Page-21 of Ministry of Finance Current Affairs, GK & News

Jawahar Thakur: New CGA

Jawahar Thakur appointed as the new CGA (Controller General of Accounts) with effect from July 1, 2012. He belongs to the 1979 Indian Civil Accounts Services batch. Before this he was the principal Chief Controller Of Accounts in Central Board of Direct Taxes (CBDT) which is a part of the Department of Revenue in the ..

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E-file returns compulsory if income exceeds Rs 10 Lakhs

People with income of Rs 10 Lakhs per annum will have to file their tax returns electronically beginning 2011-12 Financial year. The CBDT (Central Board of Direct Taxes) has issued a notification making e-filing compulsory for assessment year 2012-13 onwards for an individual or a Hindu undivided family if his or its total income exceeds ..

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Greece gets new Finance Minister ‘Yannis Stournaras’

Greece Prime Minister Antonis Samaras declared Greek economist Yannis Stournaras as the country’s new Finance Minister. He took the place of Vassilis Rapanos who had submitted resignation due to health reasons.  Stournaras, 55, is a cherished laissez-faire pro-reform economist who served as Development and Shipping Minister in the custodian government that led Greece to the ..

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Implications of 26% FDI in Pension Sector

Recently, the Cabinet has approved changes in the Pension Fund Regulatory and Development Authority (PFRDA) Bill, which will also pave the way for 26% foreign investment in pension fund management companies. What is PFRDA Bill? PFRDA was set up as a regulatory body for the pension sector, but the current PFRDA is the Interim PFRDA ..

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Why Two year Extension to Subbarao?

Recently, the PMO office has announced a two-year extension for Reserve Bank of India governor D Subbarao. We note that it’s Finance Ministry, which deals with the RBI Governor appointments, but this time PMO, makes a statement and the objective of this change in the tradition was to provide comfort to the market, which is ..

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