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Ban on private banks removed, government transactions can now be done
The central government has lifted the official ban on private sector banks on government-related bank transactions (tax and other revenue payment facility, pension payment and small savings). This information was given by the Department of Finance Services on 24 February 2021. Earlier, only a few private sector banks were allowed for these services. The central government’s decision has also been conveyed to the Reserve Bank of India (RBI). After this decision of the government, consumers will get better services and facilities. Finance Minister Nirmala Sitharaman said that private banks will also be partners in the social and financial inclusion schemes
Union Budget 2021: Budget will be paperless for the first time after independence
Due to the Corona epidemic (Covid-19 pandemic), this time the Union Budget 2021 paper will not be printed. This budget will be completely paperless. This will be the first time after independence when budget papers will not be printed. Modi government is going to present its next budget. Finance Minister Nirmala Sitharaman will present the budget on 1 February. It is worth mentioning that till now, copy of budget was printed for MPs and media etc. But for the first time the budget will be paperless. This time MPs will be given a soft copy of the budget. It is
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