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Finance minister chairs FSDC meeting, takes stock of economy amid Covid crisis

Finance minister chairs FSDC meeting Approx Read Time: 5 minutes   In News: In view of disruptions caused by the COVID-19 pandemic, the Finance ministry recently reviewed the state of the economy at the meeting of the Financial Stability and Development Council (FSDC). About: Financial Stability and Development Council (FSDC) FSDC was established in December 2010 as …

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Economic Reforms: Why is the Companies Act being changed?

Changes in the Companies Act Approx Read Time: 6 minutes In News: Changes in the Companies Act In order to extend relaxations to companies, finance ministry has announced a bevy of measures under the Companies Act. The measures include decriminalization of some compoundable offences under the Companies Act as well as a shifting adjudication of …

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Economic Bytes: Centre lets states borrow more, asks for reforms

Centre lets states borrow more, asks for reforms Approx Read Time: 6 minutes In News: The Centre has agreed to the demand from states to allow them to borrow more funds to meet spending needs, amid a fall in revenue collection but made a large part of it contingent upon reforms. Background: Since the start …

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COVID19 Package: Fifth set of measures under the Atmanirbhar Bharat Abhiyan

Fifth set of measures under the Atmanirbhar Bharat Abhiyan Approx Read Time: 7 minutes In News: Fifth set of measures under COVID-19 Package Union Finance Minister has announced the fifth set of measures under the Atmanirbhar Bharat Abhiyan. News Summary: The fifth set of measures under the Atmanirbhar Bharat Abhiyan announced are related to MGNREGS, …

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Centre rolls out Rs 1.7-lakh-crore lockdown package

Lockdown package of 1.7 lakh crore Approx Read Time: 6 minutes In News: The Union government has announced Prime Minister’s Garib Kalyan Yojana worth Rs 1.7 lakh crore in a bid to cushion the most vulnerable from the impact of the coronavirus lockdown and economic disruption caused by the disease. The package is 0.8% of …

Read moreCentre rolls out Rs 1.7-lakh-crore lockdown package