Fiscal Deficit Current Affairs - 2019

Category Wise PDF Compilations available at This Link

Proposed Nyay Scheme: Key Facts

In its election manifesto for the Lok Sabha Elections 2019, the Congress party has announced a Minimum Income scheme Nyuntam Aay Yojna (Nyay) as a surgical strike against poverty. Key Facts about the Proposed Scheme The Nyay scheme is targeted towards 5 crore families who are the poorest 20 per cent in India. Nyay scheme Read More…

Month:  Categories: Government Schemes & ProjectsUPSC

Tags:

India’s April-February Fiscal Deficit at 134% of Target

India’s fiscal deficit stood at 134.2% of the full-year revised budgeted estimate at the end of February 2019. This humungous level of fiscal deficit is attributed to the tepid growth in revenue collections. The fiscal deficit for April-February 2018-19 stood at Rs 8.51 lakh crore against the revised estimate (RE) of Rs 6.34 trillion for Read More…

Month:  Categories: Business, Economy & BankingUPSC

Tags:

Proceeds from Disinvestments exceeds Target

The proceeds from the disinvestments have exceeded the disinvestment target for the fiscal 2018-19 by Rs 5,000 crore taking the total proceeds to Rs 85,000 crore against the targeted Rs 80000 Cr. Disinvestments Disinvestment refers to the process of public asset sales by the government of India. Industrial Policy provides that in order to raise resources Read More…

Month:  Categories: Business, Economy & BankingUPSC

Tags:

Fiscal Deficit for April-December

The data shows that the fiscal deficit touched 112.4 per cent of the full-year budget target of Rs 6.24 lakh crore at the end of December. The important data highlights related to the fiscal deficit are: The gap between Government’s expenditure and revenue stood at Rs 7.01 lakh crore during April-December of the current financial Read More…

Month:  Categories: Business, Economy & BankingUPSC

Tags:

Fiscal Deficit: Interim Budget 2019

The present government headed by Prime Minister Narendra Modi presented an uncompromising stance on fiscal deficit in the beginning. In its first budget, the government had stated that “we cannot go on spending today which would be financed by taxation at a future date”. The government emphasised on “inter-generational equity” and not leaving behind “a Read More…

Month:  Categories: Business, Economy & BankingUPSC

Tags:

India Ratings report on state’s finances: Key Facts

A Fitch Group company, India Ratings has released its report on states finances. The important findings of the report are: Loan waiver and other support measures for farmers are expected to raise the aggregate fiscal deficit of states to 3.2 per cent in 2018-19. Further, the fiscal deficit would increase by 40 basis points (100 Read More…

Month:  Categories: Reports & Indices

Tags:

The Impact of Crude Price Shock on CAD, Inflation and Fiscal Deficit

The RBI has released a paper titled ‘The Impact of Crude Price Shock on CAD, Inflation and Fiscal Deficit’. The paper outlines how the crude price shock will have an adverse impact on current account deficit (CAD), Inflation and Fiscal Deficit. Highlights of the Research Paper Since India is heavily dependent on oil imports for Read More…

Month:  Categories: Business, Economy & Banking

Tags: