Nirmala Sitharaman Current Affairs, GK & News

Key Facts on Oil Bonds

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 from 2005 to 2010. Reasons for the issuance of oil bonds In lieu of cash, ..

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India Global Forum

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 on 7-8 March 2022. The IGF sessions are aimed to help young entrepreneurs create new ..

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Electronic Bill Processing System

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 and central ministries, the e- Bill system will be implemented. Implementing this system will help ..

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25th Meeting of Financial Stability and Development Council

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 as important macro-financial concerns that have arisen as a result of certain domestic and global ..

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G20 Sustainable Financing Scheme

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 G20 Financial leaders discussed this issue during the two days G20 Finance Ministers and Central ..

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FM chairs 24th meeting of FSDC

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 order to create a super regulatory body. Its establishment was first recommended by the Raghuram ..

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