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 ..

Month: Current Affairs - May, 2020

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 ..

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 ..

Ajay Bhushan Pandey appointed as the new Finance Secretary of India

The Appointments Committee of the Cabinet has approved the appointment of the current Revenue Secretary Ajay Bhushan Pandey as the new Finance Secretary of India. Ajay Bhushan Pandey replaces current Finance Secretary Rajiv Kumar, who got superannuated last month. The ..

Debasish Panda appointed as Finance Secretary

Debasish Panda, who is currently serving as the Special secretary in the Department of financial services, Union Finance Ministry has been appointed as the new Finance secretary of the country. As per the Personnel Ministry order, the Appointments Committee of ..

NIFM to be renamed after Arun Jaitley

The Indian government has recently announced that it has decided to rename the National Institute of Financial Management (NIFM), Faridabad, as ‘Arun Jaitley National Institute of Financial Management’ (AJNIFM). NIFM, Faridabad was established in 1993 under the Department of Expenditure, ..