What is the meaning of Brexit?

Brexit is a term which is used for withdrawal of Britain from the European Union as per a popular referendum which was held on June 23, 2016, in which 51.9% of the electorate voted to leave the EU. The government of Britain invoked Article 50 of the Treaty of European Union on March 29, 2017,

Economic Survey 2016-17: Chapter-1: Economic Outlook and Policy Challenges

This is a summary of the chapter 1 of the Economic Survey 2016-17. Key Economic Reforms in 2016 At domestic front, year 2016 was marked by two major policy developments viz. passage of GST bill and demonetisation.  The GST will create a common Indian market, improve tax compliance and governance. The government enacted demonetisation of