Finance Minister launched instant Aadhaar based E-KYC

On May 27, 2020, the Union Finance Minister Nirmala Sitaraman launched instant Aadhaar based E-KYC. Highlights The facility will be available for PAN applicants that possess valid Aadhaar number. They should also have a mobile number registered with Aadhaar. The ..

Month: Current Affairs - May, 2020

22nd Financial Stability and Development Council meeting chaired by Finance Minister

On May 28, 2020, the Union Finance Minister Nirmala Sitaraman chaired Financial Stability and Development Council meet. Highlights The meeting reviewed current domestic and global economic situation, financial vulnerabilities issues, liquidity of Micro financial institutions, Non-Banking Financial corporations, regulatory responses, ..

Month: Current Affairs - May, 2020

India attends New Development Bank Governors meet

On May 27, 2020, Finance Minister Nirmala Sitaraman attended the Special Board of Governors meet of New Development bank through video conference. Highlights The leaders that attended the meet elected the president, vice president of new development bank. The bank ..

Month: Current Affairs - May, 2020

GoI amends General Financial Rules

On May 21, 2020, the Government of India amended General Financial Rules to make sure the goods and services that are of value less than Rs 200 crores are procured from domestic firms. Highlights The GFR 2017 (General Financial Rules) ..

Month: Current Affairs - May, 2020

Gaganyaan Mission: ISRO to tap technologies of local start ups

The Indian Space Research Organization has identified 17 technologies at lower costs from Indian start ups to use in Gaganyaan mission. Highlights The technologies identified includes food and medicine for astronauts, life support systems, inflatable habitats, thermal protection technologies and ..

Month: Current Affairs - May, 2020

Fifth Tranche of Atma Nirbhar Bharat Abhiyan announced

On May 17, 2020, the Union Finance Minister Nirmala Sitaraman announced the fifth and final tranche of Atma Nirbhar Bharat Abhiyan. The scheme is to implement several measures to fight COVID-19 at an allocated budget of Rs 20 lakh crore ..

Month: Current Affairs - May, 2020

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

National Land Management Corporation recommended by National Infrastructure Pipeline Task Force

The Task Force on National Infrastructure Pipeline recently submitted its report to the Finance Minister Smt Nirmala Sitaraman. Under the report, the task force has recommended to set up National Land Management Corporation. Highlights The National Land Management Corporation will ..

Month: Current Affairs - May, 2020