Finance Minister Current Affairs, GK & News
Union Budget 2022-23-Highlights
On February 1, 2022, the Union Finance Minister Nirmala Sitaraman presented the Union budget 2022-23. The budget focuses on macro economic growth, energy transition, promoting digital economy, climate action, tech enabled development, crowding in private investment. Here are the highlights of the budget. Key Highlights Digital Rupee is to be issued using block chain technologies ..
Month: Current Affairs - February, 2022
Category: Economy & Banking Current Affairs - 2022
Topics: ‘PM Gati Shakti’ Masterplan • Block chain • credit guarantee programme • Crypto Currency • digital economy • digital rupee • E-Passport • Energy transition • Finance Minister • Financial inclusion • Green Bonds • India solar energy • Ken Betwa River Project • Macroeconomic policy • Minimum Support Price • Multi Modal Logistics Park • National Tele Mental Health Programme • nirmala sitaraman • oil seeds • PLI • PM eVidya programme • Special economic zones • Union Budget • Union Budget 2022-23 • Zero Fossil Fuel Policy
Govt buries Retrospective Tax
Finance Minister, Nirmala Sitharaman, introduced a Bill in Parliament to nullify the provisions of Income Tax Act. This bill has put an end to contentious retrospective tax law which has hit the confidence of foreign investors like Vodafone and Cairn. Highlights Government also proposed to refund amount paid in litigation by companies without any interest. ..
Month: Current Affairs - August, 2021
Category: Economy & Banking Current Affairs - 2022
Topics: Cairn India • Finance Minister • Hutchison Essar • Retrospective tax • Smt. Nirmala Sitharaman • Vodafone case
FM addressed USISPF-Global Investors Meet
Finance Minister, Nirmala Sitharaman, addressed the Global Investors Roundtable organised by US-India Strategic Partnership Forum (USISPF) on June 24, 2021. Highlights While addressing the investor’s meet she asserted that; continuous reforms make India a great place to do business. She also invited global investors to take advantage of recent FDI reforms, privatisation policy and performance ..
Month: Current Affairs - June, 2021
Category: Summits and Conferences
Topics: FDI to India • Finance Minister • fiscal deficit • India-US • Nirmala Sitharaman • US-India Strategic Partnership Forum • USISPF
Cabinet clears DFI with capital infusion of Rs 20000 crore
The Finance Minister, Nirmala Sitharaman, announced on March 16, 2021 that the Union Cabinet chaired by Prime Minister, Narendra Modi, has cleared the proposal of setting up of the “Development Finance Institution (DFI) with the capital infusion of rupees 20,000 crore. This proposal was approved in a bid to boost the infrastructure development in country. ..
Month: Current Affairs - March, 2021
Category: Economy & Banking Current Affairs - 2022
Topics: Capital Infusion • Development Finance Institution (DFI) • Finance Minister • National Infrastructure Pipeline (NIP) • Union Budget 2021
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 ..
Month: Current Affairs - June, 2020
Category: Economy & Banking Current Affairs - 2022
Topics: Finance Minister • Jan-dhan account • PM-Kisan • Pradhan Mantri Garib Kalyan Package • Pradhan Mantri Ujjwala Yojana
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 ..
Month: Current Affairs - May, 2020
Category: Economy & Banking Current Affairs - 2022
Topics: Bombay Stock Exchange • Finance Minister • Gift City • IFSC • National stock exchange • nirmala sitaraman • Stock Market • Stock Trading