Union Budget Current Affairs, GK & News

Net Tax Collection exceeds revised estimates in FY21

In the fiscal year (2020-21) that ended on March 31, 2021, the corporate tax and income tax collected were Rs 9.45 lakh crores. About the Tax Collections The tax collections in the fiscal year 2021 exceeded the revised target by 5%. The tax collected in 2021 was 10% lower than the direct tax collected in ..

Month: 

Category: 

Topics: 

Finance Minister launched instant Aadhaar based E-KYC

On May 27, 2020, the Union Finance Minister Nirmala Sitaraman launched instant Aadhaar based E-KYC. Highlights The facility will be available for PAN applicants that possess valid Aadhaar number. They should also have a mobile number registered with Aadhaar. The process of allotting PAN is paperless and is also free of cost. Union Budget The ..

Month: 

Category: 

Topics: 

COVID-19: President Ram Nath Kovind to donate 30% of his salary for a year

The President Ram Nath Kovind recently announced that he is to donate 30% of his salary to aid the GoI in the fight against COVID-19. The Rashtrapti Bhavan will also follow set of restrictions under the instruction of the President to save money and aid the fight. This is being done to set an example ..

Month: 

Category: 

Topics: 

Amendments to Prime Minister Research Fellowship Scheme (PMRF)

The Union Ministry of Human Resource and Development recently announced various amendments to Prime Minister Research Fellowship Scheme. Highlights Under the scheme, a dedicated division called “Research and Innovation Division” was created to boost research. The division is to be headed by director who coordinates research work of several institutions under the Ministry of HRD. ..

Month: 

Category: 

Topics: 

New Agro MSME Policy to be implemented

The Government of India is to implement a new Agro MSME policy. The policy is to focus entrepreneurship in rural, tribal, forest and agricultural areas. Highlights The Union Minister Nitin Gadkari recently announced that the central government is working on agro MSME (Micro, Small and Medium Enterprise) policy. It aims to encourage manufacturing products with ..

Month: 

Category: 

Topics: 

1 / 41234