Demonitisation
India will grow at 7.3% in 2018: World Bank Report
The World Bank in its twice-a-year South Asia Economic Focus report has projected growth rate of 7.3% for India in 2018 and 7.5% for 2019 and 2020. The growth is expected to accelerate from 6.7% in 2017 to 7.3% in ..
Month: Current Affairs - April, 2018
Government notifies Specified Bank Notes (Cessation of Liabilities) Act, 2017
The Union Government has notified the Specified Bank Notes (Cessation of Liabilities) Act, 2017 to prohibit the holding, transferring or receiving of scrapped old Rs.500 and Rs. 1000 currency notes from 31 December, 2016, This law makes possession of more ..
Month: Current Affairs - March, 2017
MEITY to promote digital transactions in place of NITI Aayog
The Union Government has shifted the responsibility of promoting digital transactions in the country to the Union Ministry of IT and Electronics (MEITY) from NITI (National Institution for Transforming India) Aayog. In this regard, Government already has changed the business ..
Month: Current Affairs - March, 2017
Income Tax Department launches Operation Clean Money
The Income Tax Department (ITD) launched Operation Clean Money (Swachh Dhan Abhiyan), an e-platform to analyse large cash deposits made during the demonetisation window (9 November to 30 December 2016). Under it, e-verification of large cash has been done using ..
Month: Current Affairs - February, 2017
Cabinet clears interest waiver for farm loans
The Union Cabinet has given its ex-post facto approval for an interest waiver of farmers accessing short-term crop loans from cooperative banks for the two months of November and December, 2016 The decision also provides for interest subvention to National ..
Month: Current Affairs - January, 2017
Union Government announces package for promotion of digital & cashless economy
The Union Government has announced package of incentives and measures for promotion of digital and cashless economy in the country. It was announced to supplement the surge in the digital transactions aftermath demonetisation of old Rs.500 and Rs.1,000 notes for ..