Union Finance Minister
GST Council Meeting-Highlights
47th GST Council Meeting was held in Chandigarh. In a two-day meeting GST Council recommended rate changes on certain items. These changes will be made effective from July 18, 2022. Recent Rate Changes GST on ink, lights, LED lamps and ..
Month: Current Affairs - July, 2022
Category: Economy & Banking Current Affairs
GoI facilitates filling of NIL GST Return through SMS
The Government of India has allowed taxpayers to fill their NIL GST monthly reurn form through SMS. This will improve ease of GST compliance to more than 22 lakh taxpayers. Highlights The facility of filing the NIL form through SMS ..
Month: Current Affairs - June, 2020
RBI Board recommends aligning of accounting year with fiscal year from 2020-21
The current accounting year of the Reserve Bank of India (RBI) is July-June. Recently, the Central Board of Directors of the RBI recommended to align the accounting year of RBI with the financial year of the government (April-March), from 2020-21. The ..
Prime Minister invites citizens to share ideas and suggestions for Union Budget
The Prime Minister of India, Narendra Modi on Wednesday, January 8, 2020, has asked all citizens of the country to share their ideas and suggestions for the Union Budget 2019-20 that is scheduled to be presented by the Finance Minister ..
Month: Current Affairs - January, 2020
Rs. 5,908 crore Additional Central Assistance to 7 States
The Centre has approved the release of funds amounting to Rs.5908 crores to 7 states. The High-Level Committee today was chaired by the Union Home Minister Amit Shah in New Delhi. Uttar Pradesh, Himachal Pradesh, Assam, Madhya Pradesh, Maharastra, and ..
Month: Current Affairs - January, 2020
Finance minister: MDR charges not applicable for RuPay and UPI from 2020
On December 28, 2019, Finance Minister Nirmala Sitaraman announced that Merchant Discount Rate (MDR) will not be applicable on bank transactions made through RuPay and UPI platforms. Highlights The Finance Ministry has directed the banks to start campaigns to popularize ..
UK returns ‘stolen’ 12th century Buddha statue 57 years later
Union Finance Minister Nirmala Sitharaman handed over antique 12th century Bronze Idol of Buddha that was stolen from Archaeological Survey of India’s (ASI) Nalanda site museum in 1961 to Union Minister of State for Culture & Tourism (IC) Prahlad Singh ..
Month: Current Affairs - September, 2019
PM announces Jal Jeevan Mission Scheme for households
Prime Minister Narendra Modi announced that the government will launch a Jal Jeevan Mission to bring piped water to households. The announcement was made dueing his 6th Independence Day (August 15) address from Red Fort. About Jal Jeevan Mission Concerned ..