Tuesday, 5 July, 2022
TopicController General of Accounts

Topic: Controller General of Accounts

Centre’s fiscal deficit stood at 18.2% of budget estimate for FY22 at end of June

In absolute terms, the fiscal deficit was at Rs 2,74,245 crore. For the current financial year, the government expects the fiscal deficit at 6.8% of GDP or Rs 15,06,812 crore.

Fiscal deficit for 2020-21 at 9.3% of GDP, lower than estimated by finance ministry

The government had initially pegged the fiscal deficit at Rs 7.96 lakh crore or 3.5 per cent of the GDP in the budget presented in February 2020.

On Camera

YourTurn

Illustration by Soham Sen

Keep calm and carry on: Unlike wheat, rice isn’t hot yet

The world is worried that India might restrict exports of rice after wheat, pushing prices higher and worsening global food security.

Defence

Indian Naval Air Squadron INAS 324 commissioned at Visakhapatnam | Twitter | @PBNS_India

India’s Eastern Seaboard gets its first naval air squadron INAS 324

With INAS 324, the Indian Navy's Eastern Seaboard will now operate a naval air squadron with HAL’s indigenously built Advanced Light Helicopter.

Moral, political & ideological questions on Maharashtra: 1st is simplest to answer, 3rd trickiest

What is Shiv Sena’s ideology? We might say it’s been a convenient mix of extreme ethnic chauvinism & unforgiving Hindutva. Within the second, the party retained space to manoeuvre.
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