CURRENT AFFAIRS

2021

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which is the first state to receive additional funds for capital projects?
A
Goa
B
Kerala
C
Uttar Pradesh
D
Madhya Pradesh
Explanation: 

Detailed explanation-1: -Funds for capital projects come from a variety of sources, each having its own set of conditions for use. Generally, the funds fall into three categories: revenue funds, debt funds, and other.

Detailed explanation-2: -Capital projects funds are used to account for financial resources used for the acquisition or construction of capital facilities. These include land, improvements to land, buildings and building improvements and infrastructure.

Detailed explanation-3: -The Scheme has been named as “Special Assistance to States for Capital Investment 2022-23”. An amount of Rs. 1 lakh crore has been allocated for the Scheme. Under the Scheme, financial assistance will be provided to the State Governments in the form of 50-year interest free loan for capital investment projects.

Detailed explanation-4: -CAPEX (Capital Expenditure) | Pulwama District, Government of Jammu and Kashmir | India.

There is 1 question to complete.