Latest Bank PO Economics Current-Affairs/GS, Exam Notifications, Important Dates, and Updates: Download PDF or Get in Your Email

  • Nov 5, 2018
  • 1 🌟 Summary of Projects & Achievements: 48 Months of Narendra Modi Government (Important) (Part - 23) [ Policy/Governance, Economy, Govt. Schemes/Projects ]

    Government making all efforts to boost housing finance sector: Affordable Housing for all by 2022 - To encourage private investment service tax exemption on house up to 60 sq. metres.

    • Access to safe and affordable housing

    • Housing loans at an interest rate of 6.5 % for 15 years

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  • 2 🌟 Summary of Projects & Achievements: 48 Months of Narendra Modi Government (Important) (Part - 22) [ Policy/Governance, Economy ]

    Nation 1 Budget: Cabinet approves scrapping separate railway budget - Ending the 92 year old tradition, railway budget will be merged with general budget, One budget will result in greater efficiency.

    • It will result in better integration of resources towards development of India

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  • Nov 4, 2018
  • 1 🌟 Summary of Projects & Achievements: 48 Months of Narendra Modi Government (Important) (Part - 20) [ Policy/Governance, Economy ]

    NDA takes tougher stand on corruption - 150 % increase in tax rate for unexplained credit, investment, cash and other assets with and a penalty provision introduced. 200 % increase in penalty for search seizure cases.

    • 50 % tax on income disclosed till 30th December.

    • 90 % tax +

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  • Nov 1, 2018
  • 1 🌟 Summary of Projects & Achievements: 48 Months of Narendra Modi Government (Important) (Part - 28) [ Science/Technology, Economy, Govt. Schemes/Projects ]

    India rises by 13 places in Travels & Tourism Competitive Index 2015 under NDA govt: After remaining stagnant for 7 years under UPA Govt, NDA Govt’s boost to tourism helps improve India’s rankings.

    Image of Competitive Index 2015 under NDA govt

    Image of Competitive Index 2015 under NDA Govt

    Image of Competitive Index 2015 under NDA govt

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  • 2 🌟 Summary of Projects & Achievements: 48 Months of Narendra Modi Government (Important) (Part - 27) [ Policy/Governance, Economy, Govt. Schemes/Projects ]

    Empowering Lives through Jan Dhan Yojana: 19.72 crore Bank Accounts opened, Deposits of more than Rs. 28,699.65 crore, More than 1.26 lakhs Bank Mitras deployed, 131012 Mega Financial Literacy camps organized.

    • Around 12.24 crore people included in social security cover

    • Thousand

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  • Oct 26, 2018
  • 1 🌟 Summary of Projects & Achievements: 48 Months of Narendra Modi Government (Important) (Part - 19) [ Economy, Agriculture/Agro Industries, Govt. Schemes/Projects ]

    PM Modi announces major decisions to benefit poor, neo –middle class & middle class -Interest subvention for loans of upto Rs. 12 lakhs. Rural houses under PMAY Increased by 33 %. Farmers who have taken loans for Rabi crop exempted from Interest for 60 days.

    • Government adds Rs.

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  • 2 🌟 Summary of Projects & Achievements: 48 Months of Narendra Modi Government (Important) (Part - 16) [ Policy/Governance, Economy, Awards, Women/Minority Empowerment ]

    Committed to farmer’s welfare: Sown area in current Rabi season has shown 6 % rise compared to last year, During Kharif 2016, around 3.66 crore farmers were insured for a sum of Rs. 1.4 lakh crore under Pradhan Mantri Fasal Bima Yojana.

    • Kisan Credit Cards will be converted into

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  • Sep 21, 2018
  • 1 GST Council Cuts Rate on 88 Items on 21 July 2018 [ Economy ]

    GST Council in its 28th meeting on 21st July, 2018, reduced Goods & Services Tax (GST) rates on 88 various goods & rationalised rates on various services. GST exempted from various services in sectors like agriculture, education & social security.

    Table contain shows GST Rates Reduction

    Table contain shows GST Rates Reduction

    GST Rates Reduction

    28 % to 18%

    28 % to 12%

    18%, 12%, 5 % to Nil

    12 % to 5%

    18 % to 12%

    18 % to 5%

    Paints & varnishes

    Fuel Cell Vehicle

    Stone/Marble/Wood Deities

    Chenille fabrics

    Bamboo flooring

    Ethanol for sale to Oil Marketing Companies

    Glaziers’ putty, grafting putty, resin cements

    Rakhi

    Handloom dari

    Brass Kerosene Pressure Stove

    Solid bio fuel pellets

    Refrigerators, water cooler

    Sanitary Napkins

    Phosphoric acid

    Hand Operated Rubber Roller

    Washing machines

    Coir pith compost

    Knitted cap

    Zip & Slide Fasteners

    Lithium-ion batteries

    Sal Leaves siali leaves & their products

    Vacuum cleaners

    Raw material for Jhadoo

    Domestic electrical appliances

    Khali dona

    Storage water heaters, hair dryers, hand dryers

    Circulation & commemorative coins, sold by SPMCIL to Finance Ministry

    Televisions up to size of 68 cm

    Crane lorries, fire fighting vehicle, concrete mixer lorries

    Trailers & semi-trailers

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  • May 11, 2018
  • 1 📹 Expected Questions on Economics 2018 – Part 2 (Set - 3) [ Economy ]

    👌 Subhash Chandra Garg Committee to regulate fintech sector - To look into the development and regulation of the financial technology (fintech) sector in India. It will be headed by Economic Affairs Secretary Subhash Garg.

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    Expected Questions on Economics 201

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  • 2 📹 Expected Questions on Economics 2018 – Part 2 (Set - 2) [ Economy ]

    👌 Export of Marine Food Products: Gujarat is the top producer, Andhra Pradesh is the second largest producer, In addition, Goa is the third largest producer, Among the union territories, Andaman and Nicobar and Dam and Diu are also important producers.

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    Expe

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  • 3 📹 Expected Questions on Economics 2018 – Part 2 (Set - 1) [ Economy ]

    Credit Lines Pact Signed by Five Banks of BRICS Nations - BRICS Interbank Cooperation Mechanism (ICM) Banks agreed to establish and cooperate on local currency credit lines. Allows 5 banks to extend credit lines in local currencies to: BRICS ICM members, BRICS companies against g

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  • May 9, 2018
  • 1 📹 Expected Questions on Economics 2018 – Part 1 (Set - 3) [ Economy ]

    Government Steps to Boost Digital Transactions - Cabinet to give a shot in the arm to Digital India, Approved several steps like taking brunt of Merchant Discount Rate (MDR) on all debit card/BHIM UPI/AePS transactions up to a value of Rs. 2, 000 (small transactions).

    • Move encou

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  • 2 📹 Expected Questions on Economics 2018 – Part 1 (Set - 2) [ Economy ]

    Aadhaar to be linked to driving licence - Union Minister for Electronics and Information Technology announced that the Union government would now link Aadhar with driving license. Why to link Aadhar? : To help check the menace of multiple licenses.

    • Considering Aadhaar as a safe

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  • 3 Important Topics for Economics - 2018 [ Economy ]

    RBI’s Demonetization Data Report, Centre Set Up Panel to Suggest on New Jobs, Case of Bank’s independence in monetary policy making, Focus on ‘Impactful’ Smart City Projects: Centre, Need of labour reforms in India.

    •NITI Aayog’s report on ease of doing business in India

    •A trou

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  • 4 📹 Expected Questions on Economics 2018 – Part 1 (Set - 1) [ Economy ]

    📝 RBI’s Demonetization Data Report - Almost all demonetized notes returned to the central bank. Banks received Rs. 15.28 lakh crore out of the total Rs. 15.4 4 lakh crore. Total currency in circulation is about Rs. 2 lakh crore short of the pre - demonetisation period.

    • Does not

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  • May 3, 2018
  • 1 National Financial Reporting Authority- New Regulator to Discipline Auditors [ CA Upd. ]

    As part of the government’s effort to strengthen oversight of the audit profession, the Union Cabinet established an independent regulator- National Financial Reporting Authority (NFRA), which can investigate both chartered accountants and their firms.

    Image of National Financial Reporting Authority

    Image of National Financial Reporting Authority

    Image of National Financial Reporting Authority

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  • Apr 1, 2018
  • 1 🌟 What is Central Consumer Protection Authority? Provisions in Consumer Protection Bill (Important) [ Economy, Bills ]

    The Consumer Protection Bill, 2018 was introduced by the Minister of Consumer Affairs, Food, and Public Distribution on January 5, 2018 to replace the Consumer Protection Act, 1986. A Consumer Protection Bill was first introduced in 2015, but was withdrawn post the introduction o

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  • Mar 28, 2018
  • 1 📹 Economic Survey 2018 - Vol. 2, Ch.8: Industry and Infrastructure [ Economy ]

    Industry - Several industry specific reform initiatives taken by the Government since 2014 have significantly improved the overall business environment in the country. 📹 📝 Some of the reforms are

    • implementation of the Goods and Services Tax

    • Insolvency and Bankruptcy Code

    Load

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  • 2 Economic Survey 2018 - Vol. 2, Ch. 10: Social Infrastructure, Employment and Human Development [ Economy ]

    As India is poised to grow as one of the leading knowledge economies, education, skill development and health will remain priorities for the Government. Trends in social sector expenditure - Public investment in social infrastructure like education and health is critical in the d

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  • 3 Economic Survey 2018 - Vol. 2, Ch. 9: Service Sectors [ Economy ]

    International comparison - Services export growth, both for World and India, which had dipped to negative territory in 2015, returned to positive territory in 2016. As per the latest World Trade Organization (WTO) data for first half of 2017, services export growth for the World

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  • 4 Economic Survey 2018 - Vol. 2, Ch. 7: Agriculture and Food Management [ Economy ]

    The declining share of agriculture does not undermine the significance of the sector for employment, livelihood and food security. With structural changes in agriculture, there is greater scope to broaden the range of activities related to agriculture to improve productivity and

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  • 5 Economic Survey 2018 - Vol. 2, Ch. 6: External Sector [ Economy ]

    Global economic environment: International Developments - The global economy is gathering pace and is expected to accelerate from 3.2 % in 2016 to 3.6 percent in 2017 and 3.7 percent in 2018 which reflects an upward revision of the earlier projections by the IMF.

    • World trade vo

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  • 6 Economic Survey 2018 - Vol. 2, Ch. 5: Sustainable Development, Energy and Climate Change [ Economy ]

    Sustainable development goals -UN Sustainable Development Goals (SDGs) adopted by the international community in September, 2015 comprehensively covers social, economic and environmental dimensions and build on the Millennium Development Goals (MDGs).

    • The SDGs constitute a unive

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  • Mar 27, 2018
  • 1 Economic Survey 2018 - Vol. 2, Ch. 4: Prices and Inflation [ Economy ]

    The economy witnessed a gradual transition from a period of high and variable inflation to more stable prices in the last four years. Headline inflation measured by the Consumer Price Index (CPI) has remained under control for the fourth successive year.

    Headline inflation rate

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  • 2 Economic Survey 2018 - Vol. 2, Ch. 3: Monetary Management and Financial Intermediation [ Economy ]

    Monetary Developments during 2017 - 18. Monetary policy during 2017 - 18 was conducted under the revised statutory framework, which became effective from August 5, 2016. Accordingly, the Reverse Repo Rate under the Liquidity Adjustment Facility (LAF) stands at 5.75%, and the Marg

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  • 3 Economic Survey 2018 - Vol. 2, Ch. 2: Review of Fiscal Developments [ Economy ]

    The firm footing afforded by the Government to unleash tax reforms in the current year could be perused from the Charts Most fiscal indicators-revenue buoyancy, expenditure quality, devolution and deficits improved discernibly in the last three years.

    Image of Fiscal indicators as percentage of GDP

    Image of Fiscal Indicators as Percentage of GDP

    Image of Fiscal indicators as percentage of GDP

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  • 4 📹 Economic Survey 2018 - Vol. 2, Ch. 1: an Overview of India’S Economic Performance in 2017-18 [ Economy ]

    GDP growth in 2017 - 18 - With Gross Domestic Product (GDP) growth averaging 7.5 % between 2014 - 15 and 2016 - 17. India can be rated as among the best performing economies in the world on this parameter.

    • Growth is expected to decline to 6.5 % in 2017 - 18, bringing the 4-year

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  • Feb 19, 2018
  • 1 📹 Budget 2018 – Key Highlights [ Economy ]

    Budget for Agriculture and Rural areas - The MSP for all unannounced kharif crops to be atleast one and half times of their production cost. Prime Minister Krishi Sampada Yojana is a flagship program for boosting investment in food processing.

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    Budget 2018 H

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  • Feb 8, 2018
  • 1 📹 Economic Survey 2018 - Vol. 1, Ch. 9: Ease of Doing Business’ Next Frontier: Timely Justice [ Economy ]

    Introduction - India jumped thirty places to break into the top 100 for the first time in the World Bank’s Ease of Doing Business Report (EODB), 2018. The rankings reflect the government’s reform measures on a wide range of indicators.

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    Ease of Doing Busines

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  • 2 Economic Survey 2018 - Vol. 1, Ch. 8: Transforming Science and Technology in India [ Economy ]

    Why Science - 📝 Science, technology, and innovation have instrumental and intrinsic value for society. They are key drivers of economic performance and social well-being. They are also important for deeper reasons:

    • a scientific temper, with its spirit of enquiry,

    • the primacy ac

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