union budget 2020-21

World’s largest museum of Harappan culture in Rakhigarhi

The world’s largest museum on Harappan culture is currently being set up in Rakhigarhi, Haryana. Key highlights The museum on Harappan culture in Rakhigarhi would showcase some 5,000-year-old artefacts belonging to the Indus Valley Civilization. This world class museum would ..

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Economic Survey 2021- Key Highlights

Union Finance Minister Nirmala Sitharaman tabled the Economic Survey 2020-21 in the Lok Sabha on January 29, 2021. Highlights The Economic Survey 2021 presented an estimation of the progress that the Indian economy has made in the last 12 months. ..

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Cabinet Clears Policy on PSU Privatization

The Union Cabinet has cleared the policy on the privatization of public sector undertakings (PSUs). The details regarding the policy will be announced in the upcoming Union Budget that will be presented on February 1, 2021. About the Policy The ..

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Indian Institute of Heritage

The Union Minister of Culture Shri Prahlad Singh Patel recently reviewed the proposal to set up Indian Institute of Heritage. About Indian Institute of Heritage Indian Institute of Heritage is a proposed institute under the Ministry of Culture. It was ..

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Deadline to payments under Vivad se Vishwas scheme extended

On October 27, 2020, the Government of India extended the deadline for making payment under the Vivad se Vishwas scheme. The deadline has been extended to March 31, 2021. The deadline is being extended for the third time under this ..

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First ‘Kisan Rail’ to ply between Maharashtra and Bihar

The Railways has decided to commence its ‘Kisan Rail’ services to transport perishable goods from August 07 onwards and the first train will be flagged off via video conferencing by the Union Minister of Agriculture and that of the Railways. ..

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Vivad Se Vishwas Scheme: Rs 888.09 crores saved by NMDC under the scheme

On April 1, 2020, the National Mineral Development Corporation operating under the Government of India announced that it has saved Rs 888.09 crores by adopting Vivad Se Vishwas Scheme. Highlights The Vivad Se Vishwas scheme was announced by the Finance ..

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Finance Bill, 2020 passed in Lok Sabha

On March 23, 2020, Finance Minister Nirmala Sitaraman introduced the Finance Bill, 2020. The bill was introduced and passed in Lok Sabha without any discussion. Key Features of the Bill The bill provides the financial proposals of the fiscal year ..

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Incentive Scheme for Large Scale Electronics Manufacturing approved by Cabinet

On March 21, 2020, the Union Cabinet under PM Modi approved the Production Incentive Scheme for large scale manufacturing of Electronics. The main aim of the incentivisation is to increase investments in mobile manufacturing. Benefits The scheme aims to create ..

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GoI notifies rules for Vivad Se Vishwas Scheme

On March 19, 2020, Govenrment of India has notified rules to avail full benefit of direct tax dispute resolution under the Vivad Se Vishwas Scheme. Highlights Currently, there are more than 400,000 cases that are eligible to avail the scheme. ..

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