The Reserve Bank of India (RBI) on 5 January, 2018, announced a new banknotes of Rs. 10 denomination – The new Rs. 10 notes will be in the Mahatma Gandhi (New) Series, and will bear the signature of RBI Governor, Dr. Urjit R. Patel. Read More …
Category: Economy
Record production of fruits and vegetables in 2016-17
-According to the Ministry of Agriculture and Farmer welfare, there has been a record production of Horticulture Crops with production during the year 2016-17(F) reaching 300.6 Million Tonnes which is 5% higher than in the previous year. –Productivity for horticulture Read More …
Small savings schemes rates lowered
The union government on December 27, lowered interest rates on small savings schemes such as National Savings Certificate (NSC) and Public Provident Fund (PPF) by 20 basis points (100 basis points are equal to 1% point) -However senior citizens have Read More …
Indian Economic Association centenary celebration
Honorable President of India Shri Ram Nath Kovind on December 27, inaugurated the centenary celebration of Indian Economic Association (IEA). -On this occasion, association organized the 100th annual conference. – Indian Economic Association, established in 1917, is a registered body of Read More …
Just 1.7% of the total population, paid income tax in the assessment year (AY) 2015-16
According to the data released by I-T department, just over 2 crore Indians, or 1.7 per cent of the total population, paid income tax in the assessment year (AY) 2015-16. -The number of income-tax return filers increased to 4.07 crore Read More …
The gross NPA of Public sector bank at Rs 7,33,974 crore
According to the latest RBI data released on December 24, the gross non-performing assets (NPA) of public sector and private sector banks as on September 30, 2017 were Rs 7,33,974 crore, Rs 1,02,808 crore, respectively -Among the major public sector Read More …