Consolidated Fund of India Current Affairs - 2020

G C Murmu takes oath as Comptroller Auditor General

On August 8, 2020, the former Lieutenant Governor (LG) of Jammu and Kashmir Girish Chandra Murmu took oath as Comptroller and Auditor General of India. He is the first tribal to take oath as CAG of India. The oath was administered by the President Ram Nath Kovind. Highlights G C Murmu was a 1985 batch Read More…

Status Paper on Government Debt released

On May 22, 2020, the Ministry of Finance released Status Paper on Government Debt 2018-19. According to the report, the overall debt of centres and states declined by 68.7% in March 2018 to 68.6% in 2019. Highlights The Status Paper on Government Debt is being produced by the Ministry of Finance since 2010. Current debt Read More…

COVID-19: President Ram Nath Kovind to donate 30% of his salary for a year

The President Ram Nath Kovind recently announced that he is to donate 30% of his salary to aid the GoI in the fight against COVID-19. The Rashtrapti Bhavan will also follow set of restrictions under the instruction of the President to save money and aid the fight. This is being done to set an example Read More…

Cabinet: Ordinance to cut salary of PM and MPs by 30% approved

On April 6, 2020, the Union Cabinet approved to cut the salary of Prime Minister and other MPs by 30%. Apart from them, the salaries of president, governor and vice president are also to be cut Highlights The amount cut from the members are to go to consolidated fund of India. The Cabinet has also Read More…