Finance Minister of India Current Affairs, GK & News

G20 Central Bank Governors’ Meet- Highlights

The Finance Minister of India, Nirmala Sitharaman, attended the G20 Central Bank Governors’ meeting on February 26, 2021.  This was the first ever G20 Central Bank Governors’ meeting that was held under the Italian Presidency. Highlights During the meeting, the finance minister highlighted regarding the India’s policy response with respect to COVID-19 pandemic and the ..

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Union Budget 2021-2022- Summary

The 2021-22 Union Budget was presented amid the COVID-19 pandemic on February 1, 2021. Since the 2020 budget, the Indian economy have reduced from 2.24 lakh crore nominal GDP to Rs 1.94 lakh crore. This reduction in the size of the economy was due to the lower revenue growth and higher expenditure in the year ..

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Finance Minister announces relief measures amid lockdown

Union Finance Minister Nirmala Sitharaman recently announced various relief measures amid lock-down of the country due to coronavirus scare. As per the measures, the deadline for filing belated income tax return (ITR) for the financial year 2018-19 and for filing goods and services tax (GST) returns for March, April and May has been extended to ..

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Government forms committee to finalise operational modalities of ‘Kisan Rail’

The government has formed a committee under the Ministry of Agriculture and Farmers Welfare to work out the operational modalities of ‘Kisan Rail’. In the recent budget, Finance Minister Nirmala Sitharaman proposed to set up a ‘Kisan Rail’ through the public-private-partnership (PPP) mode to transport perishable goods. The proposed committee also includes representatives of the ..

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Finance Minister launches EASE 3.0 initiative

Union Minister for Finance & Corporate Affairs Nirmala Sitharaman recently unveiled the initiative of Public Sector Banks named ‘EASE 3.0’. The initiative aims to enhance Ease of banking in all customer experiences, using information technology. The EASE agenda was initially launched in 2018 by Public Sector Banks, for providing smart and effective banking to customers.

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