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Parliament passes the Vivad Se Vishwas Bill for settlement of Direct Tax disputes

Tax

Parliament passed the Vivad Se Vishwas Bill for settlement of Direct Tax disputes on 13 March 2020. The Bill was presented in Lok Sabha (the lower house) by the Minister of Finance Nirmala Sitharaman on 5 February 2020. Lok Sabha passed it on 4 March 2020. It will provide a chance to settle direct tax disputes within the current financial year by waiving interest and penalty on their pending taxes.

Cabinet approved the Central Sector Scheme of funding facility under Agriculture Infrastructure Fund

Cabinet Approval
  • The Union Cabinet led by the Prime Minister Narendra Modi passed a new pan India Central Sector Scheme under Agriculture Infrastructure Fund.
  • The foremost goal of the scheme is to produce a medium-long term debt financing facility for investment in viable projects for post-harvest management Infrastructure and community farming assets through interest subvention and financial support.

Cabinet approves Rs. 5718 crore STARS project

STARS project
  • Implementation of the Strengthening Teaching-Learning and Results for States (STARS) project has been approved by the Union Cabinet chaired by Prime Minister Narendra Modi.