Government had constituted a Committee in May, 2016 to review the Fiscal Responsibility and Budget Management (FRBM) Act under the Chairmanship of Shri N.K. Singh, former Revenue and Expenditure Secretary and former Member of Parliament.
The Committee consisted of Dr. Urjit R. Patel, Governor, Reserve Bank of India (RBI), Shri Sumit Bose, former Finance Secretary, Dr. Arvind Subramanian, Chief Economic Adviser and Dr. Rathin Roy, Director, National Institute of Public Finance & Policy (NIPFP) as members.
This Committee presented its Report to the Union Finance Minister Arun Jaitley.
List of Recommendations of NK Singh FRBM Committee:
New statutory framework for debt and fiscal targets:
1. Repeal the existing FRBM Act, 2003 and the FRBM Rules, 2004.
2. Enact a new Debt and Fiscal Responsibility Act and in pursuance of the new Act, enact and adopt the Debt and Fiscal Responsibility Rules, as per drafts suggested by the Committee.
3. Adopt a prudent medium-term ceiling for general government debt of 60% of GDP, to be achieved by no later than FY23.
4. Within the overall ceiling specified above, adopt a ceiling of 40% for the Centre, and the balance 20% for the States.
5. Adopt fiscal deficit as the key operational target consistent with achieving the medium-term debt ceiling.
6. The path of fiscal deficit to GDP ratio of 3.0% in FY18-FY20, 2.8% in FY21, 2.6% in FY22, and 2.5% in FY23 be adopted.
7. Revenue deficit to GDP ratio to decline steadily by 0.25 percentage points each year with the path specified as follows: 2.3% in FY17, 2.05% in FY18, 1.8% in FY19, 1.55% in FY20, 1.30% in FY21, 1.05% in FY22, and 0.8% in FY23.
8. Adhere to the operational fiscal deficit target specified above except as provided for in the manner of invocation and the ingredients prescribed in the Escape Clauses specified below.
9. Escape clause triggers are specified below:
a) Over-riding consideration of national security, acts of war; calamities of national proportion and collapse of agriculture severely affecting farm output and incomes.
b) Far-reaching structural reforms in the economy with unanticipated fiscal implications.
c) Sharp decline in real output growth of at least 3 percentage points below the average for the previous four quarters.
10. The deviations from the stipulated fiscal deficit target shall not exceed 0.5 percentage points in a year. (One of the members, Dr. Urjit Patel, however, is in favour of 0.3 percentage points).
11. If there is a sharp increase in real output growth of at least 3 percentage points above the average for the previous four quarters, fiscal deficit must fall by at least 0.5 percentage points below the target. Similar to the escape clause, this buoyancy clause can be invoked by the Government, after formal consultations and advice of the Fiscal Council.
12. The Escape Clauses can be invoked:
a) by the Government after formal consultations and advice of the Fiscal Council.
b) provided it is accompanied by a clear commitment to return to the original fiscal target in the ensuing fiscal year.
13. Constitute a Fiscal Council with the Terms and Conditions as stated herein under and do so by suitable provision in the new Debt Law and Rules suggested above.
14. Key Terms and Conditions of the Fiscal Council:
1. Composition. –
(1) There shall be a Fiscal Council consisting of a Chairperson and two Members.
(2) The Chairperson, Members and Member-Secretary shall be appointed by the Central Government.
2. Eligibility. –
(1) Only persons with domain expertise in public finance, economics, or public affairs shall be eligible to become Chairperson or Member.
(2) No person in current employment of the Central Government or State Government in any capacity shall be eligible to be the Chairperson or a Member of the Fiscal Council.
3. Terms. –
(1) The Chairperson and Members shall hold their offices as determined by the terms of their appointment.
(2) They shall be appointed for a term of four years which shall not be renewed.
(3) They shall draw a salary as may be fixed by the Central Government. Such salary shall not be reduced during their continuance in office.
4. Functions. – The Fiscal Council shall perform the following functions, namely:-
(a) prepare multi-year fiscal forecasts for Central and General Government;
(b) prepare a debt and fiscal sustainability analysis that makes projections on key fiscal indicators;
(c) provide an independent assessment of the Central Government’s fiscal performance and compliance with targets set under this Act;
(d) prepare the Macroeconomic Framework Statement;
(e) recommend suitable changes to fiscal strategy to ensure consistency of the annual financial statement with targets set under this Act;
(f) take steps to improve quality of fiscal data;
(g) prepare a comprehensive statement of liabilities;
(h) produce an annual fiscal strategy report relating to clauses (a) to (g) in such manner as may be prescribed;
(i) provide policy guidance to Central Government on any matter relating to fiscal policy where advice is sought;
(j) advise the Central Government on whether conditions exist to permit a deviation for invocation in the escape or buoyancy clause;
(k) make recommendations to the Central Government on the action plan for returning to the stipulated fiscal targets from which the deviations have taken place;
5. Procedure and powers. –
(1) The Fiscal Council shall determine its own procedure for carrying out its functions under this Act.
(2) The Fiscal Council may require any entity or person to furnish information on any matter under the consideration of the Council.
(3) Such person shall be deemed to be legally bound to furnish such information within the meaning of section 176 of the Indian Penal Code.
Institutional reforms in general government’s fiscal management:
15. Issue detailed policy guidelines on the procedure for Central Government consent to State borrowings under Article 293 of the Constitution of India, as a proactive guidance to the State Governments.
16. The Inter-State allocation for State Governments for the achievement of the overall debt and fiscal targets be assigned to the Fifteenth Finance Commission through a specific ToR.
17. Request the Reserve Bank of India to arrange for annual issuance of a consolidated annual prospectus for planned annual bond and loan issues by each government to provide guidance to the market on its intentions to borrow during the year
18. Introduce Credit Rating of each such Prospectus by approved Credit Rating Agencies.
19. Each Ministry must place a separate statement in their Annual Report, indicating the following (i) the total number of capital works/projects sanctioned along with the total value of the works sanctioned till the previous year; (ii) number of capital works and projects pending completion along with the estimated amount required for completing these works sanctioned in the past year; (iii) the total number of new capital works and projects sanctioned during the year and the estimated budgetary implications.
20. The Ministries and Departments may use and take into consideration the above information relating to commitments on account of past sanction of capital projects to take prudent financial decision while appraising and approving fresh proposals for new capital works/projects.
21. Issue guidelines to minimize interest payment on refund of taxes or advance deposits of taxes.
22. Evolve procedures to minimize delays and mismatches in actual collection of taxes and sharing of prescribed percent of net proceeds with the State Governments.
23. In order to avoid double counting issues, external borrowing by the Centre may not include the amount of external borrowing made on account of EAP (Externally Aided Projects) loans taken for passing on to state governments on a “back-to-back basis”. These are already included in the states’ borrowings, with the interest costs and risks emanating from currency and exchange rate fluctuations being passed on to the states.
Fiscal transparency:
24. Move towards international best practices for compilation and presentation of fiscal accounts, as laid out in the International Monetary Fund Government Finance Statistics Manual 2014 (GFSM 2014).
25. Effectively utilize provisions of Article 150 of the Constitution of India to improve accounting and fiscal reporting on Central and General Government finances. In particular, the Central government may:
a) Initiate a review of the principles and practices governing classification of expenditure as Revenue and Capital, based on best international practices, for uniform application by the central and all State governments.
b) Initiate standardization of Object Heads across Centre and States and publish Object-head wise summary of public expenditure on a fixed periodicity, say at least once in a year.
26. Expeditiously review and finalise the policy on management of the National Small Savings Fund.
27. Explore the feasibility of selling the portfolios of government loans or NSSF investments to raise resources for large financing requirements.
28. Transfer the unutilised proceeds of any Cess to designated Reserve Funds created in the Public Accounts at the end of the year, as has also been recommended by the Expenditure Management Commission.
29. Strengthen the Budget Division to effectively interface with the Fiscal Council.
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- 209 Flight Cadets Get Commission into IAF
- SC Reminds HCs Of ‘Doctrine Of Restraint’
- New Doctrine of “SAMADHAN’ Launched
- New Chairman of UPSC Takes Oath
- Making of Developed India (MODI) Festival in News
- Varistha Pension Bima Yojana Approved
- Exim Bank MoU with New Development Bank
- Indian CA Institute MoU With Oman Institute
- 6 Officials of Banks Get Promotions
- NPCI Gets Approval for Bharat Bill Payment System
- Extra Budgetary Resource of Rs. 660 Crore
- National Academic Depository Established
- States Excluded From National Small Savings Fund
- Government Waives Interest on Farm Loans
- Highways and Shipping Projects Launched in Andaman & Nicobar Islands
- Sathish Clinches Gold Medal
- IAF Gets New Deputy Chief
- First Batch of 20 Smart Cities Launched
- New Income Tax Authority Setup
- Chairman of Anti-Profiteering Authority
- Medical Technology in India
- Medical Research on Homeopathy in India
- India Russia to Collaborate in IT
- Dr. B. Borooah Cancer Institute Capacity Enhanced
- Supreme Court Concedes Error in Its Verdict
- RBI Increases Cash Withdrawal Limit from ATM
- Prompt Corrective Action Framework for Banks Released
- Steps Taken for Tribal Education
- Credit Guarantee Scheme for Startups
- India Japan Energy Dialogue
- Powergrid Signs MoU With Abu Dhabi Authority
- Cash Awards to Rio Paralympics Winners
- New Chairman of Ordnance Factory Board
- Air India To Sell Land in Coimbatore
- National Industrial Corridor Development and Implementation Trust
- India Becomes Largest Remittance Receiving Nation
- ”SANKALP’ and ‘STRIVE’ Schemes Launched
- Bharat Bill Payment System Launched
- National Stock Exchange Gets New CEO
- Top PSUs Award 2016
- Government Subsidizes Online Payments upto Rs.2000
- Socio-Economic Development in North-East
- BRICS (Goa) Action Plan: Events
- Tsunami Warning System Tested
- TIME ‘Person of the Year 2015’
- Ujwal DISCOM Assurance Yojna (UDAY)
- New Initiatives by Ministry of Textiles
- NHAI Masala Bond’s Launch at London Stock Exchange
- Visit of Indian Prime Minister to Germany
- Insolvency and Bankruptcy Board Gets New Member
- 6th BRICS SOM Meet
- India-Russia Science and Technology Cooperation
- International Workshop on Physics of Semiconductor Devices
- Biodesign Programme to Develop Medical Devices
- International Energy Agency Accords Association Status to India
- India Tops Bomb Blasts List: Report
- Gaganjeet Bhullar Wins Indonesia Open
- Gujarat Becomes Tenth State to Join UDAY
- UP Joins UDAY Scheme
- Modified Special Incentive Package Scheme
- New Central Service Created
- India-Spain Cooperation in Renewable Energy
- Supreme Court Imposes Fine On Bar Council
- National Resource Centre for Tribal Livelihood
- National Workshop on Fiscal Decentralization
- National Dialysis Services Programme
- Exim Bank Commits Credit to Asian Countries
- National Consumer Day on 22 Dec
- National Framework for Malaria Elimination
- National Crime Report Released: Highlights
- National Trachoma Survey Report: Latest
- Kandla Port Renamed as Deendayal Port
- UDAY Web Portal and Mobile App Launched
- Atlas for Visually Impaired Launched
- Sashastra Seema Bal Officers Conferred Central Group ‘A’ Status
- India And Switzerland MOU on Cooperation in Rail Sector
- Test Track Facility for Automotive Manufacturers
- 2.5% of Central Road Fund Marked for National Waterways
- Rehabilitation International World Congress
- ISRO Signs Agreement With USGS
- India-Africa Rural Development Cooperation
- ‘AMASR Act’ of India in News
- Public Expenditure on Health in India
- New National Tourism Policy: Salient Features
- Committee Setup to Frame Education Policy
- Shortage of Judges in High Courts
- Hague Convention on Civil Aspects of International Child Abduction
- 112 First Ladies of India Honoured
- Coronary Stent Prices Capped
- India-China Urged WTO to Remove ‘Amber Box’ Subsidies
- Trade Related Entrepreneurship Development Assistance Scheme
- Model Law for Integrated GST Released
- Features of Inland Vessels Bill 2016
- HIV and AIDS (Prevention and Control) Bill, 2014
- GST Council Approves GST Bill
- Visit of External Affairs Minister to Cyprus
- Steps Taken to Prevent Zika Virus
- Government Reduces Labour Registers to 5
- Indo-EU ‘Water4Crops’ Project
- India and Cyprus Relations: Latest Developments
- Labour and Employment
- India USA Workshop on Traditional Medicine
- Meeting on World Summit on Information Society
- India-Russia in Space, Defence and Technology
- Education Sector: List of Important Initiatives
- Programmes To Clean Ganga River
- List of Schemes for Women Belonging to Minorities
- 6th International Geriatric Orthopaedic Conference
- Swachh Survekshan Gramin 2017
- Ground Zero Summit 2015
- Lucknow Metro Rail Project Approved
- Animal Welfare Board Gets Government Chairman
- Production of Crops During Kharif Season
- India – Switzerland Signs 3 Agreements
- Indian Police Institute Inaugurated
- Fifth Bi-monthly Monetary Policy Statement
- RBI Cancels Registration of 5 NBFCs
- Himachal Becomes 4th State to Ratify GST
- Development of Onshore Wind Power Projects
- Standard Procedure for Protection of Street Children Launched
- Trafficking of Persons (Prevention) Bill 2016
- Central Port Authorities Act 2016
- Evergreen Revolution in Indian Agriculture
- India China Officials Meet Held
- MoU to Setup Boxing Academy Signed
- New Good Governance Initiatives Launched
- Record Production of Food Grains in India
- All India Football Federation Award Winners
- ‘East Coast Economic Corridor’ Projects Gets ADB Loan
- Incredible India Tourism Summit
- Scheme to Promote Women Entrepreneurs
- The Specified Bank Notes (Cessation of Liabilities) Bill
- Govt Sacks Bank of Maharashtra CMD
- SIDBI’s New CMD
- Ducati and YES Bank Signs Pact
- India and European Bank for Reconstruction and Development
- World Bank Finance Rooftop Solar Projects in India
- International Financial Services Centre Started
- ADB Loan for Jharkhand Roads
- Alibaba Trade Facilitation Centre Program
- Banking Regulation (Amendment) Bill 2017
- New Norms for Lending Against Gold
- Ratan Tata and Nilekani Starts Finance Company
- Bihar Kosi Basin Development Project
- Paytm Gets Approval for Payments Bank
- RBI Opens Door to Islamic Finance
- Fairfax Acquires Stake in IIFL
- ADB Loan for Highways Construction in Rajasthan
- Use of Bitcoins in India: Government and RBI’s View
- Government Issues Sovereign Gold Bonds
- Common Risk Mitigation Mechanism for Solar Projects
- International Conference on Investor Protection
- List of Liabilities of State Governments in India
- India and IBRD Signs Grant Agreement
- Corporate Current Affairs
- Shiv Nadar University Inaugurated
- Permanent Representative of India to United Nations
- Sangeet Natak Akademi Awards
- Awards for Sindhi Language Announced
- Film and Television Institute of India Gets New Chairman
- Scheduled Castes List Modified
- Scheme for Promotion of Rural Housing Launched
- New NREGA Payment Norms in Arunachal
- Government Setup Credit Registry
- Book ‘A Life with Wildlife: From Princely India to Present’
- Land Degradation Neutrality in India by 2030
- National Awards for Excellence in Technology
- National Scheduled Castes Commission Gets Members
- Multi-Sensor Aero-Geophysical Surveys Launched
- Book on Jawaharlal Nehru Released
- List of Military Cantonments in India
- Laser Interferometer Gravitational Wave Observatory
- India Becomes CERN Associate Member
- National Crime Records Bureau Celebrates Foundation Day
- Constitutional Status of Jammu Kashmir
- Agreement on Exemption of Visa Requirements
- Charge of LIC Chairman to V K Sharma
- Dimitrov Win Brisbane International
- Novak Djokovic Wins Australian Open
- Abul Hossain Wins Kolkata Marathon
- 3 Judge SC Bench Formed on Cauvery Issue
- Pratul Joshi Win International Title
- New Central Sector Scheme – Nai Manzil Launched
- Van Mahotsav Celebrations
- Indradhanush 2.0: What, How and Why ?
- ATM Machines Celebrates 50th Anniversary
- Incremental Cash Reserve Ratio Introduced
- RBI Extends Enhances Payment Instruments Limit
- Additional Measures for Supply of Currency
- New Appointments in September
- ‘International Securities Identification Number’ in News
- Bombay Stock Exchange Issues Bonds
- KV Thomas Renominated PAC Chairman
- Inter-State E-Way Bill System in India: Latest Developments
- Lok Sabha Passes Aadhaar Bill 2016
- USAID Launches New Initiative in India
- Supreme Court Judgement on Aadhar-PAN Linkage
- GST Council Approved
- India Gave $4.5 Billion Credit to Bangladesh
- New Comptroller and Auditor General of India
- FLO Gender Parity Index Launched
- Special Central Assistance to States Released
- Government Formally Notifies GST Council
- International Financial Services Centre Becomes Operational
- Powers of President of India
- Action Plan to Eliminate Kala-Azar and Filariasis
- Goods and Services Tax (Compensation to States) Ordinance
- Measures to Promote Industry and Commerce in Budget 2017
- Affordable Housing Projects Scheme Launched
- YES BANK Gets New Group President
- 20 Advance Pricing Agreements Signed
- Allahabad Bank Gets New MD & CEO
- National Sample Survey Rounds: 75th and 76th
- New Fund in NABARD Setup
- PSU Banks Gets New Directors
- Exchange of Blood Between Bloodbanks Allowed
- BRICS Science and Technology Ministers Meet
- Smart Anti-Airfield Weapon Tested
- UNSC Renews Anti-terror Sanctions
- Flyover Named After Banda Singh Bahadur
- Vikramjit Sen Took Charge of Delhi Cricket Body
- Oriental Bank of Commerce Gets New CFO
- Government Approves Listing of CPSEs on Stock Exchanges
- DGAD Recommends Anti-Dumping Duty on Jute
- Mass Communication
- India Germany Signs MoU in Technological Development
- Incredible India Tourism Investment Summit
- Public Finance
- Latest Data on Expenditure on Education in India
- Indian Council’s Act 1861
- CARE Ratings Gets New CEO
- India Appoints New Controller General of Accounts
- Haryana and Railways Ministry Forms JV Company
- Targeted Public Distribution System: What How and Why?
- Changes in Japan’s Defence Policy
- India Bangladesh to Share Intelligence
- World Conference on Environment
- Committee on UGC NET Appointed
- Regulation of Higher Education in India
- Annual Maritime Power Conference Organised
- Basic Economic Data
- Exercise YUDH ABHYAS Started
- India and South Korea Sign Deal on Artillery Guns
- Measures Taken for Safety of Tourists
- World’s Largest Solar Park in India
- New Prison Manual 2016 Approved
- Import of 90,000 MT Pulses for Buffer Stock
- Efforts to Reduce Pulses Inflation
- Permanent Residency Status to Foreign Investors
- Cadre Review of BSF Executive Officers
- Real Estate Act 2016 Comes to Force
- Central Assistance to Manipur, Mizoram and Kerala
- India-UAE MoU in Energy Efficiency Services
- National Nutrition Mission Launched
- Test and Treat Policy for HIV Launched
- Plantation Drive Under Green Highways Started
- National Awards for Innovation in Petrochemicals
- National Ayush Mission: Approved Till 2020
- Sale of Surplus Land of 4 PSUs
- National Mineral Exploration Policy 2016
- ICT Initiatives Launched in Infrastructure Sector
- List of Schemes for Minorities Children
- Special Purpose Vehicle ‘Government e-Marketplace’ Setup
- List of Other Backward Classes Extended
- National Metallurgists Day Award
- United Nations Political Mission in Iraq Extended
- National Policy on Mini and Micro Grids
- Sri Lanka Government Proposes New Constitution
- Disrespect of National Anthem Made Crime
- National Policy for Women 2016
- OPEC Agrees to Reduce Oil Production
- SC Bars BCCI from Releasing Funds
- New Wireless Internet Based on Infrared Rays
- ‘CH-5 Rainbow Drones’ of China in News
- France to Close Oldest Nuclear Reactor
- Amendment to New Urea Policy Approved
- OBC Creamy Layer Limit Extension Soon
- Cricket Selectors Gets New Chairman
- Kochi Metro Dedicated to the Nation
- Punit Goenka Appointed IBF President
- India-Pacific Islands Sustainable Development Conference
- National Legal Services Authority Gets New Chairman
- Sachin Wins Gold in AIBA Championship
- Sanctioned Posts of IAS / IPS Officers
- Report of Group of Secretaries on Education and Social Development
- Base Year of Industrial Production Index Revised
- India-Sweden Joint Commission Meet
- Joint Military Exercise ‘Ex Lamitye’
- MoUs with Six Nations in Civil Aviation Sector
- Meeting of Central Advisory Board of Education
- Enforcement Directorate Gets New Head
- ‘e-Krishi Samvad’ Interface Launched
- Uttarakhand Governor Gets New Advisers
- Cauvery Water Tribunal Gets New Chief
- Civil Services Exam 2015 Final Result
- Andaman Nicobar Gets New Lt Governor
- Corporation Bank Gets Award
- Credit Guarantee Limit for Small Businesses Extended
- Acquisition of Subsidiary Banks by SBI Approved
- First Cashless Region of India
- Interest Waived on Short-Term Crop Loans
- Union Bank of India Appoints Atul Kumar
- India Post Payments Bank Approved
- New Economic Adviser Appointed by Government
- Digital Payment Security Alliance
- Conditions of Office of President
- Pasighat Advanced Landing Ground Inaugurated
- Union Bank Issues Tier II Bonds
- IDFC Bank Inaugurated in India
- RBI Impose Rs. 3 Crore Penalty on Union Bank
- Budgetary Support to HMT for VRS Approved
- Online Bidding for Sovereign Gold Bonds
- Framework for Consolidation of Public Sector Banks
- Bhagat Singh, Rajguru and Sukhdev Martyrdom Day
- Uttar Pradesh Gets New DG of Police
- ‘Startup Chhattisgarh’ Launched
- Nagpur Metro Gets Loan from Germany
- Assam Citizen Centric Service Delivery Project
- World Bank Loan for Assam Project
- RBI Releases OGs for Small Finance Banks
- Visakhapatnam-Chennai Industrial Corridor Gets Funding
- Crop Loan Interest Relief to Farmers Announced
- Financial Solutions for SDGs Launched
- WB Loan for Himachal Financial Management Program
- China Launches Yuan Bond in UK
- World Bank $500M Grant to Afghanistan
- IMF Warns Pakistan on Repayment Obligations
- Plan to Boost Climate Resilience in Africa
- Public Sector Banks to Give Stock to Employees
- New Women Entrepreneurs Finance Initiative Launched
- G7 Finance Ministers Meet: Outcomes and Highlights
- Financial Resolution and Deposit Insurance Bill: Provisions
- Latest on MUDRA Loans Scheme
- RBI Allow Banks Issue Masala Bonds
- ‘Tejaswini’ Projects Gets World Bank Loan
- Technical Education Quality Improvement Programme
- Combating Financing of Terrorism Cell
- RBI De-Register NBFC
- Financial Resolution and Deposit Insurance Bill
- What do you Understand by Islamic Finance ?
- 100% FDI in Asset Reconstruction Companies
- World Bank Loan for Uttarakhand Health Project
- Latest Figures of India’s External Debt
- Foreign Investment in India
- Rupee Denominated Bonds Outside India
- Corporate Voluntary Liquidation Process Regulations
- Reliance Com and Aircel Merged
- Latest Data on Per Capita Debt in India
- SEBI Bans P-Notes on Derivatives
- Rosneft Group Acquires Essar Oil
- Maharashtra Becomes 17th State to Join UDAY
- Norms for Corporate Voluntary Liquidation Issued
- Himachal Pradesh Joins UDAY Scheme
- IDBI Bank Raises Rs 1500 crores
- Asian Infrastructure Investment Bank 3rd Annual Meeting
- Federal Skill Academy Launched
- SBI Merger Exempted from CCI Nod
- Financial Assistance from DEA Fund
- ADB Refuses Funds to Pakistan
- Rana Kapoor is ‘Entrepreneur of the Year 2016’
- Collaborative Mission for Development for Bio-Pharmaceuticals
- List of Schemes Launched for Financial Inclusion
- Bharatiya Mahila Bank Merger With SBI
- Top 10 Latest Achievements in Space Sector by India
- Travancore Bank Gets New Chief
- Awards for Excellence at Security Printing Corporation
- Indian Banks Association Gets New CEO
- SIT on Black Money Submits Report
- Fairfax Gets Stake in Catholic Syrian Bank
- National Disaster Response Force Gets New DG
- Conference on Heritage Rail Tourism Organised
- National Sports Observers Resigned
- IAF Exercise at Pokhran
- Hybrid Annuity Model for Highways Approved
- National Safai Karamcharis Commission Gets New Chairman
- New Initiatives of the Government
- New Species Named in Honor of Trump
- Prime Minister in Rameswaram
- Dr. Ambedkar International Centre Launched
- Meghalaya Launches ‘Mission Football’
- Anti-Tank Guided Missile Nag Tested
- Lal Bahadur Shastri National Award in Public Administration
- National Water Agency Gets New Head
- UN World Conference on Tourism and Culture
- India World’s 7th Most Valued Brand
- UN Peace Building Fund: India Gives $500,000
- Centre Urged Practical Fiscal Decentralization
- Loan Schemes for Minorities in India
- National Trade Facilitation Action Plan
- Latest Indian Efforts to Tackle Climate Change
- Biodiversity Finance Initiative Held
- India’s Latest Statement at UNGA Debate
- Conference on National Pension System
- Swachh Bharat Cess Imposed
- UN Trust Fund for International Cooperation in Tax Matters
- India Elected to Kimberley Certification
- Government Divested Stake in National Aluminum Company
- India Sets New Climate Targets
- Revised Air Services Agreement with Malaysia
- Delhi Gets New Chief Secretary
- Budget ‘Halwa’ Ceremony in News
- New Tax Payer Service ‘Aaykar Setu’ Launched
- Litigation Report of Central Ministries
- Continuation of NLCPR and NESIDS Schemes Approved
- International Association of Insurance Supervisors
- NABARD Assistance to 99 Irrigation Projects
- Operation Clean Money Portal: Salient Features Explained
- Inquiry Commission Setup On DDCA Scam
- Department of Expenditure Gets New Head
- Arun Goyal Appointed in GST Council
- Muslim Outreach Programme Launched
- 7th CPC Recommendations on Allowances Approved
- Wage Agreement of Coal Workers
- Outcomes of Meeting with Trade Unions
- Highlights of Union Budget 2017
- Blockchain Technology in News
- Economic Survey 2016 -17
- India South Africa Cooperation in Grassroots Innovation
- India Kazakhstan JWG on Trade Meet
- New Bridge Over Mechi River at Indo-Nepal Border
- Indian Institute of Management at Jammu
- ‘Clean Street Food ‘ Project Launched
- Extension of Collection of Statistics Act to J&K
- India-EU Setup Investment Facilitation Mechanism
- Mizoram Also Joins UDAY Scheme
- India and Kyrgyzstan Cooperation in Tourism
- Aqua Goa Mega Fish Festival
- India – Hungary MoU in Water Management
- Pharmacy Awards of India Given
- India-Colombia MOU in Agriculture and Fisheries
- India Russia Cooperation in Exploratory Research
- India-Russia Cooperation in Science and Technology
- India-Bangladesh MoU on Aids to Navigation
- Government Makes Standards For Caustic Soda Mandatory
- Voter Verifiable Paper Audit Trail Units
- Subsidy to Industry in North-East Region Approved
- India-Japan Technical Intern Training Program
- Indian Pharma Awards 2016
- Pradhan Mantri Bhartiya Janaushadhi Kendras
- Sutlej Yamuna Link (SYL) Canal Issue in Parliament
- TAMRA Portal and Mobile Application Launched
- Pradhan Mantri Bhartiya Janaushadhi Pariyojana
- Combined Geo-Scientist And Geologist Examination
- Integrated Traceability System ‘HORTINET’ in News
- India-Netherlands Cooperation in Space Technology
- E-Initiatives in Power Sector
- Supreme Court on Jammu and Kashmir Constitution
- New Initiatives Launched in Health Sector
- India Serbia Relations: Information Technology MoU Signed
- India-Srilanka MoU on Traditional Medicine Systems
- Attorney General of India
- India Singapore MoU in Industrial Property
- NCA Allows Raising of Sardar Sarovar Dam Height
- Vijayawada Airport Upgraded to International Airport
- Measures to Check Over Exploitation of Ground Water
- Establishment of BIMSTEC Grid: Latest Developments
- Good Governance Initiatives of Aviation Ministry
- India-Palestine Cooperation in Information Technology
- Rights of Persons with Disabilities Bill Passed
- Indo-Nepal Mechanism to Control Floods in Rainy Season
- SEBI Notifies ‘Fast-Track’ Route For Share Sales
- IRDAI Hikes Insurance Premium Prices
- Hague Convention on Civil Aspects of Child Abduction
- Norms for Online Food Business Issued
- Project Cultural Mapping of India
- Steps Taken For Trade in Food Products
- Written Agreement Mandatory For Towers
- Geospatial Bill: India Rejects Pakistan’s Move
- Mechanism for Strategic Disinvestment Approved
- ‘Mission Satyanishtha’ Launched
- New Central Scheme ‘SAMPADA’ Launched
- Christine Lagarde Re-Elected IMF Head
- Manipal Group Gets New CFO
- HDFC ERGO Acquisition of L&T Insurance
- Recommendations of NCSK Report
- Measures Taken on Outbreak of Avian Influenza
- Four Countries to Graduate From ‘Least-Developed’ Status
- Yemen Reverses Decision on UNHRC Official
- Sarva Shiksha Abhiyan: Latest Information
- WTO Roadmap to Reducing Barriers to Trade Launched
- World’s Women 2015 Report Released
- Committee Setup on Panama Financial System
- Belgium Ratifies Three Significant ILO Conventions
- UN Approves Updated Whistleblower Policy
- UNCTAD Report on Maritime Transport
- New Intensified Mission Indradhanush Launched
- Agriculture Reforms Schemes: Launch and Impact