Page-4 of Ministry of Finance
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 ..
Month: Current Affairs - May, 2021
Stand Up India Scheme: Over 81% account holders are women
The Ministry of Finance has launched several schemes in past seven years which comprise of several special provisions that empowers the women. One such scheme is “Stand-up India scheme” under which 81% of the account holders are women. All these ..
Month: Current Affairs - March, 2021
FinMin allows all Private Banks to Participate in Government Business
The finance ministry has allowed all the private sector banks to participate in business related to government such as small savings schemes and collection of taxes pension payments. Highlights Currently, only some of the big private sectors are allowed to ..
Month: Current Affairs - February, 2021
Andhra Pradesh: 2nd State to undertake Power Sector reforms
Andhra Pradesh has become the second State to implement the power sector reforms that was put forward by the Department of Expenditure, Ministry of Finance. Highlights The state has implemented the one of the three reforms that was bought in ..
Month: Current Affairs - February, 2021
Economic Survey 2021- Key Highlights
Union Finance Minister Nirmala Sitharaman tabled the Economic Survey 2020-21 in the Lok Sabha on January 29, 2021. Highlights The Economic Survey 2021 presented an estimation of the progress that the Indian economy has made in the last 12 months. ..
Month: Current Affairs - January, 2021
Rajasthan- 5th state to complete Urban Local Bodies Reforms
Rajasthan has become the 5th state in the country to successfully complete the Urban Local Bodies (ULBs) reforms. This was specified by the Department of Expenditure, Ministry of Finance. Benefits Rajasthan now become eligible for additional reform linked borrowing. Thus, ..