Ministry of Finance Current Affairs, GK & News

RoDTEP Scheme: India notifies Duty Rebate Rates

Centre government notified the rates and guidelines for Remission of Duties and Taxes on Exported Products (RoDTEP) export incentive scheme. Key Points This scheme for zero rating of exports will help in boosting India’s exports and competitiveness across the global markets. Rates under RoDTEP scheme for different sectors have been set as 0.5 per cent, ..

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FinMin Joint Secretary Rashmi R Das appointed to UN Tax Committee

Rasmi Ranjan Das, a Joint secretary of the Finance Ministry has been appointed to the UN tax committee as a member for the term period 2021 to 2025. Rasmi Ranjan Das is Joint Secretary – (FT&TR-I), Central Board of Direct Taxes, Department of Revenue, Ministry of Finance.   About the UN tax committee Formally known ..

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Cabinet approves PMGKY 4.0

Union government has approved PMGKY 4.0 to allocate additional food grain for another period of five months from July 2021 to November 2021. Key Points Pradhan Mantri Garib Kalyan Yojana Phase IV will be launched from July 2021 to November 2021. Under it, free of cost food grains will be given at 5 kg per ..

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T Rabi Sankar named RBI deputy governor

The Government of India recently appointed T Rabi Shankar as the fourth Deputy Governor. About T Rabi Shankar T Rabi Shankar is in charge of fintech, payment system, risk management and information technology at the Apex Bank. He has succeeded B P Kanungo. Rabi Shankar has an M Phil in Economics degree. He was appointed ..

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Scheme of Financial Assistance to States for Capex

The Ministry of Finance recently announced that it is to provide Rs 15,000 crores to the states for their Capital Expenditure for 2021-22. This is being provided as interest free fifty-year loan to spend on capital projects. Fresh guidelines have been announced in this regard called the “Scheme of Financial Assistance to States for Capital ..

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