Page-3 of Finance Ministry
Govt. makes Aadhaar mandatory for PMVKY subscribers
Centre government has made Aadhaar (the unique 12-digit biometric identity number) mandatory for subscribers of Pradhan Mantri Vaya Vandana Yojana (PMVVY) which is a pension scheme for senior citizens. Finance Ministry notified that an individual eligible for receiving benefit under ..
Month: Current Affairs - December, 2019
GoI merges three Insurance PSUs
The GoI will merge 3 public Sector Insurance Companies as announced in budget 2019-20. The merger includes United India Insurance Limited, National Insurance Co Limited and Oriental Insurance Company Limited. Highlights The Budget 2019-2020 did not make provision of funds ..
Month: Current Affairs - November, 2019
India-US Economic and Financial Partnership Meeting held
The 7th India-US Economic and Financial partnership meeting was held in New Delhi. It was Co-chaired by Finance Minister Nirmala Seetharaman and US Secretary Steven T Minuchin. The leaders took efforts to improve mutual cooperation on wide range of multilateral ..
Month: Current Affairs - November, 2019
Finance Minister chairs meeting of NIIF’s Governing Council
The governing council meeting of National Investment and Infrastructure Fund (NIIF) was chaired by Union Finance Minister Nirmala Sitharaman in North Block, New Delhi. Minister of State for Finance and Corporate Affairs Anurag Thakur was also present at the meet. ..
Month: Current Affairs - October, 2019
PF rate to remain unchanged
After a lengthy discussion by the various Union Ministries involved in the process, the Union Government has decided to notify an 8.65% interest rate for the PF deposits in India. This offered rate of interest is the same as the ..
Government notifies Sabka Vishwas-Legacy Dispute Resolution Scheme, 2019
Union Finance Ministry has notified Sabka Vishwas-Legacy Dispute Resolution Scheme, 2019, a dispute resolution and amnesty scheme to reduce legacy service tax and central excise cases. It will become operational from September 1, 2019 four months till December 31, 2019. ..