Ministry of Finance Current Affairs, GK & News

National Museum of Customs and GST

As a part of Azadi ka Amrit Mahotsav, Union Finance Minister, Nirmala Sitharaman inaugurated the “National Museum of Customs and GST”. Highlights The National Museum of Customs and GST called “Dharohar” was inaugurated in Goa. Museum was inaugurated as part of Azadi Ka Amrit Mahotsav Iconic week (June 6 to June 12, 2022) of Ministry ..

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Kerala: Suraksha-Mitra Project

The Suraksha-Mitra project has become operational in the State of Kerala. What is Suraksha-Mitra Project? Suraksha-Mitra Project is a vehicle monitoring system. It sends distress messages in case of any accident. Motor Vehicle Department has launched this project under Nirbhaya Scheme. This system will send a distress message to owners’ mobile phones, if there are ..

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Jan Samarth Portal

On June 6, 2022, Prime Minister Narendra Modi launched a “national portal for credit-linked government schemes” called “Jan Samarth Portal”. Highlights Portal was launched during the ‘Iconic Week Celebrations’ of Ministry of Finance and Ministry of Corporate Affairs at Vigyan Bhawan in New Delhi. The week, starting from June 6 to June 11, is being ..

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General Anti-avoidance Rule (GAAR)

Recently, the Department of Revenue under the Ministry of Finance started investigations under the General Anti-avoidance Rule (GAAR) into firms misusing the law. Many firms have been using creative methods to avoid paying taxes to the government. What is General Anti-avoidance Rule (GAAR)? GAAR is an anti-tax avoidance law, whose provisions come under the Income ..

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Rs 7,183.42 crore Revenue Deficit Grant

Recently, the Department of Expenditure (Ministry of Finance) released Rs 7,183.42 crore as a revenue deficit grant to 14 states. This is the 2nd monthly installment of the Post Devolution Revenue Deficit (PDRD) grant to states. Who recommended Post Devolution Revenue Deficit (PDRD) grant to states? Fifteenth Finance Commission. Which states were recommended for Post ..

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