Page-2 of union budget 2020-21 Current Affairs, GK & News

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 Minister Nirmala Sitaraman during the Union Budget 2020-21. The scheme was introduced to generate timely ..

Month: 

Category: 

Topics: 

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 2020-21. With the bill being passes, the proposals made under the Union Budget 2020-21 has ..

Month: 

Category: 

Topics: 

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 more than 2 lakh jobs. The indirect employment opportunities are expected to be three times ..

Month: 

Category: 

Topics: 

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. This involves Rs 9.3 lakh crores. The scheme aims to settle disputes and aid in ..

Month: 

Category: 

Topics: 

Committee formed for the implementation of Kisan Rail Scheme

The Government of India recently formed a committee in order to make suggestions on Kisan Rail Scheme. The scheme was introduced by Finance Minister Nirmala Sitaraman in the Union Budget 2020-21. Highlights The Committee has been formed with representatives from Ministry of Agriculture and Ministry of Railways. The Committee will explore into the options of ..

Month: 

Category: 

Topics: