FRBM review committee In 2017, the FRBM (Fiscal Responsibility and Budget Management) Act review committee headed by NK Singh recommended the Central government to bring down the fiscal deficit to 3% of the GDP by 2020. Fiscal deficit = …
What’s in the news? In its effort to push start the economy using the post-COVID-19 relief and recovery package, the government has relied heavily on measures aimed at pushing credit to banks, NBFCs and businesses big and small, which are …
About DGFT The Directorate General of Foreign Trade (DGFT) organisation is an attached office of the Ministry of Commerce and Industry. It is headquartered in New Delhi. This Directorate is responsible for formulating and implementing the Foreign Trade Policy with …
What is Foreign Direct Investment (FDI)? It is the investment made by a person or a company in one country into businesses located in another country. Generally, FDI takes place when an investor establishes foreign business operations or acquires …
What is FSDC? Financial Stability and Development Council (FSDC) is an apex-level body constituted in 2010 to strengthen and institutionalize the mechanism for maintaining financial stability. It is chaired by the Union Finance Minister of India. Its members include the …