Ministry of Finance starts ‘Know Your Budget’ on Twitter to educate general public about budgetary process

The Union Ministry of Finance has started ‘Know Your Budget’ fortnight series on its Twitter handle to educate general public about the budgetary process. The series would explain the importance of Union Budget and its making, and would continue for ..

World Bank approves 6000 cr for Atal Bhujal Yojana (ABHY) of Government of India

The World Bank has approved Rs.6000 crore for Atal Bhujal Yojana (ABHY), a Central Sector Scheme of the Ministry of Water Resources, River Development and Ganga Rejuvenation. The scheme is to be implemented over a period of five years from ..

Budget on February 1 to help Kick-Start Projects earlier

The central government expects that its proposal to present the union budget on February 1 will kick start developmental projects from April 1 itself. The government has said that its decision to present the budget early would not get impacted ..

E-file returns compulsory if income exceeds Rs 10 Lakhs

People with income of Rs 10 Lakhs per annum will have to file their tax returns electronically beginning 2011-12 Financial year. The CBDT (Central Board of Direct Taxes) has issued a notification making e-filing compulsory for assessment year 2012-13 onwards ..

Month: Current Affairs - July, 2012

Union Budget 2010-11

India’s finance minister Pranab Mukherjee unveiled the Union Budget 2010-11 on Friday, February 26, 2010.Budget is not just a statement of Government accounts, but it reflects the Government’s vision and indicates the policy of the government, which decides the path ..

Month: Current Affairs - March, 2010

Category: Government Schemes Current Affairs

Current Affairs: Finance & Economy Current Affairs : July, 2009

July 6, 2009 : SLBC to formulate action plan for Banking facilities in Unbanked areasJuly 6, 2009: Govt. Provided Rs 186,000 crore stimulus to counter slowdownJuly 6, 2009: Funds for climate change strategyJuly 6, 2009: National River and Lake Conservation ..

Month: Current Affairs - July, 2009