Union Budget 2022 Highlights: Union Finance Minister Nirmala Sitharaman presented the Union Budget 2022 on February 1. She said that the Budget proposals for this financial year rest on health and well-being, infrastructure, inclusive development, energy transition and climate action, financing of investments and ‘Minimum Government, Maximum Governance’. India’s economic growth estimated at 9.2% to […]
Category: Economics Current Affairs
Economic Survey 2021-22 : Highlights
Economic Survey 2021-22: Highlights The Economic Survey 2021-22 was tabled in Parliament by the Finance Minister soon after the President’s address to both Houses of Parliament. The central theme of this year’s Economic Survey is the “Agile approach”, implemented through India’s economic response to the COVID-19 Pandemic shock. The preface of Economic Survey states that […]
SilverLine Project: Kerala
SilverLine : Kerala Despite the protests taking place across Kerala against SilverLine, the CPI(M)-led government remains firm on implementing the project. SilverLine is a semi high-speed railway project connecting the state’s northern and southern ends at a cost of over Rs 63,000 crore. The proposed 529.45-km line will link Thiruvananthapuram in the south to Kasaragod […]
Budget Session 2022
Budget: The Budget Session of Parliament has begun and is scheduled to conclude on April 8. First, President Ram Nath Kovind will address both Houses in the Central Hall. The Economic Survey 2021-22 will be laid by Finance Minister Nirmala Sitaraman in Lok Sabha on January 31. The Budget will be presented by her on […]
Bad Bank Received all Regulatory Approvals
Bad Bank: A key proposal announced in this year’s (2021) Budget, a bad bank to deal with stressed assets in the loss-laden banking system, has received all regulatory approvals. Setting up of NARCL, the proposed bad bank for taking over stressed assets of lenders, was announced in the Budget for 2021-22. The plan is to […]
India’s Forex Reserves: January 2022
Forex Reserves: According to recent data from Reserve bank of india (RBI), India’s Foreign Exchange (Forex) reserves posted a decline of USD 678 million during the week ended 21st January 2022 to reach USD 634.287 billion. The slip in the reserves was on account of a drop in the Foreign Currency Assets (FCA), a vital […]
Micro, Small And Medium Enterprises Ranking India 2022
Micro, Small And Medium Enterprises: According to the data furnished by the Office of the Development Commissioner in the Union Ministry of MSME: Maharashtra tops India’s list in the number of micro, small and medium enterprises (MSME) owned by entrepreneurs from the Scheduled Castes with as many as 96,805 enterprises. Tamil Nadu with 42,997 enterprises […]
Scheme for Enhancement of Capital Goods Sector Phase II
Scheme On Enhancement Of Competitiveness In The Indian Capital Goods Sector- Phase-II: Ministry of Heavy Industries (MHI) has notified the Scheme on Enhancement of Competitiveness in the Indian Capital Goods Sector- Phase-II for providing assistance to Common Technology Development and Services Infrastructure. The scheme has a financial outlay of Rs. 1207 crores with Budgetary support […]
Proposal for Setting Up a Bad Bank is Still Pending
Bad Bank: The Reserve Bank of India’s (RBI’s) approval for the implementation of the proposal for setting up a ‘Bad Bank’ is still pending. In September 2021, the Union Cabinet approved the Rs. 30,600 crore guarantee to back Security Receipts issued by National Asset Reconstruction Company Limited (NARCL) for acquiring stressed loan assets. NARCL & […]
Regional Rapid Transit System (RRTS)
Regional Rapid Transit System (RRTS): The officials of Regional Rapid Transit System (RRTS) estimated that RRTS will reduce CO2 emissions by taking around 1.5 lakh private vehicles off the road. The corridor will start from Sarai Kale Khan in Delhi, pass through Ghaziabad, and reach Modipuram in Meerut (Uttar Pradesh). The RRTS, the first of […]
