Nirmala Sitharaman Current Affairs, GK & News

What is Ethereum 2.0?

The Ethereum is a crypto currency. Recently, it was launched in a faster, cheaper and more environmentally friendly platform, as the upgraded version called ‘Ethereum 2.0’. What is Ethereum? Ethereum is a decentralised and open source blockchain platform, which is a growing list of cryptographic blocks. Ether (ETH) is the cryptocurrency token of the Ethereum ..

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India attends first BRICS Finance Ministers and Central Bank Governors’ Meet

On November 10, 2020, India attended first BRICS Finance Ministers and Central Bank Governors’ meet. The Finance Minister Nirmala Sitaraman represented India at the meet. Key Highlights During the meet, the finance ministers observed that BRICS members have delivered significant initiatives in 2020 at G20 Action Plan in response to COVID-19. Also, the leaders highlighted ..

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Deadline to payments under Vivad se Vishwas scheme extended

On October 27, 2020, the Government of India extended the deadline for making payment under the Vivad se Vishwas scheme. The deadline has been extended to March 31, 2021. The deadline is being extended for the third time under this direct tax dispute settlement scheme. Key highlights In order to provide relief to the taxpayers ..

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GST Compensation: Rs 6,000 crores tranfered to 16 states

On October 23, 2020, the Government of India transferred Rs 6000 crores to 16 states and two union territories as the first tranche. The interest rate has been fixed at 5.19 %. Key highlights Over 21 states had opted for the borrowing scheme. And five other states did not have revenue shortfall to claim compensation. ..

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Finance Minister Nirmala Sitaraman chairs 43rd GST Council Meet

On October 12, 2020, the Finance Minister Nirmala Sitaraman chaired 43rd GST Council Meet. The council for the third time discussed the issue of revenue shortfall of states. Before the meet, the minister announced a slew of economic measures to boost consumer demand in the country. Key Highlights The meet ended without conclusions. Majority of ..

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