India's Fiscal Deficit Hits Around 115% of FY19 Target

India’s fiscal deficit in the first eight months of FY2018-19 rose to Rs 7.17 lakh crore, hitting around 115% of the budgeted target for the current financial year, breaching the target of Rs 6.24 lakh crore set by the government ..

Month: Current Affairs - December, 2018

What is the meaning of bailout?

The bailout is a process whereby financial support is extended to any individual, organization or even country which has financially failed and is faced with looming threat of bankruptcy. It is done in various ways like loans, bonds, stocks or ..

Amber Box Subsidies: Issues Around AMS and Recent India-China Proposal

Recently, in a joint proposal submitted to the World Trade Organisation (WTO), India and China have called for elimination of trade-distorting farm subsidies given by developed countries as a prerequisite for consideration of other reforms in domestic support negotiations. This ..

Government withdraws subsidy to mild hybrid vehicles under FAME scheme

The Union Ministry of Heavy Industries and Public Enterprises has withdrawn subsidy given to mild hybrid vehicles under FAME India (Faster Adoption and Manufacturing of Hybrid and Electric vehicles in India) scheme.  Earlier, mild hybrid, strong hybrid, plug-in hybrid and ..

Month: Current Affairs - April, 2017

Union Government notifies Aadhaar Act, 2016

The Union Government has notified the Aadhaar (Targeted Delivery of Financial and other Subsidies, benefits and services) Act, 2016. The Act will provide statutory backing for transfer of subsidies and benefits to eligible people having Aadhaar (UID) number. Key facts ..

Month: Current Affairs - March, 2016

JAM Trinity and Subsidy Delivery System

JAM is an acronym which stands for Jan Dhan Yojna, ADHAAR and Mobile number. It is seen as the biggest reform regarding direct subsidy transfer in terms of cash. Currently there are multitude of subsidy schemes running for the poor ..

Key Facts About Fertilizer Subsidy Policy in India

Fertilizer subsidy is the difference between the retention price of fertilizers and the price at which fertilizers are made available to consumers. The difference is paid to industry as subsidy. Fertilisers, after oil and food, account for the third-biggest share ..