Nirmala Sitharaman

Incentive scheme for promotion of RuPay Debit Cards

January 12, 2023

The Indian government has recently approved an incentive scheme worth Rs 2,600 crore to promote Rupay debit card and low-value BHIM-UPI transactions in the current financial year. The decision was made during a meeting of the Cabinet Committee on Economic ..

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Key Facts on Oil Bonds

April 18, 2022

The government issues oil bonds to compensate the oil marketing companies (OMCs) to offset the losses that are suffered by them with the aim of shielding consumers from rising crude oil prices. These bonds were issued by the government mainly ..

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India Global Forum

March 7, 2022

India Global Forum’s (IGF) annual summit will bring together prominent faces of tech-driven disruption and those who have entered the unicorn club, as well as Union ministers, politicians, and global business executives. Overview: This event is taking place in Bengaluru ..

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Electronic Bill Processing System

March 2, 2022

Nirmala Sitharaman, Union Finance Minister, will launch the electronic bill (e-Bill) processing system under the Digital India eco-system and ease of doing business. Overview: This e-governance initiative was announced in the Budget 2022-23 by the Finance Minister. Across all departments ..

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25th Meeting of Financial Stability and Development Council

February 23, 2022

In the city of Mumbai, the Financial Stability and Development Council’s (FSDC) 25th meeting was held. This meeting was held under the chair of Finance Minister Nirmala Sitharaman. Overview: The council discussed the different mandates of the FSDC as well ..

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G20 Sustainable Financing Scheme

February 18, 2022

Central Bank Governors and G20 Finance Ministers are looking for a sustainable long-term international financial solution with the help of strengthening the global resilience in the event of future pandemics and closing gaps in health systems between countries. Overview The ..

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FM chairs 24th meeting of FSDC

September 3, 2021

Finance Minister, Nirmala Sitharaman, chaired the 24th meeting of Financial Stability and Development Council (FSDC) at Vigyan Bhavan, New Delhi. Financial Stability and Development Council (FSDC) FSDC is an apex-level body that was set by the government of India in ..

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FM launched ‘National Monetisation Pipeline’ scheme

August 24, 2021

Finance Minister, Nirmala Sitharaman, unveiled a four-year National Monetisation Pipeline (NMP) scheme on August 23, 2021. About NMP scheme Scheme was launched with a Rs 6 lakh crore unlock value in brownfield projects. It also engages the private sector. They ..

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‘Ubharte Sitaare Fund’ to be launched

August 20, 2021

Finance Minister Nirmala Sitharaman is set to launch an ambitious ‘Ubharte Sitaare Fund’ on August 21, 2021. It will be launched for export-oriented firms and startups. Key Points Ubharte Sitaare fund has been set up jointly by Exim Bank and ..

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Lok Sabha passes Factoring Amendment Bill

July 27, 2021

On 26th July, 2021 the Lok Sabha passed the Factoring Amendment Bill to amend the Factoring Regulation Act 2011. This bill will broaden the scope of the entities which can participate in the factoring business and also will ensure that ..

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