Government launches Financial Inclusion Index

Union Minister of Finance and Corporate Affairs Arun Jaitley launched Financial Inclusion Index in New Delhi. It was launched after his Annual Performance Review Meeting with CEOs of Public Sector Banks (PSBs). Financial Inclusion Index (FII) The annual FII will ..

Month: Current Affairs - September, 2018

Finance Ministry launches web portal to grant loans to MSMEs within hour

Union Finance Minister Arun Jaitley launched portal www.psbloansin59minutes.com to enable micro, small and medium enterprises (MSMEs) to get in-principle approval of loans within hour without need for branch visit. The web portal will enable in principle approval for MSME loans ..

Month: Current Affairs - September, 2018

Injeti Srinivas heads committee on review of penal provisions of Company Act 2013

The committee, chaired by Corporate Affairs Secretary Injeti Srinivas, has recently submitted final report on review of penal provisions of Company Act 2013 to the Union Minister for Finance & Corporate Affairs, Arun Jaitley. The Committee recommended that the existing ..

Rajyavardhan Rathore takes charge as new Minister of Information and Broadcasting (I&B)

In a Cabinet reshuffle, Col Rajyavardhan Rathore has taken charge as the new Union Minister of Information and Broadcasting (I&B) on May 15, 2018. He replaced Smriti Irani. Mrs Irani will now only hold the portfolio of Minister of Textiles. ..

GST Council approves converting GSTN into government owned entity

The 27th meeting of GST Council chaired by Finance Minister Arun Jaitley has approved proposal of convert GST Network (GSTN) into government entity from current private entity status by taking over stakes held by private entities. The council has agreed ..

Month: Current Affairs - May, 2018

New Delhi hosts 5th edition of South Asia Region Public Procurement Conference

The 5th edition of the South Asia Region Public Procurement Conference (SARPPC-2018) was inaugurated by Arun Jaitley, the Union Minister of Finance and Corporate Affairs, in New Delhi on February 5, 2018. The theme of the conference is “Public Procurement ..

Highlights Budget 2018-19

Union Finance minister Arun Jaitley presented Union Budget 2018 in Parliament. It is last full budget of Narendra Modi Government before 2019 Lok Sabha elections. Economic Health Economy firmly on course to achieve high growth of 8%. GDP growth at ..

Month: Current Affairs - February, 2018

Economic Survey of India predictes India’s growth to 7.5%

The Economic Survey 2017-18 has tabled by Union Finance Minister Arun Jaitley in Parliament on January 29, 2018. The survey has predicted 7 to 7.5% of India’s GDP growth in FY 2018-19. It says that a series of major reforms ..