Union Budget 2021 Current Affairs, GK & News

Cabinet clears DFI with capital infusion of Rs 20000 crore

The Finance Minister, Nirmala Sitharaman, announced on March 16, 2021 that the Union Cabinet chaired by Prime Minister, Narendra Modi, has cleared the proposal of setting up of the “Development Finance Institution (DFI) with the capital infusion of rupees 20,000 crore. This proposal was approved in a bid to boost the infrastructure development in country. ..

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Moody’s GDP Forecast- Key Highlights

The Rating agency Moody’s have recently forecasted that the nominal Gross Domestic Product (GDP) of India will rise closer to 17% in the Financial Year 2021. Key Highlights The US-based rating agency further forecasts that, India’s fiscal deficit projections are higher than expected. According to it, slower consolidation will constrain the fiscal strength of India ..

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Power ministry to Launch Manufacturing Programme for Critical Equipment

A domestic manufacturing programme for critical power and renewable energy equipment will be launched by the ministry of Power in the Financial Year 2021. The programme has at an outlay of Rs 1,500 crore. Manufacturing Zones under Atmanirbhar Bharat Package This scheme was announced in the Union Budget. It would set up the three manufacturing ..

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Social Security for India’s Gig Economy Workers

The Finance Minister, Nirmala Sitharaman, while presenting the Union Budget 2021 has announced that the government has put forward the proposed to launch a portal to formulate social security scheme for the workers of the India’s gig economy. Highlights The framework for the scheme will be formulated by collecting the relevant information on gig workers ..

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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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