Ministry of Finance
Advance and EPCG Authorisation Scheme
The finance ministry has introduced an amnesty scheme aimed at offering relief to traders who have defaulted on their export obligations. This scheme provides an opportunity for traders to rectify past defaults and fulfill their export obligations by paying customs ..
Month: Current Affairs - May, 2023
Category: Government Schemes Current Affairs
NPS Diwas
NPS Diwas was observed on October 1 by Pension Fund Regulatory and Development Authority (PFRDA). Key facts The National Pension System Diwas (NPS Diwas) was observed by the pension regulator to promote pension and retirement planning among Indian citizens and ..
Month: Current Affairs - October, 2022
Category: Economy & Banking Current Affairs • Government Schemes Current Affairs • India Nation & States Current Affairs
Damodaran Committee to boost PE/VC investments
The Union Finance Ministry recently set up an expert committee headed by former SEBI chief M. Damodaran to assess and recommend ways to solve regulatory issues to boost investments by private equity (PE) and venture capital (VC) in Indian startups. ..
Month: Current affairs - September, 2022
Category: Economy & Banking Current Affairs • India Nation & States Current Affairs
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 ..
Month: Current Affairs - June, 2022
Category: Art & Culture Current Affairs • India Nation & States Current Affairs
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 ..
Month: Current Affairs - June, 2022
Category: Government Schemes Current Affairs • International / World Current Affairs
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 ..
Month: Current Affairs - June, 2022
Category: Economy & Banking Current Affairs
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 ..
Month: Current Affairs - May, 2022
Category: Economy & Banking Current Affairs
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 ..
Month: Current Affairs - May, 2022
Category: Economy & Banking Current Affairs