Union Ministry of Finance Current Affairs - 2019

Category Wise PDF Compilations available at This Link

India to conduct 1st National Time Release Study for faster movement of Cargo

Department of Revenue, under Union Ministry of Finance, is conducting India’s 1st National Time Release Study (TRS) for enabling faster movement of cargo across borders to benefit traders. TRS is an internationally recognized tool advocated by Brussels based World Customs Organization (WCO) to measure efficiency and effectiveness of international trade flows. National Time Release Study Read More…

Month:  Categories: Business, Economy & Banking

Tags:

Girraj Prasad Gupta takes over as the Controller General of Accounts

Girraj Prasad Gupta took over as Controller General of Accounts (CGA), Department of Expenditure, Union Ministry of Finance with effect from 1 August 2019. He is 1983-batch Indian Civil Accounts Service (ICAS) Officer. He is highly credited for his work in development and implementation of Public Financial Management System (PFMS), a backbone IT infrastructure for Read More…

Month:  Categories: Persons in News

Tags:

Key Highlights of Union Budget 2019-20 (Part 2)

TAXES Direct Taxes Performance: India’s Ease of Doing Business (EDB) ranking under ‘Paying Taxes’ category jumped from 172 in 2017 to 121 in 2019. In past 5 years, Direct tax revenue increased by over 78% to Rs. 11.37 lakh crore Tax Slabs: For companies with annual turnover of up to Rs.400 crore, Tax rate reduced Read More…

Month:  Categories: Business, Economy & Banking

Tags:

11th tranche of Electoral Bonds sale to start from July 1

Union Ministry of Finance recently announced the launch of 11th tranche of electoral bonds sale starting from 1-10 July. This is 1st issuance of electoral bonds after conclusion of 17th general elections and formation of new government. What are Electoral Bonds? Electoral bonds are being pitched as an alternative to cash donations made to political Read More…

Month:  Categories: Government Schemes & Projects

Tags:

Bimal Jalan led panel defers report on RBI surplus funds

The Reserve Bank of India (RBI) committee led by Bimal Jalan (former RBI governor) constituted for considering guidelines for transfer of central bank’s surplus funds to government delayed submitting its report after lack of consensus among its members. The panel was originally supposed to submit its report in April 2019. Background The RBI committee was Read More…

Month:  Categories: Business, Economy & Banking

Tags:

Know Your Budget Series

The Union Finance Ministry has started the Know Your Budget series on Twitter to educate the general public about the budgetary process. It is a fortnight series which explains the importance of Union Budget and its making. With the government set to present the interim Budget for 2019-20, the Know Your Budget series of the Finance Read More…

Month:  Categories: Government Schemes & Projects

Tags:

Union Government imposes Anti-dumping duty on graphite electrodes imports

Union Ministry of Finance has imposed an anti-dumping duty on imports of graphite electrodes used in steel plants for five years. The imposed duty ranges between $278.19 and $922.03 per tonne. The decision was taken following the recommendations of the Directorate General of Anti-Dumping Duty (DGAD). Earlier, DGAD had initiated and conducted investigation into dumping, Read More…

Month:  Categories: Business, Economy & Banking

Tags: