CURRENT AFFAIRS DESTINATION FOR UPSC & STATE CIVIL SERVICES EXAMINATIONS
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 been sparred by this move. -These changes will be effective from 1st January, 2018. -Since last year, small savings rates are revised on a quarterly basis. -The rate on the Read More …
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 Indian Economic Professionals. Objectives: It provides a forum for debate and discussion of theoretical and policy oriented issues of Economic Science. -It organizes annual conferences, special seminars and lectures by eminent Read More …
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 in assessment year 2015-16 (FY 2014-2015) from 3.65 crore in the previous year but only 2.06 crore actually paid tax as the others claimed income below taxable limits. -In the Read More …
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 banks, State Bank of India (SBI) had the highest amount of NPAs at over Rs 1.86 lakh crore followed by Punjab National Bank (Rs 57,630 crore), Bank of India (Rs Read More …
