On June 24, 2020, the Union Cabinet chaired by PM Modi approved to bring cooperative banks under the Reserve Bank of India. This is to be done through an ordinance. Highlights There are about 1,482 crores of urban cooperative banks. Apart from these, India also holds 58 multi-state cooperative banks. These banks together support 8.6 ..
Nirmala Sitharaman: GK, Current Affairs, Questions, Trivia and News
On June 22, 2020, the Uttar Pradesh Government announced that it will bring in an ordinance, “UP Fiscal Responsibility and Budget Management”, FRBM Ordinance, 2020. This is the second amendment being made to the act by the state government under CM Yogi Adityanath. Highlights By making the amendment, the Uttar Pradesh State Government will be ..
Union Finance Minister Nirmala Sitharaman recently announced various relief measures amid lock-down of the country due to coronavirus scare. As per the measures, the deadline for filing belated income tax return (ITR) for the financial year 2018-19 and for filing goods and services tax (GST) returns for March, April and May has been extended to ..
The Indian Civil Accounts Service (ICAS) is celebrating March 1 every year as the “Civil Accounts Day”. Recently, the 44th Civil Accounts Day function was hosted in New Delhi and was attended by the Union Minister Nirmala Sitharaman. The Finance Minister presented the ‘Civil Lekha Samman’ Awards to the Best Performing Accounts Offices and Best performing ..
The Prime Minister of India, Narendra Modi on Wednesday, January 8, 2020, has asked all citizens of the country to share their ideas and suggestions for the Union Budget 2019-20 that is scheduled to be presented by the Finance Minister of India, Nirmala Sitharaman on 1st February 2020. For submitting their ideas and suggestions, any ..
The Centre has approved the release of funds amounting to Rs.5908 crores to 7 states. The High-Level Committee today was chaired by the Union Home Minister Amit Shah in New Delhi. Uttar Pradesh, Himachal Pradesh, Assam, Madhya Pradesh, Maharastra, and Tripura are the states on the roll to receive the funds. The funds have been ..
The fifteenth Finance Commission headed by Retired IAS officer Nand Kishore Singh is about to commence its tenure of 5 years from 1st April 2020- 31st March 2025. The commission constituted on 27th November 2017 will recommend fiscal matters and tax devolution formula to the Central Government over its tenure. On Sunday, 23rd December 2019 ..
The Union Finance Minister of India, Nirmala Sitharaman has been ranked 34th in the Forbes Top 100 Most Powerful Women in the World list. Nirmala Sitharaman also served as the Defence Minister of India from 3rd September 2017 to 30th May 2019. Born in Madurai, Tamil Nadu, She became the first women full-time finance minister ..