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How has Covid-19 affected the finances of state governments?

Context: The Reserve Bank of India’s study on state governments’ finances indicates that gross fiscal deficits (GFDs) of state governments are set to double in 2020-21. The gross fiscal deficit (GFD) It is the excess of total expenditure including loans net of recovery over revenue receipts (including... .Read more

Updated on 31 October, 2020 GS3 Economy

Time for a ‘sponge cities’ mission in India

Context: The torrential rains in Hyderabad killed over 50 people. In the past, it was Chennai that saw a massive flood costing much damage and lives. For Mumbai, the monsoon has become synonymous with flooding and enormous damages. The case of Hyderabad Unprecedented rainfall: In September 2019, the rainfall was the highest in 100 years. The rainfal... .Read more

Updated on 31 October, 2020 GS1 Geography

India-Myanmar Relations: India’s outreach to Myanmar

Context: The recent visit of Foreign Secretary and Chief of the Army Staff of India reflected India’s multidimensional interests in Myanmar and the deepening of ties between Delhi and Naypyidaw. More on the news: The visit underscored two dimensions that drive India’s Myanmar policy - engagement with key political actors and ... .Read more

Updated on 31 October, 2020 GS2 International Relations

Index of Eight Core Sector Industries

Context: Recently, the Office of Economic Adviser within the Department for Promotion of Industry and Internal Trade released the Index of Eight Core Industries for September 2020. More on the news: In terms of cumulative growth in the first half of the current financial year, Index of Eight Core Sector Industries has contracted by 14.9 percent. About ... .Read more

Updated on 31 October, 2020 GS3 Economy

Fifteenth Finance Commission

Context: Three years after it was constituted, the Fifteenth Finance Commission has finalised its report for fund devolution from the Centre to States for the five years from 2021-22 to 2025-26. More on the news: The panel will submit its report to the President with recommendations. The report will be subsequently tabled by the Finance Mini... .Read more

Updated on 31 October, 2020 GS3 Economy

Public Affairs Index-2020

Context: In the recently released Public Affairs Index-2020, Kerala was adjudged the best governed State in the large States category, while Uttar Pradesh ended at the bottom. More on the news: The index is released by the Public Affairs Centre. Public Affairs Centre is a not-for-profit organisation, headed by former Indian Space Research Or... .Read more

Updated on 31 October, 2020 GS2 Governance