budget 2020-21 Current Affairs, GK & News

Quantum Computing Application Lab: GoI and Amazon Partnership

The Ministry of Electronics and Information Technology in partnership with the Amazon Web Services is to establish Quantum Computing Applications Lab. The lab will identify quantum computing problems faced by Central and State Governments and also by the research institutions. The chosen proposals from these entities will get access to Amazon Web Services to use ..

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Central Investment Clearance Cell

The Government of India recently announced that the Central Investment Clearance Cell is to be launched by April 2021. The Centralised Investment Clearance Cell was announced as an integral part of the single window system. The Single Window System is being worked out by Ministry of Commerce and Industry. The idea of establishing Central Investment ..

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Pradhan Mantri Fasal Bhima Yojana reviewed

On July 13, 2020, Finance Minister Nirmala Sitaraman reviewed Pradhan Mantri Fasal Bhima Yojana. Highlights The Minister reviewed the journey of Pradhan Mantri Fasal Bhima Yojana since 2016. The scheme will now on focus on leveraging technologies. The scheme is expected to migrate towards technology by 2023. A survey is to be conducted after Rabi ..

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Cooperative Banks brought under RBI

On June 24, 2020, the Union Cabinet chaired by PM Modi approved to bring cooperative banks under the Reserve Bank of India. This is to be done through an ordinance. Highlights There are about 1,482 crores of urban cooperative banks. Apart from these, India also holds 58 multi-state cooperative banks. These banks together support 8.6 ..

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Budget 2020: dispute resolution scheme for direct taxes

The Union Finance Minister Nirmala Sitharaman announced a dispute resolution scheme for direct taxes in the recent Union Budget 2020-21. Under the proposed scheme, the taxpayers whose tax demands are locked in any dispute in any of the forums can pay their due taxes by March 31, 2020. By paying it before the deadline, the ..

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