The Ministry of Finance is one of the most important ministries within the Government of India and is headed by the Finance Minister of the country. Nirmala Sitharaman is the current Finance Minister of India. She took charge on 31 May 2019. Let us have a look at the list of Finance Ministers of India from 1947 to the present.
The first five-year plan in India was launched in 1951 and since then, India has witnessed twelve Five Year Plans. The present government had however discontinued the Five-year plan system and a new mechanism was put into place. Let us have a look at all the Five Year Plans the country has witnessed so far.
SEBI decided to put restrictions on the mutual fund investments in additional tier 1 bonds or AT-1 Bonds. Government asked to revoke the 100 year maturity rule on AT1 Bonds from SEBI. Know all about the AT1 bonds and understand its relationship with mutual funds here
The Economic Survey was tabled on January 29, 2021, in the Parliament by Nirmala Sitharaman. Take a look at the questions important from competitive exams point of view and go through each explanation.
The Reserve Bank of India (RBI) released its 'State of the Economy Report 2020' on 21 January 2021. RBI in its report has stated that the shape of the economic recovery in FY 2021-22 will be V-shaped, where 'V' stands for 'Vaccine'.
Entrepreneurship Skill Development Programme (ESDP): It is an entrepreneurship scheme that nurtures the talent of youth by enlightening them on several aspects of industrial or business activity that are required for setting up MSEs. Let us read in detail about ESDP.