Page-3 of Nirmala Sitharaman Current Affairs, GK & News
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. ..
Month: Current Affairs - October, 2020
Category: Economy & Banking Current Affairs
Topics: GST • GST collection • GST Council • GST council meet • GST revenue collection • GST shortfall • Nirmala Sitharaman
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 ..
Month: Current Affairs - October, 2020
Category: Economy & Banking Current Affairs
Topics: compensation cess • GST collection • GST Council • Nirmala Sitharaman
Finance Minister announces Festival Advance scheme, LTC Cash Voucher Scheme
On October 12, 2020, the Finance Minister Nirmala Sitaraman Announced the Special Festival Advance Scheme and LTC Cash Voucher Scheme. The schemes were launched to boost the demand in the country. In all, the GoI has allocated Rs 73,000 crores to simulate consumer spending in order to increase demand in the country. Special Festival Advance ..
Month: Current Affairs - October, 2020
Category: Economy & Banking Current Affairs
Topics: ATM • Capital Expenditure • Demand and Supply • Expenditure • Nirmala Sitharaman • rupay card • Ways and Means Advances
42nd GST Council Meet held
On October 5, 2020, Finance Minister Smt Nirmala Sitaraman chaired the 42nd GST Council Meet. Key Highlights The GST Council could not finalize borrowing plans of states to meet the compensation short fall after eight hours of meet. 18% of GST over launch satellite launches exempted. The Indian firms earlier had to pay 18% GST ..
Month: Current Affairs - October, 2020
Category: Economy & Banking Current Affairs
Topics: Cess • GST collection • GST Council • GST revenue collection • Nirmala Sitharaman
Finance Minister Nirmala Sitharaman attends 3rd G20 Finance Minister and Central Bank Governors Meeting
The Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman, participated in the 3rd G20 Finance Ministers and Central Bank Governors meeting under the Presidency of Saudi Arabia, through video conferencing, in order to deliberate on issues pertaining to the global economic outlook and G20 Finance Track priorities for the year 2020. On 15th April ..
Month: Current Affairs - July, 2020
Category: International Current Affairs
Topics: G20 • G20 Action Plan • G20 Finance Ministers and Central Bank Governors • Nirmala Sitharaman