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. ..

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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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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 ..

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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 ..

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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 ..

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