Economy: GK, General Studies and Current Affairs

Union Government starts registration for Pradhan Mantri Kisan Maan-Dhan Yojana

The Union Government has recently started registration for the Pradhan Mantri Kisan Maan-Dhan Yojana (PM-KMY) with an aim to improve the life of Small and Marginal Farmers of the country. This scheme for farmers has been announced in the Union Budget 2019-20. The scheme is voluntary and contributory for farmers in the entry age group ..

Looming Global Economic Slowdown leads to a recession

As per a report put out by Morgan Stanley, which is one of the world’s leading global financial firms, the world economy appears to be heading towards a recession. However, fortunately for India, as per the initial projections of the Morgan Stanley group, the economic downturn is not going to affect India. What has happened? ..

Debate over India’s GDP Numbers

The Central Statistics Office (CSO) introduced a new series of National Account Statistics in 2015. The important changes made in the new series included the change in base year from 2004-05 to 2011-12, employed a new methodology to estimate India’s gross domestic product (GDP) and used new data sets to arrive at the GDP. Why ..

India’s first health-focused credit card launched by RBL Bank

India’s first health-focused credit card has been launched by RBL Bank and digital healthcare platform Practo. The co-branded health credit card is powered by Mastercard and is available on both Practo and RBL mobile apps and websites. It offers benefits like unlimited and round-the-clock online consultations with experienced and qualified doctors, one free full body ..

CBDT Hikes Monetary Limits for Filing of Appeals by Income Tax Department

The Central Board of Direct Taxes (CBDT) has significantly increased the limit for the income tax department to appeal disputes in higher forums. One of the reasons behind the decision to raise the monetary limits is that the revenue department has fared poorly in the appeals filed by it, which was highlighted in the Economic ..