Union Ministry of Finance Current Affairs, GK & News

NPS Diwas

NPS Diwas was observed on October 1 by Pension Fund Regulatory and Development Authority (PFRDA). Key facts The National Pension System Diwas (NPS Diwas) was observed by the pension regulator to promote pension and retirement planning among Indian citizens and attain financial independence after retirement. The objective of the NPS Diwas campaign is to encourage ..

Month: 

Category: 

Topics: 

Damodaran Committee to boost PE/VC investments

The Union Finance Ministry recently set up an expert committee headed by former SEBI chief M. Damodaran to assess and recommend ways to solve regulatory issues to boost investments by private equity (PE) and venture capital (VC) in Indian startups. Key facts Other members of the Damodaran Committee are former member of SEBI and executive ..

Month: 

Category: 

Topics: 

Govt scraps import duty on open cell TV panel used to make TV sets

In a bid to boost domestic manufacturing, the Central government has removed 5% custom duty that was imposed on import of open cell TV panel. Open cell TV panel are used in manufacturing of television sets such as LED TVs. Key Highlights As per the notification issued by Union Ministry of Finance in this regard ..

Month: 

Category: 

Topics: 

Centre sets up Task Force for drawing up National Infrastructure Pipeline

Central government constituted a task force for drawing up a roadmap for ‘National Infrastructure Pipeline’ (NIP) of Rs.100 lakh crore from financial year 2019-20 to 2024-25. The Task Force is headed by Economic Affairs Secretary Atanu Chakraborty would cover greenfield and brownfield projects costing above `Rs.100 crore each. About Task Force Objective: To identify technically ..

Month: 

Topics: 

India to conduct 1st National Time Release Study for faster movement of Cargo

Department of Revenue, under Union Ministry of Finance, is conducting India’s 1st National Time Release Study (TRS) for enabling faster movement of cargo across borders to benefit traders. TRS is an internationally recognized tool advocated by Brussels based World Customs Organization (WCO) to measure efficiency and effectiveness of international trade flows. National Time Release Study ..

Month: 

Category: 

Topics: 

Girraj Prasad Gupta takes over as the Controller General of Accounts

Girraj Prasad Gupta took over as Controller General of Accounts (CGA), Department of Expenditure, Union Ministry of Finance with effect from 1 August 2019. He is 1983-batch Indian Civil Accounts Service (ICAS) Officer. He is highly credited for his work in development and implementation of Public Financial Management System (PFMS), a backbone IT infrastructure for ..

Month: 

Category: 

Topics: