Finance Minister Current Affairs, GK & News

42 Crore Citizens received Financial Aid of Rs 65,454 Crore under PMGKP

As per the data provided by the Union Finance Ministry on 20th June 2020,  through Pradhan Mantri Garib Kalyan Package (PMGKP), a total of 42 crore citizens across the country have received financial aid of Rs 65,454 crore to date. The amount was distributed in the 3 forms, :(i) Through Direct Benefit Transfer (DBT) to ..

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INR-USD Futures and Options Contracts launched by Finance Minister

On May 9, 2020, the Union Finance Minister Smt Nirmala Sitaraman launched the INR-USD Futures and Options contracts in the BSE and NSE platforms. They were launched at the GIFT International Financial Service Centre (IFSC) in Gandhinagar, Gujarat through video conference. Significance The contracts have been launched to increase economic activity and employment in the ..

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Task force on National Infrastructure Pipeline submits its report

On April 29, 2020, the task force on National Infrastructure Pipeline has submitted its final report to Finance Minister Nirmala Sitaraman. The report has been prepared for the year 2019-25. Highlights The summary of the report prepared by the task force on National Infrastructure Pipeline had already been released in December 2019. The Finance Minister ..

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Finance Minister on COVID-19: Tax Filings extended, ATM, bank charges waived off, Business Rules Eased and much more

On March 24, 2020, the Finance Minister Nirmala Sitaraman announced several key measures in the view of Corona Virus Pandemic. The minister also announced that the Economic Task Force is to announce Economic Relief Package to contain the spread of the disease. Financial Measures No charges on withdrawal of cash in bank ATMs. Also, the ..

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Finance Bill, 2020 passed in Lok Sabha

On March 23, 2020, Finance Minister Nirmala Sitaraman introduced the Finance Bill, 2020. The bill was introduced and passed in Lok Sabha without any discussion. Key Features of the Bill The bill provides the financial proposals of the fiscal year 2020-21. With the bill being passes, the proposals made under the Union Budget 2020-21 has ..

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