MGNREGA scheme faces funds shortage

The MGNREGA (Mahatma Gandhi Rural Employment Guarantee Employment Act) scheme released its financial statement recently. According to the statement, almost 96% of the money has already been spent. Only 2,500 crores of rupees is left to sustain the scheme for ..

Month: Current Affairs - January, 2020

National Financial Reporting Authority submits first report since constitution

The National Financial Reporting Authority (NFRA) issued its first audit report of IL&FS Financial Services Limited for the year 2017-18. It is the first report submitted by the authority since its constitution in October 2018. The audit was conducted abiding ..

Month: Current Affairs - December, 2019

6th World Congress on Rural and Agricultural finance

The World Congress on Rural and Agricultural Finance (WCRAF) began in New Delhi on November 12, 2019. It aims at bringing together stakeholders of rural and agricultural finance all over the world. The Congress is an opportunity to strengthen business ..

Month: Current Affairs - November, 2019

Government approves financial assistance of Rs. 5.5 lakh per family to West Pakistan Refugees settled in J&K

The Union Government has approved financial assistance amounting to Rs. 5.5 lakh per family to West Pakistan Refugees (WPRs). It will benefit 5,764 families of WPRs settled in Jammu and Kashmir. Key Facts The scheme comes into effect from June ..

Month: Current Affairs - June, 2018

About the IMF and India’s Role [UGC-NTA Net Political Science]

The International Monetary Fund (IMF) plays important role in the global economy. Established in 1944, its primary purpose is to promote international monetary cooperation and ensure financial stability. Overview of the IMF The IMF was established during the Bretton Woods ..