Start learning 50% faster. Sign in now
The Centre has approved about Rs 34,000 crore in interest-free 50-year capex loans to 13 states so far in the current fiscal. The Union government launched an expanded scheme of Rs 1 trillion for FY23 to help states boost capital expenditure, since the end of the goods and services tax (GST) compensation could have resulted in states cutting down on their productive spending plans. Of the total amount, Rs 80,000 crore would be released proportionately to the states’ share in the devolution of central taxes and for projects solely based on their viability. The release of the balance Rs 20,000 crore is linked to key infrastructure connectivity projects. As for the long-term loans to states for boosting capex, the beneficiaries so far include Uttar Pradesh, Karnataka, Maharashtra, Bihar, Chhattisgarh, Goa, Manipur, Nagaland, Sikkim and Himachal Pradesh.
FDI inflows stood at USD 16.58 billion during April-June 2022-23.Total FDI, which includes equity inflows, reinvested earnings and other capital, contra...
When is Winter Solstice Day celebrated across the globe?
What key aspects are included in the expansion of the Digital India initiative as approved by the Union Cabinet?
Which of the following bank has been given approval to conduct government business?
The Solvent Extractor’s Association of India (SEA) and Association of Vegetable Oil Industries (ABIOVE) have signed a memorandum of understanding (MoU...
Who has recently been appointed as the acting Governor of Mizoram?
What events did India successfully conclude hosting related to the Antarctic Treaty in 2024?
What is the net worth required to obtain authorisation for a non-bank BBPOU (Bharat Bill Payment Operating Units) from RBI ?
Consider the following statements about ‘Financial Stability Report (FSR) 2022’:
I. This report was rele...
For what pioneering endeavor did India secure the 9th GovTech Prize at the World Government Summit 2024?