Page-2 of Ministry of Finance
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 - 2024
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 - 2024
Debasish Panda- New IRDAI Chief
Debasish Panda has been appointed as the new chairperson of the Insurance Regulatory and Development Authority of India (IRDAI) for a three-year term. Overview: Former Department of Financial Services (DFS) Secretary Debasish Panda, a retired IAS officer, has been appointed ..
Month: Current Affairs - March, 2022
Category: Awards, Honours & Persons in News • India Nation & States Current Affairs
National Land Monetization Corporation
On 9th March 2022, the Union Cabinet chaired by PM Modi has approved the setting up National Land Monetization Corporation (NLMC). About NLMC NLMC was first proposed in the Union Budget 2021-22 by Finance Minister Nirmala Sitharaman. NLMC will now ..
Month: Current Affairs - March, 2022
Category: Economy & Banking Current Affairs - 2024
India’s UPI Platform in Nepal
The first country to adopt India’s UPI system will be Nepal which will be critical in modernising the neighbouring country’s digital economy. Overview: To deliver the services in Nepal, NPCI International Payments Ltd (NIPL), NPCI’s international arm, has partnered with ..
Month: Current Affairs - February, 2022
Category: Economy & Banking Current Affairs - 2024
SEBI declares state-owned PEC as ‘not fit & proper’
For the first time, the Securities and Exchange Board of India (SEBI) has declared a government-owned company called “PEC Ltd” as ‘not fit & proper’. Highlights PEC Ltd is a 100 per cent government-owned company. It has been declared ‘as ..