Pradhan Mantri Ujjwala Yojana: Rs 5,000 crores transferred for free delivery of LPG

The GoI has so far transferred Rs 5,000 crores to Pradhan Mantri Ujjwala Yojana (PMUY). This has been done to provide free LPG cylinders to PMUY beneficiaries. What is the plan? The GoI under Pradhan Mantri Garib Kalyan package had ..

Month: Current Affairs - April, 2020

India appeals against WTO panel’s ruling on export promotion schemes

On 18 Nov, India appealed against a World Trade Organization (WTO) dispute settlement panel’s ruling that had recommended withdrawal of its key export subsidy schemes, including the one for special economic zones in the next 90-180 days. Recently, WTO had ..

Agri Reform: Replacing Subsidies with Direct Benefit Transfer

As part of rationalising the subsidies time and again it has been suggested that replacing subsidies with the direct benefit transfer (DBT) through the trinity of JAM (Jan-Dhan, Aadhaar and Mobile) would not only empower the poor and farmers but ..

New index to Assess Quality of Central and State Budgets

The Confederation of Indian Industry (CII) has come out with a Fiscal Performance Index to assess the quality of budgets presented by the Centre and state governments. Fiscal Performance Index Fiscal Performance Index (FPI) is an innovative tool which uses ..

India's Fiscal Deficit Hits Around 115% of FY19 Target

India’s fiscal deficit in the first eight months of FY2018-19 rose to Rs 7.17 lakh crore, hitting around 115% of the budgeted target for the current financial year, breaching the target of Rs 6.24 lakh crore set by the government ..

Month: Current Affairs - December, 2018

What is the meaning of bailout?

The bailout is a process whereby financial support is extended to any individual, organization or even country which has financially failed and is faced with looming threat of bankruptcy. It is done in various ways like loans, bonds, stocks or ..