Month: Current Affairs - May, 2020
Category: India Nation & States Current Affairs
Topics: Alcohol • Alcohol Ban • Delhi Government • GST • Liquor Ban • Reserve Bank of India (RBI) • Revenue • Value-added tax
United Nations: India and China likely to stay away from Global Recessions
The United Nations Conference on Trade and Development (UNCTAD) made a new analysis under the title “The COVID-19 Shock to Developing Countries”. Highlights The analysis says that leading exporting countries are to face drop in investments between 2 trillion USD and 3 trillion USD in the next two years. The world economy is to go ..
Month: Current Affairs - March, 2020
Category: Reports & Indexes Current Affairs
Topics: Corona virus • COVID-19 • Economic Slowdown • Recession • Revenue • Tourism • UNCTAD • United Nations
GoI notifies rules for Vivad Se Vishwas Scheme
On March 19, 2020, Govenrment of India has notified rules to avail full benefit of direct tax dispute resolution under the Vivad Se Vishwas Scheme. Highlights Currently, there are more than 400,000 cases that are eligible to avail the scheme. This involves Rs 9.3 lakh crores. The scheme aims to settle disputes and aid in ..
Month: Current Affairs - March, 2020
Category: Government Schemes Current Affairs
Topics: Corona virus • COVID-19 • Finance Minister • GST • nirmala sitaraman • Revenue • union budget 2020-21 • Vivad Se Vishwas
Corona Virus: GoI halts three crucial policies as revenues shrink
As the outbreak of corona virus has hit revenue collection, the Government of India has dropped three crucial policies. Highlights The revenue collection for the fiscal year 2019-20 has contracted by 3.5% in the first 11 months. With the increasing threat of Corona Virus, it is expected that the revenue collection is to get reduced ..
Month: Current Affairs - March, 2020
Category: India Nation & States Current Affairs
Topics: Agriculture • Corona virus • COVID-19 • fiscal deficit • Food fortification • GST collection • Ministry of Food Processing • Revenue