Page-3 of Union Budget
Budget Allocation to fight Corona: Odisha, Tamil Nadu allocated funds
The US Government recently allocated 100 billion USD to fight Corona Virus. Following the US, UK had announced 400 billion USD to be allocated for Corona Virus. Ranked the fifth largest economy in the world with a GDP of 2.94 ..
Month: Current Affairs - March, 2020
Parliament passed Direct Tax Vivad Se Viswas Bill, 2020
On March 14, 2020, Parliament passed the Direct Tax Vivad Se Viswas Bill, 2020. The bill aims to reduce the number of litigation that are associated with direct tax payments. The Direct Tax Vivad Se Viswas concept was introduced by ..
Month: Current Affairs - March, 2020
DPIIT notifies 100% Foreign Direct Investment in Insurance Intermediaries
The Department for Promotion of Industry and Internal Trade (DPIIT) operating under Ministry of Commerce and Trade has amended the FDI (Foreign Direct Policy) to allow 100% foreign investment for insurance intermediaries. This includes insurance companies, third party administrators, insurance ..
Month: Current Affairs - February, 2020
National Organic Food Festival inaugurated in New Delhi
Ministry of Food Processing and Ministry of Women and Child Development jointly inaugurated the National Organic Food Festival in New Delhi. The festival aimed at strengthening organic food produce in the country. It also aimed at encouraging women entrepreneurs in ..
Month: Current Affairs - February, 2020
Fourth Anniversary of Shyama Prasad Mukherji Rurban Mission celebrated
The Fourth Anniversary of Shyama Mukherji Rurban Mission is being celebrated all over India on February 21, 2020. It was launched on February 21, 2016. The mission aims at stimulating local economic development and create well planned Rurban Regions Highlights ..
Month: Current Affairs - February, 2020
The Direct Tax Vivad Se Vishwas bill introduced in Lok Sabha by the Finance Minister
The Finance Minister Nirmala Sitaraman proposed the scheme Vivad Se Vishwas Scheme in the Union Budget 2020. In order to implement the scheme, the minister introduced a bill in Lok Sabha on February 5, 2020. The main objective of the ..
Month: Current Affairs - February, 2020
Budget 2020: Governance
In order to achieve minimum government and maximum governance, the Budget 2020-21 has allocated funds for the following Tax Payer Charter introduced The Budget allocated funds to institutionalize a Tax Payer Charter. This is to ensure fairness and avoid harassments ..
Month: Current Affairs - February, 2020
Budget 2020: Economic Development-Commerce, Industries and Infrastructure
The Union Budget 2020 was presented by the Finance Minister Shrimati Nirmala Sitaraman. The budget was presented under three themes namely Aspirational India, Economic Development and Care Giving. The Economic Development includes industries, commerce and manufacturing. The Finance Minster referred ..
Month: Current Affairs - February, 2020
Know Your Budget Series
The Union Finance Ministry has started the Know Your Budget series on Twitter to educate the general public about the budgetary process. It is a fortnight series which explains the importance of Union Budget and its making. With the government set ..