nirmala sitaraman Current Affairs, GK & News

Union Budget 2021-2022- Summary

The 2021-22 Union Budget was presented amid the COVID-19 pandemic on February 1, 2021. Since the 2020 budget, the Indian economy have reduced from 2.24 lakh crore nominal GDP to Rs 1.94 lakh crore. This reduction in the size of the economy was due to the lower revenue growth and higher expenditure in the year ..

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Budget 2021: No change in Income Tax Slabs

The Union Finance Minister, Nirmala Sitharaman, have proposed no change in the Income Tax Slabs in the Union Budget 2021. The income tax structure has been kept as earlier. However, some relief have been announced for the senior citizens. It was announced that the senior citizens above the age of 75 years will exempted from ..

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Budget 2021: Rs 3.05 trillion Electricity Distribution Reform Programme announced

The Finance minister of India, Nirmala Sitharaman, announced a Rupees 3.05 trillion electricity distribution reform programme while presenting the Union Budget 2021. Highlights The electricity distribution programme will help in reducing the losses and improve the efficiency of electricity distribution companies (DISCOMs). A framework that allows a choice of electricity supplier to consumers was also ..

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Budget 2021: Voluntary Vehicle Scrappage Policy proposed

The Finance minister of India, Nirmala Sitharaman, have proposed for the “Voluntary Vehicle Scrappage Policy”. This proposal was made during the presentation of the Union Budget for Financial Year 2022. The voluntary vehicle scrappage policy will help to scrap out the unfit and pollution-causing vehicles. Highlights The new policy will help in encouraging the fuel-efficient and environment-friendly ..

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23rd Meeting of Financial Stability and Development Council

The Union Finance Minister Smt Nirmala Sitharaman recently chaired the 23rd meeting of the Financial Stability and Development Council. At the meet, the minister reviewed the financial stability issues, policy measures taken by the government of India. During the meet, the council took note of the activities undertaken by the FSDC Sub Committee chaired by ..

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