Page-3 of nirmala sitaraman
Rs 14,690 Crore disbursed under Emergency Credit Line Guarantee Scheme
On June 12, 2020, the Ministry of Finance announced that the public sector banks have so far disbursed Rs 14,690 crores for the MSMEs under the Emergency Credit Line Guarantee Scheme (ECLGS). Highlights The credit line of ECLGS is the ..
Month: Current Affairs - June, 2020
GST Council meet
On June 12, 2020, the Finance Minister Nirmala Sitaraman chaired the 40th GST Council Meet. Highlights The minister at the meet announced that no late fee will be charged from the taxpayers (small taxpayers) that had filed GST returns between ..
Month: Current Affairs - June, 2020
India to set up Coal Exchange
India is to set up Coal Exchange trading platform soon. According to the proposal to set up the India Coal Exchange platform, the entire coal mined in the country is to be traded on a common platform called “Coal Exchange”. ..
Month: Current Affairs - June, 2020
GoI: No New Schemes for a year
On June 5, 2020, the Government of India announced that no new schemes will be approved till March 31, 2021. Till then, the schemes under Pradhan Mantri Garib Kalyan Yojana and Atma Nirbhar Bharat Abhiyan are to be implemented. Highlights ..
Month: Current Affairs - June, 2020
Union Cabinet approves farmer friendly Essential Commodities Act
On June 3, 2020, the Union Cabinet chaired by PM Modi has made historic amendments to Essential Commodities Act. Under the amendment, the regulatory environment has been liberalized for farmers. The Farmers Agreement on Price Assurance and Farm Services Ordinance, ..
Month: Current Affairs - June, 2020
Loans worth Rs 3,200 crores sanctioned under Atma Nirbhar Bharat Abhiyan
On June 2, 2020, the Public Sector Banks sanctioned collateral free loans that were worth Rs 200 crores. The complete Rs 200 crore sanction was done in a single day. Highlights The PSBs are set to sanction Rs 3,200 crores ..
Month: Current Affairs - June, 2020
Union Cabinet approves change of definition of MSMEs
On June 1, 2020, the Union Cabinet approved the changes made to the definition of MSMEs. The Finance Minister Nirmala Sitaraman had announced about the changes being made to MSMEs while she announced the economic package allocated to Atma Nirbhar ..
Month: Current Affairs - June, 2020
GoI launches PM SVANidhi scheme
On June 1, 2020, Government of India launched the Pradhan Mantri SVANidhi Scheme for street vendors. The Union cabinet has cleared the credit amount for the scheme as well Highlights The PM SVANidhi or PM Street Vendors Atmanirbhar Nidhi is ..
Month: Current Affairs - June, 2020