Pradhan Mantri Garib Kalyan Ann Yojana launched to fight COVID-19

On March 26, 2020, the Finance Minister Nirmala Sitaraman launched Pradhan Mantri Garib Kalyan Ann Yojana. The scheme is an economic help package for people in the country to fight against COVID-19 and its effects. Around 1.7 lakh crore has ..

Month: Current Affairs - March, 2020

Pradhan Mantri Garib Kalyan Yojana comes into effect

The Pradhan Mantri Garib Kalyan Yojana (PMGKY) notified along with other provisions of Taxation Laws (Second Amendment) Act, 2016 came into effect from 17 December 2016. It will remain open until March 31, 2017. PMGKY is Union Government’s second income ..

Month: Current Affairs - December, 2016

Income Tax Amendment Bill passed in Lok Sabha

Lok Sabha has passed the Taxation Laws (Second Amendment) Bill, 2016 in the Lok Sabha. The Bill was introduced as some of the existing provisions of the Income Tax Act, 1961 can possibly be misused for concealing black money. The ..