Bookmark Bookmark

Fiscal Performance Index (FPI) launched by CII

Fiscal Performance Index (FPI) launched by CII

Confederation of Indian Industry (CII) has launched a Fiscal Performance Index (FPI) to assess state and central budgets.

The Index incorporates qualitative assessments of revenue expenditure, capital expenditure, revenues, fiscal prudence and the level of public debt.

Key findings:

The CII has used this index to analyse state and central budgets from 2004-05 to 2016-17.

The study found that despite improvement a reduction in the fiscal deficit between FY13 and FY18, the overall performance of the budget has been remained steady with improvements only in FY16 and FY17.

This is largely due to moderation in the revenue, capital expenditure and and net tax revenues indices.

The analysis also shows that the combine performance of all state budgets has improved despite worsening of fiscal deficit numbers because of improvements in revenue and capital expenditure indices.

You might be interested:

2nd Global Disability Summit held in Argentina

2nd Global Disability Summit held in Argentina 2nd Global Disability Summit is being held at Buenos Aires, Argentina. The objective of the summit is to deliberate on issues across the world concerning ...

one year ago

Joint Indo-French Air Force Exercise: Garuda 2019

Joint Indo-French Air Force Exercise: Garuda 2019 The Indian Air Force (IAF) is set to take part in its biggest joint air exercises of the year, with the French Air Force. This would be the sixth edit ...

one year ago

6 June: Maharana Pratap Jayanti observed

6 June: Maharana Pratap Jayanti observed Maharana Pratap Jayanti is observed every year on 6 June to celebrate birth anniversary of brave Rajput warrior. The year 2019 marks 479th birth anniversary of ...

one year ago

World leaders mark 75 years since D-Day on Normandy's beaches

World leaders mark 75 years since D-Day on Normandy's beaches U.S. President Donald Trump landed in France on 06 June to join other world leaders on the beaches of Normandy in a tribute to the veteran ...

one year ago

RBI abolishes its charges for NEFT and RTGS

RBI abolishes its charges for NEFT and RTGS The Reserve Bank of India on 06 June announced it was waiving off charges that are applied on bank transfers carried out either by National Electronic Funds ...

one year ago

RBI delivers another rate cut, shifts policy stance to 'accommodative'

RBI delivers another rate cut, shifts policy stance to 'accommodative' The Reserve Bank of India (RBI) on 06 June cut key policy rates by 25 basis points, the third consecutive time it has done so. Th ...

one year ago

Provide your feedback on this article: