Finance Ministry Current Affairs, GK & News
Somanathan: New Finance secretary
The Expenditure Secretary T V Somanathan was recently designated as the Finance Secretary by the Appointments Committee of the Cabinet. About T V Somanathan Currently he is the senior most officer among all the secretaries in the Ministry of Finance. He is a 1987 batch Indian Administrative Service Officer of Tamil Nadu cadre. Tuhin Kanta ..
Month: Current Affairs - April, 2021
Category: Awards, Persons & Places in News
Topics: Appointments Committee • DIPAM • Disinvestment • Finance Ministry • NITI Aayog • Privatisation • Secretary
Finance Ministry releases grants to Rural Local Bodies
The Department of Expenditure of Ministry of Finance has recently released Rs 12,351 crore to 18 States in order to provide grants to the Rural Local Bodies. Highlights The amount is the 2nd instalment of basic grants released in the current financial year. The grant has been released after the states provided the Utilisation Certificate ..
Month: Current Affairs - January, 2021
Category: Economy & Banking Current Affairs
Topics: 15th Finance Commission • Finance Ministry • Gram panchayat • Municipality • Rural local bodies • Urban Local Bodies
15 Proposals worth Rs 6400 Cr Sanctioned for Stressed NBFCs and HFCs
The Finance Ministry has declared that the government has sanctioned 15 proposals worth Rs 6400 crores as part of the Special Liquidity Package, a part of the Rs 20.97 lakh crore ‘Atmanirbhar Bharat’ Package announced by the government. What is the Scheme? This scheme was launched on July 1 and it permits both primary and ..
Month: Current Affairs - August, 2020
Category: Economy & Banking Current Affairs • Government Schemes Current Affairs
Topics: Finance Ministry • HFCs • National Housing Bank • NBFCs • NHB • RBI
RBI and Finance Ministry to meet to decide on First Half Borrowing Plan
The Finance Ministry and the Reserve Bank of India is to hold a meeting on March 31, 2020 to discuss about the first half borrowing plan for the year 2020-21. For the first time in Indian history, the meeting is to be held through video conferencing. The Plan According to the Union Budget 2020-21, the ..
Month: Current Affairs - March, 2020
Category: Economy & Banking Current Affairs
Topics: Borrowings • external debt • Finance Ministry • India-IMF • india-world bank • RBI • Reserve Bank of India (RBI) • Special drawing rights • Union Budget • US Dollar
Maximum insurance for bank deposits increased to ₹ 5 Lakh
The Union Finance Minister hiked the maximum insurance provided for bank deposits to ₹ 5 Lakh, per depositor, in her recent Union Budget 20-21. As per the existing guidelines of the Reserve Bank of India, deposits of the customers with all commercial banks and cooperative banks are insured under the Deposit Insurance and Credit Guarantee ..
Topics: Deposit insurance • Finance Ministry • Reserve Bank of India • union budget 2020-21