Page-3 of Union Budget 2021 Current Affairs, GK & News

Budget 2021: Compliance for one-person companies reduced

The Finance Minister of India, Nirmala Sitharaman, has announced in the Budget 2021 that the government have planned to reduce the compliances for one person companies (OPC). This would help in promotion of the entrepreneurship and innovation in India. Highlights The One Person Companies (OPC) are the companies that are having only one member and ..

Month: 

Topics: 

Budget 2021: Rs 3.05 trillion Electricity Distribution Reform Programme announced

The Finance minister of India, Nirmala Sitharaman, announced a Rupees 3.05 trillion electricity distribution reform programme while presenting the Union Budget 2021. Highlights The electricity distribution programme will help in reducing the losses and improve the efficiency of electricity distribution companies (DISCOMs). A framework that allows a choice of electricity supplier to consumers was also ..

Month: 

Category: 

Topics: 

Budget 2021: Voluntary Vehicle Scrappage Policy proposed

The Finance minister of India, Nirmala Sitharaman, have proposed for the “Voluntary Vehicle Scrappage Policy”. This proposal was made during the presentation of the Union Budget for Financial Year 2022. The voluntary vehicle scrappage policy will help to scrap out the unfit and pollution-causing vehicles. Highlights The new policy will help in encouraging the fuel-efficient and environment-friendly ..

Month: 

Category: 

Topics: 

What are Off-Budget Borrowings?

The Government of India is all set to present the Union Budget 2021 on February 1, 2021. This year, the focus of the budget will be on off-budget borrowings so as to reduce the Fiscal Deficit. What are off-budget borrowings? The loans that are taken by any public institution and not by the Centre directly ..

Month: 

Category: 

Topics: