Finance Minister announces Economic Stimulus Package 4.0

Published: November 12, 2020

On November 12, 2020, the Finance Minister Smt Nirmala Sitaraman announced the Economic Stimulus Package 4.0. Key Highlights Production Linked Incentive Scheme for 10 sectors. Rs 1.46 trillion to be provided. Rs 6,940 crore scheme to promote manufacture of API (Active Pharmaceutical Ingredients). Rs 18,000 crores allocated to Pradhan Mantri Awas Yojana (Urban). The implementation ..

Month: Current Affairs - November, 2020

Category: Economy & Banking Current Affairs • Government Schemes Current Affairs

Topics: Atma Nirbhar Bharat Abhiyan • Kisan Credit Card • nirmala sitaraman • PM Garib Kalyan Yojana • Pradhan Mantri Garib Kalyan Yojana

Rs 14,690 Crore disbursed under Emergency Credit Line Guarantee Scheme

Published: June 13, 2020

On June 12, 2020, the Ministry of Finance announced that the public sector banks have so far disbursed Rs 14,690 crores for the MSMEs under the Emergency Credit Line Guarantee Scheme (ECLGS). Highlights The credit line of ECLGS is the biggest component of the economic package announced by the Finance Minister under Atma Nirbhar Bharat ..

Month: Current Affairs - June, 2020

Category: Government Schemes Current Affairs

Topics: Atma Nirbhar Bharat Abhiyan • COVID-19 • Credit Enhancement Fund • MSME • Mudra Loans • nirmala sitaraman

GST Council meet

Published: June 12, 2020

On June 12, 2020, the Finance Minister Nirmala Sitaraman chaired the 40th GST Council Meet. Highlights The minister at the meet announced that no late fee will be charged from the taxpayers (small taxpayers) that had filed GST returns between July 2017 and January 2020. This is being done as there is lot of GST ..

Month: Current Affairs - June, 2020

Category: Economy & Banking Current Affairs

Topics: Central GST • CGST • GST • GST collection • GST Council • IGST • nirmala sitaraman

India to set up Coal Exchange

Published: June 9, 2020

India is to set up Coal Exchange trading platform soon. According to the proposal to set up the India Coal Exchange platform, the entire coal mined in the country is to be traded on a common platform called “Coal Exchange”. Why is Coal Exchange important? It is important to set up the trading platform as ..

Month: Current Affairs - June, 2020

Category: India Nation & States Current Affairs

Topics: Coal • Coal Auction • Coal Exchange • Coal Sector • imports • nirmala sitaraman

GoI: No New Schemes for a year

Published: June 6, 2020

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)

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