Ministry of Finance Current Affairs, GK & News

Stand Up India Scheme: Over 81% account holders are women

The Ministry of Finance has launched several schemes in past seven years which comprise of several special provisions that empowers the women. One such scheme is “Stand-up India scheme” under which 81% of the account holders are women. All these schemes have financially empowered the women to lead a better life and fulfil their dreams ..

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FinMin allows all Private Banks to Participate in Government Business

The finance ministry has allowed all the private sector banks to participate in business related to government such as small savings schemes and collection of taxes pension payments. Highlights Currently, only some of the big private sectors are allowed to conduct government-related businesses. So, now embargo has been lifted and this move will enhance the ..

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Andhra Pradesh: 2nd State to undertake Power Sector reforms

Andhra Pradesh has become the second State to implement the power sector reforms that was put forward by the Department of Expenditure, Ministry of Finance. Highlights The state has implemented the one of the three reforms that was bought in 2020. Under the reform, the state has started the Direct Benefit transfer (DBT) of electricity ..

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Economic Survey 2021- Key Highlights

Union Finance Minister Nirmala Sitharaman tabled the Economic Survey 2020-21 in the Lok Sabha on January 29, 2021. Highlights The Economic Survey 2021 presented an estimation of the progress that the Indian economy has made in the last 12 months. The survey highlights that the real growth rate for Financial Year 2021 was taken as ..

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Rajasthan- 5th state to complete Urban Local Bodies Reforms

Rajasthan has become the 5th state in the country to successfully complete the Urban Local Bodies (ULBs) reforms. This was specified by the Department of Expenditure, Ministry of Finance. Benefits Rajasthan now become eligible for additional reform linked borrowing. Thus, the State has been granted permission by the Department of Expenditure an additional financial resource ..

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