Page-10 of Ministry of Finance
B C Khanduri panel recommends 100% pension to widow of deceased soldier
The Parliamentary Panel headed by Maj. General (Retired) B C Khanduri has recently tabled its report in Parliament. In the report, the panel has recommended the 100% pension to widow of deceased soldier so that she can take care of ..
Pradeep Kumar Sinha committee formed by GST Council to select members of National Anti-profiteering Authority (NAPA) under GST
The Goods and Service Tax (GST) Council has formed a selection committee under the chairmanship of cabinet secretary Pradeep Kumar Sinha to identify and recommend eligible persons for appointment as the chairman and members of the National Anti-profiteering Authority under ..
Finance Ministry asks Ministries to decide on FDI proposals within 60 Days
The finance Ministry has asked all those ministries tasked with clearing foreign direct investment proposals in the 12 sectors that require government’s nod to take a decision on such proposals within 60 days. Last month, the Cabinet abolished the Foreign Investment and ..
Month: Current Affairs - June, 2017
GST Council Finalises 4-slab Service Tax Structure
The GST Council headed by finance Minister Arun Jaitley has finalised a 4-slab service tax structure at the rates of 5, 12, 18 and 28 per cent as against the single rate of 15% levied on all taxable services. GST regime is scheduled to be ..
Month: Current Affairs - May, 2017
Government shifts disinvestment advising role to Department of Economic Affairs
The Union Government has transferred the advising role of Department of Investment and Public Asset Management (DIPAM) on utilisation of the proceeds from disinvestment to the Department of Economic Affairs (DEA). This announcement comes after the Union Cabinet approved an ..
Month: Current Affairs - January, 2017
Union Government constitutes Committee headed by Vijay Kelkar to revisit PPP infra model
Union government has constituted a 10-member committee to review and revitalise public private partnership (PPP) mode of infrastructure development. The committee will be chaired by former finance secretary Vijay Kelkar and submit its report within a period of 3 months ..
Month: Current Affairs - May, 2015
Union Government appoints M J Joseph as Controller General of Accounts
Union Ministry of Finance has appointed M J Joseph as the Controller General of Accounts (CGA). He will succeed Jawahar Thakur, who was recently appointed as OSD (Accounting Reforms) in the office of CGA. Joseph is a 1979 batch Indian ..
Month: Current Affairs - May, 2015
Government makes PAN mandatory for central excise registration
Union Government has made Permanent Account Number (PAN) mandatory for private firms seeking central excise registration. As per the new rules, the PAN registration will now be given within two days of filing online applications to improve the ease in ..
Month: Current Affairs - May, 2015
Union Government and RBI sign agreement to keep inflation below 6%
Union Government and the Reserve Bank of India (RBI) have signed an agreement on Monetary Policy Framework in order to move towards the RBI Governor Raghuram Rajan’s view of inflation targeting. Presently, Union Government and RBI give inflation estimates and ..
Month: Current Affairs - March, 2015
Finance Ministry planning to double the Banks’ commission for DBT scheme from 1% to 2%
Finance Ministry is in the final stages of the course to double the commission to banks at 2% of the quantum of funds they transmit to individual beneficiaries under the government’s Direct Benefit Transfer (DBT) scheme. The current rate of ..