Page-2 of Union Ministry of Finance
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 ..
Month: Current Affairs - August, 2019
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 ..
Month: Current Affairs - August, 2019
Key Highlights of Union Budget 2019-20 (Part 2)
TAXES Direct Taxes Performance: India’s Ease of Doing Business (EDB) ranking under ‘Paying Taxes’ category jumped from 172 in 2017 to 121 in 2019. In past 5 years, Direct tax revenue increased by over 78% to Rs. 11.37 lakh crore ..
Month: Current Affairs - July, 2019
11th tranche of Electoral Bonds sale to start from July 1
Union Ministry of Finance recently announced the launch of 11th tranche of electoral bonds sale starting from 1-10 July. This is 1st issuance of electoral bonds after conclusion of 17th general elections and formation of new government. What are Electoral ..
Month: Current Affairs - June, 2019
Bimal Jalan led panel defers report on RBI surplus funds
The Reserve Bank of India (RBI) committee led by Bimal Jalan (former RBI governor) constituted for considering guidelines for transfer of central bank’s surplus funds to government delayed submitting its report after lack of consensus among its members. The panel ..
Month: Current Affairs - June, 2019
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 ..