Page-2 of Finance Minister
INR-USD Futures and Options Contracts launched by Finance Minister
On May 9, 2020, the Union Finance Minister Smt Nirmala Sitaraman launched the INR-USD Futures and Options contracts in the BSE and NSE platforms. They were launched at the GIFT International Financial Service Centre (IFSC) in Gandhinagar, Gujarat through video ..
Month: Current Affairs - May, 2020
Task force on National Infrastructure Pipeline submits its report
On April 29, 2020, the task force on National Infrastructure Pipeline has submitted its final report to Finance Minister Nirmala Sitaraman. The report has been prepared for the year 2019-25. Highlights The summary of the report prepared by the task ..
Month: Current Affairs - April, 2020
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 ..