Ministry of Finance: GK, General Studies and Current Affairs

Businesses, with an annual turnover of up to Rs 40 lakh are exempted from GST

The Finance Ministry of the Government of India has declared in a series of statements that Businesses with an annual turnover of up to Rs 40 lakh will enjoy GST exemption. Previously the threshold limit ..

Banks sanction loans worth over Rs 1.5 lakh crore under ECLGS for MSME

The finance ministry declared, Public and Private Sector Banks have disbursed loans over Rs 1.5 lakh crore under the Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector. The top three lenders under the ..

International Monetary and Financial Committee

The Union Minister of Finance and Corporate Affairs attended the plenary meeting of IMFC through video-conferencing in light of the COVID-19 crisis. About IMFC The International Monetary and Finance Committee is a body under the ..

Union Cabinet approves RoDTEP

The Union Cabinet approved the Remission of Duties or Taxes on Export Products (RoDTEP). It is a scheme for exporters to reimburse taxes and duties paid, like value added tax, coal cess and electricity duties ..

Ajay Bhushan Pandey appointed as the new Finance Secretary of India

The Appointments Committee of the Cabinet has approved the appointment of the current Revenue Secretary Ajay Bhushan Pandey as the new Finance Secretary of India. Ajay Bhushan Pandey replaces current Finance Secretary Rajiv Kumar, who ..