Page-3 of Finance Minister Current Affairs, GK & News

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 the Finance Minister Nirmala Sitaraman during the Union Budget 2020-21. Key Features of the bill ..

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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 (Amendment) Bill, 2020 intends to regulate 1,540 cooperative banks with total savings of Rs 5 ..

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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 124th birth anniversary of Morarji Desai was observed on February 29, 2020. Several national leaders ..

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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 banking in the tea garden regions of the north east is to be increased. This ..

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EASE 3.0 launched by the Finance Minister to enhance Ease of Banking

On February 26, 2020, the Finance Minister Nirmala Sitaraman launched Enhanced Access and Service Excellence (EASE 3.0). It was launched along with the annual report of EASE 2.0 at a function organized by Indian Banks’ Association. Highlights The main aim of EASE 3.0 is to make public sector banking technology enabled and smart. By this ..

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