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Ministry of Finance

Ministry of Finance Schemes 2018-19

Latest updates and news about new and upcoming social welfare schemes by Ministry of Finance Government in 2018. Complete list of Sarkari Yojana launched by Ministry of Finance Government in 2018-19.

National Pension Scheme (NPS) Premature Withdrawal New Rules 2019

Updated on: January 11, 2019 | Published on: January 11, 2019 | By: Karan Chhabra | No Comments

Narendra Modi govt. has now released National Pension Scheme (NPS) Premature Withdrawal Rules 2019. Under these rules, govt. allows early partial withdrawals upto 3 times from New Pension Scheme Fund. Each partial withdrawal should not exceed 25% of contributions made by the subscriber excluding contributions of employer. Tier II account holders have no restriction on […]

PM Universal Basic Income (UBI) Scheme 2019 – Cash Transfer in Bank Accounts of Poor

Updated on: January 3, 2019 | Published on: December 28, 2018 | By: Karan Chhabra | 3 Comments

Modi govt. is planning to introduce a PM Universal Basic Income (UBI) Scheme 2019 for poor people across the country. In this scheme, the government will transfer a certain stipulated amount directly into the bank account of the citizens who are unable to earn an income. This UBI scheme is going to address the issues […]

Govt. Contribution to National Pension Scheme to Rise to 14% of Basic Salary

Updated on: December 12, 2018 | Published on: December 7, 2018 | By: Karan Chhabra | No Comments

Central government has approved to raise the contribution to National Pension Scheme (NPS) to 14% of basic salary from the current 10% for government employees. However, the minimum employee contribution will still remain at 10%. Cabinet Committee has also approved tax incentives under section 80C of Income Tax (IT) Act for employees contribution to the […]

Soon New PAN Card Allotment in 4 Hours – No. of Income Tax Payers up by 50% (2018-19)

Updated on: December 12, 2018 | Published on: December 5, 2018 | By: Karan Chhabra | 3 Comments

Income Tax dept. is planning to introduce a string of reform measures which will enable people for PAN Card Allotment in 4 hours. The new reforms will include pre-filled returns which would need to be endorsed by an assessee and faster processing of returns. Moreover after demonetisation, the number of taxpayers have gone up by […]

Petrol Diesel Prices Cut by Rs. 2.5 by Central Govt. – States to Cut Oil Prices by Rs. 2.5

Updated on: October 6, 2018 | Published on: October 4, 2018 | By: Karan Chhabra | 3 Comments

Central government has finally reduced the prices of petrol and diesel by Rs. 2.5 to benefit mainly poor and middle class families. As per the official statement, the revenue department will absorb Rs. 1.5 per litre and OMCs will absorb Rs. 1 totalling to Rs. 2.5 per litre. The central govt. will also request the […]

Apply Online for MSME Business Loans in 59 Minutes at psbloansin59minutes.com

Updated on: November 3, 2018 | Published on: September 26, 2018 | By: Karan Chhabra | 10 Comments

Union Finance Minister has launched a facility for MSME credit space to apply online for MSME business loans in 59 minutes at psbloansin59minutes.com. This common online web portal will enable in-principle approval for MSME loans upto Rs. 1 crore in just 59 minutes from SIDBI (small industries development bank) and 5 other public sector banks […]

Rupee Slide Against Dollar – Check Imports, Boost Exports to Attract Dollar Inflows

Updated on: October 4, 2018 | Published on: September 15, 2018 | By: Karan Chhabra | No Comments

Central govt. plans to Check Non-Essential Imports, Boost Exports and initiated 5 measures to attract Dollar Inflows into the country. This is to reduce the widening Current Account Deficit which is seen as a factor behind Rupees Slide Against Dollar. PM Modi met with Arun Jaitley, RBI governor Urjit Patel and several top policy makers […]

Jan Dhan 2 Scheme – PM Jan Dhan Yojana Open Ended with More Incentives

Updated on: September 9, 2018 | Published on: September 6, 2018 | By: Karan Chhabra | 2 Comments

Central Govt. has decided to make Pradhan Mantri Jan Dhan Yojana an Open Ended Scheme. Under this Jan Dhan 2 Scheme, govt. has now added more number of incentives in order to encourage poor people to open zero balance bank accounts. PM Jan Dhan Yojana scheme was launched in August 2014 for 4 years. 1st […]

Revised Cost for India Post Payments Bank (IPPB) to Boost Banking Services at Post Offices

Updated on: September 2, 2018 | Published on: August 30, 2018 | By: Karan Chhabra | 1 Comment

Cabinet Committee of Central Govt. has Revised Cost for India Post Payments Bank (IPPB) from Rs. 800 crore to Rs. 1,435 crore. The decision to make revision in the project cost to setup IPPB is made to give a Boost to Banking Services at Post Offices. The additional sum of Rs. 635 crore in the […]

20% Cashback on GST Payment through Rupay, BHIM App, USSD (Digital Means)

Updated on: August 5, 2018 | Published on: August 5, 2018 | By: Karan Chhabra | 1 Comment

In order to promote transactions through Digital means, GST Council has approved to provide 20% Cashback on GST Payment. Now any person who is filing GST through Rupay Debit Card, BHIM App and USSD modes will be incentivized and can get cashback upto Rs. 100. This decision to give discount on cashless transactions was taken […]