Framework to implement Vivad Se Vishwas-I

During COVID, the GoI had collected a forfeited amount. Forfeited means the loss of something. When someone fails to pay the money he owes, forfeiture occurs. GoI collected forfeited amounts (something like a fine) from companies that failed to oblige ..

Tags: Finance Ministry • forfeiture • MSME • Union Budget

Month: Current Affairs - February, 2023

Category: Economy & Banking Current Affairs - 2022

Finance Ministry’s Monthly Economic Review – Update (February, 2022)

On the basis of several efforts taken by the government in Budget 2022-23, the Indian economy is expected to grow at the fastest rate among the large nations, according to the Finance Ministry’s Monthly Economic Review. Overview: Agriculture will boost ..

Tags: Finance Ministry • Gatishakti • Indian Economy • Ministry of Power • PM-Kisan

Month: Current Affairs - February, 2022

Category: Economy & Banking Current Affairs - 2022

Finance Ministry’s Monthly Economic Review

The Ministry of Finance recently released its “Monthly Economic Review for September 2021”. According to the report, Indian economy is on path of swift recovery from the impact of Covid-19 pandemic. Key Findings As per economic review report, sustained & ..

Tags: COVID-19 • debt-to-GDP ratio • Finance Ministry • GST collection • Ministry of Power

Month: Current Affairs - October, 2021

Finance Ministry releases Revenue Deficit Grants to States

Finance Ministry released the sixth monthly instalment of revenue deficit grant of Rs 9871 crores to 17 states, on September 9, 2021. Highlights Grants were released on the recommendations of 15th Finance Commission to 17 states for 2021-22. Grants were ..

Tags: 15th Finance Commission • Article 275 • Finance Ministry • Revenue Deficit Grants

Month: Current Affairs - September, 2021

Government seeks parliament nod for additional spending

On 20th July, Nirmala Sitharaman, Finance Minister of India, sought the nod of the Indian Parliament so as to spend an additional Rs 23,675 crore in the current financial year including Rs 17,000 crore for the Health Ministry.   Highlights ..

Tags: Additional grant • COVID-19 • Department of Pharmaceuticals • Finance Minister of India • Finance Ministry

Month: Current Affairs - July, 2021

Dept of Public Enterprises brought under Finance Ministry

Central government has decided to bring Department of Public Enterprises (DPE) under finance ministry. Key Points DPE was earlier under Ministry of Heavy Industries and Public Enterprises. It has been brought under finance minister in a bid to ease coordination ..

Tags: bureau of public enterprises • Central Public Sector Enterprises (CPSEs) • Department of Public Enterprises • Finance Ministry • sahkarita mantralaya

Month: Current Affairs - July, 2021