Finance Minister of India
FM chairs 24th meeting of FSDC
Finance Minister, Nirmala Sitharaman, chaired the 24th meeting of Financial Stability and Development Council (FSDC) at Vigyan Bhavan, New Delhi. Financial Stability and Development Council (FSDC) FSDC is an apex-level body that was set by the government of India in ..
Month: Current Affairs - September, 2021
Government seeks parliament nod for additional spending
On 20th July, Nirmala Sitharaman, Finance Minister of India, sought the nod of the Indian Parliament so as to spend an additional Rs 23,675 crore in the current financial year including Rs 17,000 crore for the Health Ministry. Highlights ..
Month: Current Affairs - July, 2021
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 ..
Month: Current Affairs - February, 2021
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 ..
Month: Current Affairs - February, 2021
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 ..
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 ..
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 ..
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 ..