Enhanced Access and Service Excellence (EASE 4.0) was introduced by Finance Minister Nirmala Sitharaman at a press conference in Mumbai. The initiative is aimed at institutionalizing clean and smart banking in public sector banks.
As an alternative to the GST Compensation, the Ministry of Finance has today granted Rs. 75,000 crores to States and UTs with the Legislature under the back-to-back credit facility. Additional GST compensation will be provided every two months from real cess collections in addition to this one.