Page-5 of Ministry of Finance Current Affairs, GK & News

Cabinet approves Partial Credit Guarantee Scheme

Union Cabinet approved the ‘Partial Credit Guarantee Scheme’ that allows public sector banks (PSBs) to purchase high-rated pooled assets from financially sound non-banking finance companies (NBFCs) and housing finance companies (HFCs). However, the amount of overall guarantee has been limited to first loss of up to 10% of fair value of assets (FAV) being purchased ..

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Ministry of Tourism identified 17 sites for development as Iconic Tourist Sites

The Union Minister of State(independent charge) for Culture and Tourism, Prahlad Singh Patel in a written reply to Lok Sabha on Tuesday, 10th December 2019 informed that the Government has identified some iconic world-class tourist stations in India to attract international and national tourists. 17 sites in 12 clusters from across the country have been ..

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Govt sanctions Rs.100cr to set up Women Help Desks in Police Stations

Union Home Ministry has sanctioned Rs.100 crore from Nirbhaya fund for setting up and strengthening of women help desks in police stations across country. The move came a fortnight after a young veterinarian was gang-raped and murdered near Hyderabad, leading to protests in different parts of country. Key Highlights The scheme would be implemented by ..

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PSBs disbursed Rs 4.91 lakh crore under the Customer Outreach Initiative in October and November 2019

In September 2019, the Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, announced the launched the Customer Outreach Initiative by the Public Sector Banks (PSBs) of India. The initiative aimed towards providing support to the needs of the economy by improving credit delivery or the credit outflow with a primary focus on NBFCs, MSMEs, ..

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Soma Roy Burman appointed new Controller General of Accounts 

Government has appointed Soma Roy Burman, as 24th Controller General of Accounts (CGA) of India with effect from 1 December 2019. With this appointment she has now become 7th woman to hold this position. About Soma Roy Burman She is a 1986-batch Indian Civil Accounts Service Officer (ICAS). During her 3 decade long career, she ..

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