The Supreme Court of India has upheld the 2016 decision of the Narendra Modi government to demonetize currency notes of INR 500 and INR 1,000 denominations. The decision, which was taken by a 4:1 majority of the Constitution Bench, stated ..
Category: Economy & Banking Current Affairs - 2023
The Chief Election Commissioner has written to the Union Law Ministry to limit anonymous political donations. He has provided several recommendations reduce election funding via black money. Key recommendations Disclose donations above Rs.2,000: Under the current rules, political parties are ..
Indian Government has set up a “Multi-Agency Group for investigation of Foreign Asset Cases”. The Group comprises of representatives from various enforcement Agencies and Organizations. It will involve in the investigation of various categories of foreign asset cases such as ..
Month: Current Affairs - July, 2022
On October 9, 2020, India received second set of Swiss bank details under the “Automatic Exchange Pact” signed with Switzerland. The pact was a key milestone of GoI in its fight back against black money. Highlights India is one among ..
On June 26, 2020, the Swiss National Bank released its analysis of annual banking statistics. According to the report, India ranked low when it comes to money held by Indian individuals and organizations with the Swiss banks. Highlights The United ..
Month: Current Affairs - June, 2020
The Council of Scientific and Industrial Research (CSIR) and National Physical Laboratory (NPL) developed an ink to combat the problem of fake printing of passports and counterfeiting of currency notes. The ink has a new security feature o protecting itself ..