Ministry of Finance Current Affairs - 2019

Category Wise PDF Compilations available at This Link

CEA Krishnamurthy Subramanian appointed part-time member in IBBI

Krishnamurthy Subramanian, Chief Economic Adviser (CEA) and B. Sriram, former managing director (MD) and chief executive officer (CEO) of Industrial Development Bank of India (IDBI Bank) were appointed part-time members of Insolvency and Bankruptcy Board of India (IBBI). K Subramanian, an Indian School of Business (ISB) Hyderabad professor was appointed chief economic adviser for a Read More…

Month:  Categories: Business, Economy & BankingPersons in News

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Government implements Project ‘SPARROW-CBIC’ for online writing of APAR

Government of India has now implemented Project ‘SPARROW-CBIC’ for online writing of Annual Performance Appraisal Report (APAR) in SPARROW, for over 46,000 Group ‘B’ and Group ‘C’ Officers of Central Board of Indirect Taxes & Customs (CBIC) working in its various formations all across India. The term SPARROW stands for ‘Smart Performance Appraisal Report Recording Read More…

Month:  Categories: Government Schemes & Projects

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CBIC organises meeting of WCO’s Asia Pacific Region

Central Board of Indirect Taxes and Customs (CBIC), under Ministry of Finance is organising a meeting of Regional Heads of Customs Administration of Asia Pacific Region of World Customs Organisation (WCO) in Kochi (in Kerela) from 8th to 10th May, 2019. As India currently holds seat of Vice Chairperson of Asia Pacific region (assumed on Read More…

Month:  Categories: International

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Departments to Conduct Review of Govt Guarantees

The Ministry of Finance has asked all the departments to undertake a review of government guarantees given by respective ministries to their Central Public Sector Enterprises (CPSEs) or entities. Review of Government Guarantees The review will look into aspects like whether the discharge of repayment obligations or interest obligations as per terms of the loan Read More…

Month:  Categories: Business, Economy & Banking

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Income tax exemption limit on gratuity doubled to Rs 20 lakh

The government has increased the tax-free gratuity income limit to Rs 20 lakh. This move will benefit the public as well as private sector employees. What is Gratuity? Gratuity is the monetary benefit provided by the employer to his/her employee for the services rendered by him during the period of employment. A minimum of five Read More…

Month:  Categories: Business, Economy & Banking

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CBIC sets up Working Groups to Facilitate Exports, Curb Tax Evasion

The Central Board of Indirect Taxes and Customs (CBIC) has constituted three working groups to suggest ways to facilitate exports, especially through e-commerce, and improve compliance by way of curbing tax evasion. The Working Groups would study and recommend measures to facilitate trade, promote exports and improve compliance. Mandate of Working Groups Export promotion and facilitation Read More…

Month:  Categories: Business, Economy & Banking

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Akhilesh Ranjan appointed as Convenor of Task Force drafting New Direct Tax Legislation

Union Finance Ministry has appointed Akhilesh Ranjan, Central Board of Direct Taxes (CBDT) member as Convenor of Task Force that is drafting New Direct Tax Legislation (Law). He will replace Arbind Modi who retired in September 2018. The other members (composition) of the Task Force remain unchanged. Akhilesh Ranjan is presently serving as Member (Legislation) Read More…

Month:  Categories: Persons in News

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