- The Union Cabinet approved the Memorandum of Understanding signed between the Indian Space Research Organisation and the National Space Research and Development agency of Nigeria.
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.
Ministry of MSME is starting a ‘Scheme of Fund for Regeneration of Traditional Industries’ (SFURTI) Scheme for setting up of traditional industries clusters viz. Khadi, Coir & Village industries clusters.