Page-2 of Finance Minister
Finance Minister on COVID-19: Tax Filings extended, ATM, bank charges waived off, Business Rules Eased and much more
On March 24, 2020, the Finance Minister Nirmala Sitaraman announced several key measures in the view of Corona Virus Pandemic. The minister also announced that the Economic Task Force is to announce Economic Relief Package to contain the spread of ..
Month: Current Affairs - March, 2020
Finance Bill, 2020 passed in Lok Sabha
On March 23, 2020, Finance Minister Nirmala Sitaraman introduced the Finance Bill, 2020. The bill was introduced and passed in Lok Sabha without any discussion. Key Features of the Bill The bill provides the financial proposals of the fiscal year ..
Month: Current Affairs - March, 2020
GoI notifies rules for Vivad Se Vishwas Scheme
On March 19, 2020, Govenrment of India has notified rules to avail full benefit of direct tax dispute resolution under the Vivad Se Vishwas Scheme. Highlights Currently, there are more than 400,000 cases that are eligible to avail the scheme. ..
Month: Current Affairs - March, 2020
PM Modi addresses the Nation: Introduces “People’s Curfew”, Economic Response Task Force to fight Corona Virus
On March 19, 2020, Prime Minister Narendra Modi addressed the nation on combating Corona Virus. The PM introduced People’s Curfew during his speech. He also said that Economic Task Force is to be implemented under the Finance Minister. Highlights PM ..
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
Finance Minister introduces bill to amend Banking Regulation Act
On March 3, 2020, Finance Minister Nirmala Sitaraman introduced bill in Parliament to amend banking regulation law to regulate cooperative banks. It aims to prevent frauds as that seen at Punjab and Maharashtra Cooperative Banks (PMC). Highlights The Banking Regulation ..
Month: Current Affairs - March, 2020
124th birth anniversary of Morarji Desai observed on February 29, 2020
Former Indian Prime Minister Morarji Desai, who was also the Finance Minister of India, has presented 10 Union budgets, which is the highest as of 2020. P Chidambaram and Pranab Mukherjee have presented 9 and 8 budgets respectively. Recently, the ..
GoI to increase reach of banking in the North-East Tea Garden areas
On February 27, 2020, the Finance Minister Nirmala Sitaraman announced that the banking in the North East Region is to be increased. Highlights The minister in a meeting with economists, trade and industry representatives and policy experts announced that the ..
Month: Current Affairs - February, 2020
EASE 3.0 launched by the Finance Minister to enhance Ease of Banking
On February 26, 2020, the Finance Minister Nirmala Sitaraman launched Enhanced Access and Service Excellence (EASE 3.0). It was launched along with the annual report of EASE 2.0 at a function organized by Indian Banks’ Association. Highlights The main aim ..
Month: Current Affairs - February, 2020
National Institutes renamed after late Union Ministers Sushma, Arun Jaitley and Manohar Parrikar
The Government of India has been renaming the national institutes after late ministers. The leaders passed away in 2019 due to health issues. They were Manohar Parrikar, Arun Jaitley and Sushma Swaraj. Objective of renaming The renaming is being done ..