The Direct Tax Vivad Se Vishwas bill introduced in Lok Sabha by the Finance Minister

The Finance Minister Nirmala Sitaraman proposed the scheme Vivad Se Vishwas Scheme in the Union Budget 2020. In order to implement the scheme, the minister introduced a bill in Lok Sabha on February 5, 2020. The main objective of the ..

Month: Current Affairs - February, 2020

Budget 2020: 2.83 lakh Crore Rupees allocated to Agriculture and Rural Development

The Finance Minister Nirmala Sitaraman presented the Budget 2020-21 on February 1, 2020. The Minister has allocated Rs 2.83 lakh crore rupees for the agriculture and rural development sector. The Government aims to liberalize farm markets, remove distortions in livestock ..

Month: Current Affairs - February, 2020

Budget 2020-21 presented by Finance Minister: The Themes, GST Reforms

The Finance Minister Nirmala Sitaraman presented the Budget 2020-21 on February 1, 2020. The budget focused on enhancing purchasing power of citizens and boosting their incomes. It has also given importance to technology and innovation to increase employment of the ..

Month: Current Affairs - February, 2020

Report of Task Force on National Infrastructure Pipeline released

On December 31, 2019, Finance Minister Nirmala Sitharaman released a report of task force on National Infrastructure on Pipeline (NIP) 2019-2025. The task force was set up in order to draw up National Infrastructure Pipeline from fiscal year 2019-20 to ..

Month: Current Affairs - January, 2020

Nirmala Sitharaman 34th in Forbes 2019 World’s 100 Most Powerful Women List

The Union Finance Minister of India, Nirmala Sitharaman has been ranked 34th in the Forbes Top 100 Most Powerful Women in the World list. Nirmala Sitharaman also served as the Defence Minister of India from 3rd September 2017 to 30th ..

Finance Minister presents First Supplementary Demand of Grants

The Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman on Thursday, 28 November 2019 sought Parliament’s approval for capital infusion as a part of the first supplementary demand of grants for Rs 21,246.16 crore which will include: 1)About Rs, ..

Panel to revive GST Collections

The GST collection in September 2019, dropped sharply to a 19-month low. This reflects the widening slowdown of the economy. The tax collections were Rs 91,916 crore in September. This was 2.67% less as compared to September 2018. GST Collection ..

Month: Current Affairs - October, 2019

Panel to review regulations of cooperative banks

The Union Finance Minister on 10th October, 2019 announced that a high level committee will be formed to look into the regulations that govern multi state cooperative banks. RBI imposed banking restrictions on PMC bank in September. This has left ..

Month: Current Affairs - October, 2019

Short Note : Economic Survey of India

The Economic Survey of India will be tabled in the Parliament today by the Chief Economic Advisor to the Government of India, Krishnamurthy Subramanian. Dr. Subramanian is a former associate professor at the Indian School of Business and one of ..

G20 express concern over risks from intensified trade conflict

The G20 meeting of Finance Ministers and Central Bank governors has expressed concerns that trade and geopolitical tensions have intensified raising risks for improving global growth. The meet stopped short of calling for a resolution of a deepening U.S.-China trade ..