Fiscal Health Index (FHI) 2025 has been released by which organization?
Show answer & explanation
Correct answer: A
Explanation
The Fiscal Health Index (FHI) 2025 has been released by NITI Aayog.
Fiscal Health Index (FHI) -
Objective: This index evaluates the fiscal performance of Indian states and the strength of their fiscal management.
Key Parameters: It is primarily based on four pillars:
Fiscal Deficit
Own Tax Revenue
Debt Level
Interest Payments
It helps states understand their fiscal deficiencies and formulate better economic policies. It is a key initiative of NITI Aayog to promote Competitive Federalism.
NITI Aayog -
Description, Facts
Established on January 1, 2015 (replacing the Planning Commission)
Headquarters: New Delhi
Chairman: Prime Minister (ex-officio)
Functions: Act as the government's think tank and enhance state participation.