Page-2 of Union Budget
What are Sovereign Green Bonds?
During the Union Budget presentation, the Finance Minister Nirmala Sitaraman announced the issuance of “Green bonds”. These bonds are to be issued to mobilise green infrastructure resources. What are green bonds? Green bonds are debt instruments. The money collected by ..
Month: Current Affairs - February, 2022
Category: Economy & Banking Current Affairs
Union Budget 2022-23-Highlights
On February 1, 2022, the Union Finance Minister Nirmala Sitaraman presented the Union budget 2022-23. The budget focuses on macro economic growth, energy transition, promoting digital economy, climate action, tech enabled development, crowding in private investment. Here are the highlights ..
Month: Current Affairs - February, 2022
Category: Economy & Banking Current Affairs
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 ..
Month: Current Affairs - April, 2021
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 ..
Month: Current Affairs - May, 2020
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 ..
Month: Current Affairs - May, 2020
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 ..
Month: Current Affairs - May, 2020
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 ..
Month: Current Affairs - May, 2020
Task force on National Infrastructure Pipeline submits its report
On April 29, 2020, the task force on National Infrastructure Pipeline has submitted its final report to Finance Minister Nirmala Sitaraman. The report has been prepared for the year 2019-25. Highlights The summary of the report prepared by the task ..
Month: Current Affairs - April, 2020
COVID-19: Hike in Dearness Allowance for the year 2021 put on hold
The Government of India on April 23, 2020, put on hold to the hike in dearness allowance. This is being done by the union government to save Rs 1 lakh crore. Highlights The hold in the hike of dearness allowance ..
Month: Current Affairs - April, 2020
RBI and Finance Ministry to meet to decide on First Half Borrowing Plan
The Finance Ministry and the Reserve Bank of India is to hold a meeting on March 31, 2020 to discuss about the first half borrowing plan for the year 2020-21. For the first time in Indian history, the meeting is ..