Page-3 of Finance
Supreme Court Verdict on Demonetisation Case
The Supreme Court of India has upheld the 2016 decision of the Narendra Modi government to demonetize currency notes of INR 500 and INR 1,000 denominations. The decision, which was taken by a 4:1 majority of the Constitution Bench, stated ..
Month: Current Affairs - January, 2023
Category: Economy & Banking Current Affairs
25th Meeting of Financial Stability and Development Council
In the city of Mumbai, the Financial Stability and Development Council’s (FSDC) 25th meeting was held. This meeting was held under the chair of Finance Minister Nirmala Sitharaman. Overview: The council discussed the different mandates of the FSDC as well ..
Month: Current Affairs - February, 2022
Category: Economy & Banking Current Affairs
RBI launches National strategy for Financial Education for 2020-25
The Reserve Bank of India has come up with the Second National Strategy for Financial Education (NSFE) for the time period of 2020-25. The document of the apex bank recommended a ‘5 C’ approach with the objective of the circulation ..
Month: Current Affairs - August, 2020
ADB approves 1.5 billion USD for India to fight COVID-19
On April 28, 2020, the Asian Development Bank approved 1.5 billion USD loan to support the Indian Government in its actions against the spread of COVID-19 crisis. The fund is to be used in disease containments, social protection and disease ..
Month: Current Affairs - April, 2020
India has the third-highest trade-related illicit financial flow globally
US-based think tank Global Financial Integrity (GFI) recently released a report titled “Trade-related Illicit Financial Flows in 135 Developing Countries: 2008-2017”. As per the report, five countries with the largest gaps were China ($457.7 billion), followed by Mexico, India, Russia and Poland. ..
Fiscal deficit target raised to 3.8 percent for FY20
In the recent Union Budget 2020-21, the government has estimated the fiscal deficit target for 2020-21 at 3.5 per cent of GDP (Budget Estimate). The fiscal deficit target for 2019-20 was estimated at 3.3% earlier, which has also been revised ..
Union Budget 2020-21: disinvestment target set at ₹ 1.2 Lakh Crores
In the Union Budget 2020-21, the Government has set its disinvestment target at ₹ 1.2 Lakh Crores for the fiscal year 2020-21. The government also expects ₹90,000 crore revenue from disinvestment of government stake in public sector banks and financial institutions, ..
Budget 2020: Financial Sector
The Budget 2020-21 has been framed on the basis that Governance and Finances are the two major hands in achieving the three themes of the budget. The three themes include aspirational India, Economic Development and Caring India The Budget has ..