Page-2 of nirmala sitaraman Current Affairs, GK & News

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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Finance Minister announces Economic Stimulus Package 4.0

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 ..

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

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 ..

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GST Council meet

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 ..

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India to set up Coal Exchange

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 ..

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