Finance Minister Smt. Nirmala Sitharaman launches EASE 5.0 ‘Common reforms agenda’ for PSBs

EASE 5.0 ‘Common reforms agenda’ of EASENext program has been developed for Public Sector Banks and was launched through video-conferencing by the Minister of Finance and Corporate Affairs, Nirmala Sitharaman in New Delhi on Wednesday.

Finance Minister Smt Nirmala Sitharaman launches EASE 5.0 ‘Common reforms agenda’ for Public Sector Banks

Enhanced Access and Service Excellence-EASE on Wednesday has evolved over four annual editions from FY19 to FY22 and has catalyzed reforms in diverse areas in Public Sector Banks.
EASE 5.0 ‘Common reforms agenda’ of EASENext program has been developed for Public Sector Banks and was launched through video-conferencing by the Minister of Finance and Corporate Affairs, Nirmala Sitharaman in New Delhi on Wednesday.
The event was attended virtually by Managing Directors and CEOs, and other senior executives of Public Sector Banks.

PM inaugurates iconic week celebrations of Ministry of Finance and Ministry of Corporate affairs

Prime Minister Shri Narendra Modi inaugurated iconic week celebrations of the Ministry of Finance and Ministry of Corporate Affairs today.This week is being celebrated as part of the ‘Azadi Ka Amrit Mahotsav’ (AKAM) from 6th to 11th June 2022. He also launched the National Portal for Credit Linked Government schemes – Jan Samarth Portal. He also inaugurated a Digital Exhibition which traces the journey of the two Ministries over the past eight years. The Prime Minister also released a special series of ₹1, ₹2, ₹5, ₹10 and ₹20 coins. These special series of coins will have the theme of the logo of AKAM and will also be easily identifiable to visually impaired persons.

HIGHLIGHTS OF THE UNION BUDGET 2022-23

The Union Budget seeks to complement macro-economic level growth with a focus on micro-economic level all inclusive welfare. The Union Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman tabled the Union Budget 2022-23 in Parliament today. The key highlights of the budget are as follows: HIGHLIGHTS OF THE UNION BUDGET 2022-23  

Union Budget 2022-23 – Key Highlights and Impact on various sectors

FM Nirmala Sitharaman presented Union Budget 2022 in Parliament. While keeping the Income Tax Slabs unchanged, FM announced a major change in taxation as far as virtual digital assets are concerned. Union Finance Minister Nirmala Sitharaman proposed a 30 per cent tax on income from transactions in such assets. Furthermore, FM Also proposed Gati Shakti Programme which will boost infrastructure and create more jobs. On education sector, FM has announced launch of a new Digital University as well as expansion of PM eVIDYA with addition of new TV channels for supplementary education.

National Monetisation Pipeline (NMP)

The government has unveiled a four-year National Monetisation Pipeline worth an estimated Rs 6 lakh crore. What is the government’s plan, which are the assets listed, and will there be challenges?

Finance Minister unveils 4th edition of Public Sector Bank Reforms Agenda – EASE 4.0 – Reviews performance of public sector banks – Announces EASE 3.0 award winners

Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman today on 25th August 2021 unveiled the fourth edition of the Public Sector Bank (PSB) Reforms Agenda ‘EASE 4.0’ for 2021-22 – tech-enabled, simplified, and collaborative banking. She unveiled the annual report for the PSB Reforms Agenda EASE 3.0 for 2020-21 and participated in the awards ceremony to felicitate best performing banks on EASE 3.0 Banking Reforms Index.

Union Budget 2021- Budget at a glance, Key Takeaways & Highlights

The Union Budget 2021-22 was presented by the Hon’ble Finance Minister Nirmala Sitharaman on 1st February 2021 in the Parliament. The Budget speech was given by the FM from 11 a.m. to 1 p.m.
This year’s Budget lays focus on the seven pillars for reviving the economy – Health and Wellbeing, Physical and Financial Capital and Infrastructure, Inclusive Development for Aspirational India, Reinvigorating Human Capital, Innovation and R&D, and Minimum Government Maximum Governance. Several regulations around the securities market are proposed to be merged as a single code. Several direct taxes and indirect taxes amendments were also proposed.

Economic Survey 2020-21 Key Highlights: Govt pegs FY22 GDP growth at 11%, FY21 GDP to contract 7.7%

Union Finance Minister Nirmala Sitharaman tabled Economic Survey 2020-21 in the Parliament on January 29, 2021. The survey is generally presented a day before the Union Budget. This year, the survey is being presented earlier because the day-before-budget is a Sunday. The real growth rate for FY21 has been taken as -7.7% (MoSPI) in Economic Survey 2020-21 and real growth rate for FY22 is assumed as 11.5 % based on IMF estimates.
Following the presentation of the Economic Survey in both the houses of the Parliament by Finance Minister Nirmala Sitharaman, Chief Economic Adviser KV Subramanian addressed a press conference in which he introduced the highlights of the annual survey document.

Atmanirbhar Bharat Stimulus Package 3.00 – Key Highlights

Union Finance Minister Nirmala Sitharaman  announced on Thursday the 12th November, 2020 new stimulus measures worth Rs 2.65 lakh crore, under Atmanirbhar Bharat Abhiyaan 3.0 to boost the Indian economy amid the ongoing COVID-19 pandemic. The new stimulus package reinforces the ‘fiscal conservatism’ ideology of the government — rather than large cash transfers, the growth philosophy centres around creating an ecosystem that aids domestic demand, incentivises companies to generate jobs and boost production. (She also informed that the total stimulus announced by the Government and Reserve Bank of India till date, to help the nation tide over the COVID-19 pandemic, works out to ₹ 29.87 lakh crore, which is 15% of national GDP. Out of this, stimulus worth 9% of GDP has been provided by the government.)