CURRENT AFFAIRS

• Integrity Education, Delhi
• 30, Jul 2021

Why in news: High fiscal borrowings won’t crowd out private sector, says Chief Economic AdvisorThe crowding out effect is an economic theory arguing that rising public sector spending drives down or even eliminates private sector spending.There are three main reasons for t

• Integrity Education, Delhi
• 30, Jul 2021

Context: The Union Cabinet cleared changes to the deposit insurance laws to provide funds up to Rs 5 lakh to an account holder within 90 days in the event of a bank coming under the moratorium imposed by the RBI.Present ProcessAccount holders had to wait for years till the liquidat

• Integrity Education, Delhi
• 28, Jun 2021

Context: UN FAO world food price index (FPI) touched 127.1 points in May, its highest value since September 2011 but the increase in global food prices is not getting reflected in India.International prices of edible oil and pulses: Price Up, Inflation UpFuel cost being p

• Integrity Education, Delhi
• 22, Jun 2021

Context: Covid-19 relief to various sectors of EconomyThe scheme was launched as part of the AtmaNirbhar Bharat Abhiyan package announced in May 2020 to mitigate the distress caused by coronavirus-induced lockdown, by providing credit to different sectors, especially Micro, Smal

• Integrity Education, Delhi
• 05, Jun 2021

The Reserve Bank Of India today kept interest rates unchanged in its monetary policy declared as expected. The Repo Rate has been kept at 4 percent while the Reverse Repo Rate at the central bank’s borrowing has been unchanged at 3.35 per cent. While announcing the decisions, RB

• Integrity Education, Delhi
• 03, Jun 2021

The third edition of India’s Sustainable Development Goals, SDG Index will be launched by NITI Aayog today. First launched in December 2018, the index has become the primary tool for monitoring progress on the SDGs in the country and has simultaneously fostered competition among

• Integrity Education, Delhi
• 15, May 2021

India’s overall exports including merchandise and services in the last month are estimated to be USD 51.79 billion exhibiting a positive growth of 93.21 per cent over the same period last year. The Commerce and Industry Ministry has said that Gems and Jewellery, handicraf

• Integrity Education, Delhi
• 04, May 2021

Confederation of Indian Industry has asked industry to curtail all non-essential economic activity requiring physical presence of employees at the workplace for the next two weeks. In a statement, CII President Uday Kotak said, this is necessary to break the chain of Corona transmissi

• Integrity Education, Delhi
• 02, May 2021

The government has extended the timelines of certain compliances by taxpayers in view of the pandemic. Ministry of Finance in a statement said that an appeal to Commissioner (Appeals) of the Income Tax Act, for which the last date of filing is 1st of April, 2021 or thereafter, is

• Integrity Education, Delhi
• 02, May 2021

The gross Goods and Services Tax (GST) revenue collected in the month of April is at a record high of one lakh 41 thousand 384 crore rupees. Of which CGST is 27 thousand 837 crore, SGST is 35 thousand 621 crore, IGST is 68 thousand 481 crore and Cess is nine thousand 445 crore rupees.