Tag: Ministry of Finance

Finance Ministry may increase numbers of Chief General Managers in Public Sector Banks says a report

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Finance Ministry may increase numbers of Chief General Managers in Public Sector Banks says a report

Public Sector Banks: The Central Government has started seriously considering increasing the post of Chief General Manager (CGM) in public sector banks. This proposal is being seriously considered in view of the increasing business and profit of public sector banks in the country. At present, in public sector banks there is one Chief General Manager for every 4 General Manager posts. These guidelines were issued in 2019. Now the government is realizing that this is inadequate in view of the increasing performance of the banks. It has become necessary to…

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The rates of medicines will change from April 1, some will become expensive, while this one will be available for free.

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The rates of medicines will change from April 1, some will become expensive, while this one will be available for free.

A new gift has been announced by the government for the public. Under the declaration, it has been told that the custom duty on medicines, medical goods as well as medicines and food items for personal use, brought from other countries for serious and rare diseases, will be completely abolished. This import duty will be applicable from 1st April. Also, the government has exempted basic customs duty on Pembrolizumab (Keytruda), used in the treatment of various types of cancer. Drugs/medicines generally attract a basic customs duty of 10 per cent,…

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Validity Of Electoral Bonds Scheme Supreme Court To Examine Constitution Bench No Transparency Election Commission ANN

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Validity Of Electoral Bonds Scheme Supreme Court To Examine Constitution Bench No Transparency Election Commission ANN

Challenging the Electoral Bond : The Supreme Court will hear the petitions challenging the electoral bonds in the third week of March. The petitioner has raised apprehensions of corruption in the system of electoral bonds created to give donations to political parties. However, the government has claimed that this has brought transparency in the process of political donations. What is electoral bond In 2017, the central government enacted the Electoral Bonds Act in the name of cleaning up the process of political donations. Under this, there is a provision to…

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EAC PM Member Sanyal On OPS Revival Said Unfunded Pension Schemes Are Attack On Future Generations

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EAC PM Member Sanyal On OPS Revival Said Unfunded Pension Schemes Are Attack On Future Generations

EAC-PM Member Sanjeev Sanyal on OPS: For the last few days, there is a lot of discussion on the old pension scheme in the country. Opposition governments are implementing the old pension scheme in their states. Sanjeev Sanyal, a member of the Prime Minister’s Economic Advisory Council (EAC to PM), has now expressed concern over this. He has described it as a big threat to the future generations. Speaking to PTI on Monday (December 26), Sanjeev Sanyal said, “Unfunded pension schemes ultimately harm future generations.” “Therefore, one must be very…

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Falling Commodity Prices And Kharif Crops Arrival Set To Dampen Inflationary Pressures Says Finance Ministry

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Falling Commodity Prices And Kharif Crops Arrival Set To Dampen Inflationary Pressures Says Finance Ministry

Indian Economy: Common people can get relief from inflation after the drop in commodity prices in the international market and the arrival of new Kharif crop in the market. The Department of Economic Affairs of the Ministry of Finance has released its Monthly Economic Review in which these things have been said. In this report of the Finance Ministry, it has been said that due to the decline in global growth, high inflation and deteriorating financial conditions, the risk of global recession has increased. impact on economic activityThe report of…

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