Union Government set up Public Debt Management Cell

The Union Finance Ministry has set up a Public Debt Management Cell (PDMC) with the objective of deepening bond markets in the country. PDMC will streamline government borrowings and better cash management for deepening bond markets. Key Facts PDMC is ..

Month: Current Affairs - October, 2016

Union Government issues fresh guidelines for flexi-fund for CSS

The Union Finance Ministry has issued fresh flexi-fund guidelines for the Centrally Sponsored Schemes (CSS). These flexi-fund guidelines will give states more freedom in spending money under the CSS  to meet local developmental requirements. These guidelines were based on the ..

Month: Current Affairs - September, 2016

Union Government constitutes Committee to suggest steps to promote card payments

The Union Finance Ministry has constituted 11 members high-level committee to suggest steps to promote card payments with an aim to discourage cash transactions. The 11-member committee will be headed by Principle Adviser for social sector in NITI Aayog and ..

Month: Current Affairs - August, 2016

Union Government enhances Financial Powers of Ministries, Departments

The Union Government has decided to enhance financial powers of its Ministries, Departments for appraisal and approval of Non-Plan Schemes or Projects. In this regard, Union Finance Ministry has issued a notification in order to expedite appraisal and approval process ..

Month: Current Affairs - July, 2016

Union Government renames Department of Disinvestment as DIPAM

Union Government has renamed Department of Disinvestment as Department of Investment and Public Asset Management (DIPAM). In this regard, the Union Finance Ministry has issued notification. The renaming decision aims at proper management of Central government’s investments in equity and ..

Month: Current Affairs - April, 2016

Union Government launches Portal to collect Non-Tax Receipts

Union Government has launched has launched Non-Tax Receipt Portal (NTRP) to electronically collect non-tax receipts. It was launched by Union Finance minister Arun Jaitley as part of Union Government’s flagship Digital India campaign. Currently, non-tax revenues are collected by physical ..

Month: Current Affairs - February, 2016

7th Central Pay Commission submits report, proposes 23.55% salary hike

7th Central Pay Commission (CPC) headed by Justice AK Mathur has recommended 23.55 percent hike in pay and allowances of government employees. In this regard the commission has submitted its report to Union Finance Ministry in New Delhi and the ..

Month: Current Affairs - November, 2015

Union Government announces Special Assistance of Rs 1000 crore to Andhra Pradesh

Union Government has announced Special Assistance of 1000 crore rupees to the Andhra Pradesh Government for development projects during the financial year 2015-16. The funds from Special Assistance will be utilised for the development of backward districts of Andhra Pradesh ..

Month: Current Affairs - September, 2015

Finance Minister launches two funds for promoting MSMEs and Start-ups

On 18 August Finance Minister Arun Jaitley launched two funds the India Aspiration Fund (IAF) and SIDBI Make in India Loan for Enterprises (SMILE) under Small Industries Development Bank of India (SIDBI) in line to carter funding for start-ups and to aid ..

Month: Current Affairs - August, 2015