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GoI notifies rules for Vivad Se Vishwas Scheme
On March 19, 2020, Govenrment of India has notified rules to avail full benefit of direct tax dispute resolution under the Vivad Se Vishwas Scheme. Highlights Currently, there are more than 400,000 cases that are eligible to avail the scheme. ..
Month: Current Affairs - March, 2020
PM Modi addresses the Nation: Introduces “People’s Curfew”, Economic Response Task Force to fight Corona Virus
On March 19, 2020, Prime Minister Narendra Modi addressed the nation on combating Corona Virus. The PM introduced People’s Curfew during his speech. He also said that Economic Task Force is to be implemented under the Finance Minister. Highlights PM ..
Month: Current Affairs - March, 2020
Parliament passed Direct Tax Vivad Se Viswas Bill, 2020
On March 14, 2020, Parliament passed the Direct Tax Vivad Se Viswas Bill, 2020. The bill aims to reduce the number of litigation that are associated with direct tax payments. The Direct Tax Vivad Se Viswas concept was introduced by ..
Month: Current Affairs - March, 2020
Finance Minister introduces bill to amend Banking Regulation Act
On March 3, 2020, Finance Minister Nirmala Sitaraman introduced bill in Parliament to amend banking regulation law to regulate cooperative banks. It aims to prevent frauds as that seen at Punjab and Maharashtra Cooperative Banks (PMC). Highlights The Banking Regulation ..
Month: Current Affairs - March, 2020
124th birth anniversary of Morarji Desai observed on February 29, 2020
Former Indian Prime Minister Morarji Desai, who was also the Finance Minister of India, has presented 10 Union budgets, which is the highest as of 2020. P Chidambaram and Pranab Mukherjee have presented 9 and 8 budgets respectively. Recently, the ..
GoI to increase reach of banking in the North-East Tea Garden areas
On February 27, 2020, the Finance Minister Nirmala Sitaraman announced that the banking in the North East Region is to be increased. Highlights The minister in a meeting with economists, trade and industry representatives and policy experts announced that the ..