The Union finance ministry has circulated the draft scheme for a one-time settlement of contractual disputes—called Vivad se Vishwas 2—for stakeholder consultation. Key points
Category: Economy
CBDT revises norms for processing of equalisation levy
The Central Board of Direct Taxes (CBDT) has introduced fresh norms for filing of statements for equalisation levy by companies. Fresh norms About Equalisation levy
Structured product derivatives (SPDs)
An initial probe by government agencies has revealed that the bear cartel targeted Adani companies through the use of structured product derivatives (SPDs), reported Businessline. Key points
QR Code-based Coin Vending Machine (QCVM)
RBI has announced that QR Code-based Coin Vending Machine (QCVM) will be launched in collaboration with a few leading banks to improve the distribution of coins. The pilot project will roll out in 19 locations in 12 cities across the Read More …
SEBI introduces ‘blue’ and ‘yellow’ bonds as new modes of sustainable finance
Securities and Exchange Board of India (SEBI) strengthened the framework for green bonds by introducing the concept of ‘blue’ and ‘yellow’ bonds as new modes of sustainable finance. Key points Green Debt Securities
Indian Railways to run 35 Hydrogen trains under “Hydrogen for Heritage”
Indian Railways (IR) has envisaged to run 35 (thirty five) Hydrogen trains under “Hydrogen for Heritage” at an estimated cost of ₹ 80 crores per train and ground infrastructure of ₹ 70 crores per route on various heritage/hill routes.
Paris Club likely to provide financial assurances to IMF on Sri Lanka debt
As per the media reports, the Paris Club will provide financial assurances to the International Monetary Fund on Sri Lanka’s debt. About Paris Club
Central Repository of Information on Large Credits (CRILC)
The Reserve Bank of India (RBI) said on February 3 that the banking sector remains resilient and stable. Central Repository of Information on Large Credits (CRILC)
PACS to provide services offered by Common Service Centres
On 2nd February 2023, a Memorandum of Understanding (MoU) was signed to enable Primary Agricultural Credit Societies (PACS) to provide services offered by Common Service Centers. Key points About PACS
Mahila Samman Savings Certificate
During her Budget 2023-24 speech, Union Finance Minister Nirmala Sitharaman said that the government, will launch a one-time new small savings scheme, Mahila Samman Savings Certificate. Key features of Mahila Samman Savings Certificate Senior Citizen Savings Scheme
Indian Institute of Millet Research Hyderabad will be supported as the Centre of Excellence for Shree Anna
Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman presented the Union Budget 2023-24 in Parliament on February 1.
Amrit Dharohar scheme
In the Union Budget 2023-24, the Union Finance Minister announced the Amrit Dharohar scheme.
MISHTI scheme
In the Union Budget 2023-24, the Union Finance Minister announced the MISHTI scheme. GOBARdhan scheme
PM PRANAM scheme
In the Union Budget 2023-24, the Union Finance Minister announced the PM PRANAM scheme, which translates to ‘Pradhan Mantri Programme for Restoration, Awareness, Nourishment and Amelioration of Mother Earth’. It was launched to incentivise states and Union territories to promote Read More …