Finance Minister of India: Current Affairs, GK & News - 2020-2021

Finance Minister announces relief measures amid lockdown

Published: March 25, 2020

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 ..


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

Published: March 4, 2020

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 ..


Finance Minister launches EASE 3.0 initiative

Published: February 28, 2020

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.


Budget 2020: dispute resolution scheme for direct taxes

Published: February 6, 2020

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 ..


 Finance Commission suggests GST Council for Three Slabs

Published: December 24, 2019

The fifteenth Finance Commission headed by Retired IAS officer Nand Kishore Singh is about to commence its tenure of 5 years from 1st April 2020- 31st  March 2025. The commission constituted on 27th November 2017 will recommend fiscal matters and tax devolution formula to the Central Government over its tenure. On Sunday, 23rd December 2019 ..