Page-4 of Nirmala Sitharaman

Finance Minister announces Festival Advance scheme, LTC Cash Voucher Scheme

October 12, 2020

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 ..

Month: 

42nd GST Council Meet held

October 5, 2020

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 ..

Month: 

Finance Minister Nirmala Sitharaman attends 3rd G20 Finance Minister and Central Bank Governors Meeting

July 18, 2020

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 ..

Month: 

Cooperative Banks brought under RBI

June 25, 2020

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. ..

Month: 

Uttar Pradesh: FRBM Ordinance, 2020

June 22, 2020

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 ..

Month: 

Finance Minister announces relief measures amid lockdown

March 25, 2020

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 ..