Page-5 of Ministry of Finance Current Affairs, GK & News
Banks sanction loans worth over Rs 1.5 lakh crore under ECLGS for MSME
The finance ministry declared, Public and Private Sector Banks have disbursed loans over Rs 1.5 lakh crore under the Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector. The top three lenders under the scheme are the State Bank of India, Canara Bank, and Punjab National Bank. What is the Emergency Credit Line Guarantee ..
Month: Current Affairs - August, 2020
Category: Economy & Banking Current Affairs - 2022 • Government Schemes Current Affairs • India Nation & States Current Affairs
Topics: Canara Bank • Emergency Credit Line Guarantee Scheme • Ministry of Finance • MSME sector • Punjab National Bank • State Bank of India
GoI: No New Schemes for a year
On June 5, 2020, the Government of India announced that no new schemes will be approved till March 31, 2021. Till then, the schemes under Pradhan Mantri Garib Kalyan Yojana and Atma Nirbhar Bharat Abhiyan are to be implemented. Highlights The Government of India will implement the schemes that were announced under Atma Nirbhar Bharat ..
Month: Current Affairs - June, 2020
Category: Government Schemes Current Affairs
Topics: Atma Nirbhar Bharat Abhiyan • Dearness allowance • Jal Jeevan mission • MGNREGA • Ministry of Finance • MSME • nirmala sitaraman • Pradhan Mantri Garib Kalyan Yojana • public distribution system (PDS)
Status Paper on Government Debt released
On May 22, 2020, the Ministry of Finance released Status Paper on Government Debt 2018-19. According to the report, the overall debt of centres and states declined by 68.7% in March 2018 to 68.6% in 2019. Highlights The Status Paper on Government Debt is being produced by the Ministry of Finance since 2010. Current debt ..
Month: Current Affairs - May, 2020
Category: Economy & Banking Current Affairs - 2022
Topics: Consolidated Fund of India • Debt • debt-to-GDP ratio • external debt • government liabilities • Ministry of Finance
Finance Ministry begins Annual Exercise
On May 12, 2020, the Ministry of Finance announced that the government departments and ministries will review guarantees issued against loans issued by various government entities. Highlights The exercise is done to make sure that the borrower is discharging the repayment obligations and interest obligations according to the loan agreement. The financial advisories of the ..
Month: Current Affairs - May, 2020
Category: India Nation & States Current Affairs
Topics: article 292 • Constitution • Financial Assistance • GDP • Government Securities • Ministry of Finance
International Monetary and Financial Committee
The Union Minister of Finance and Corporate Affairs attended the plenary meeting of IMFC through video-conferencing in light of the COVID-19 crisis. About IMFC The International Monetary and Finance Committee is a body under the IMF (International Monetary Fund). It is an advisory body without decision making powers but helps in providing strategic direction to ..
Topics: COVID-19 • International Monetary Fund (IMF) • Ministry of Finance
Union Cabinet approves RoDTEP
The Union Cabinet approved the Remission of Duties or Taxes on Export Products (RoDTEP). It is a scheme for exporters to reimburse taxes and duties paid, like value added tax, coal cess and electricity duties which are not exempted or refunded under existing mechanism. Last year, the RoDTEP scheme was announced by the Finance Minister ..
Topics: Government Schemes India • Ministry of Finance • Union Cabinet