Economic Development

Current Affairs for UPSC IAS Exam

President gives assent to GST Bill-Prelims-2017

President Pranab Mukherjee on Thursday gave assent to the Constitution Amendment Bill on Goods and Services Tax (GST), official sources ...

Minimum wage, what it is, how it is fixed-Prelims-2017

How is the minimum wage determined?The norms for determining the minimum wage were recommended by the Indian Labour Conference in ...

Decoding Unified Payments Interface system: A step towards cutting cash in the economy

So, what is the Unique Payments Interface or UPI?UPI is an online payments solution which will facilitate the transfer of ...

RBI to regulate P2P lending-Prelims-2017

The RBI has proposed that peer-to-peer lending platforms would be regulated as a separate category of NBFCs.The regulator said it ...

Odisha House approval paves the way for President’s nod for GST Bill

The Odisha Legislative Assembly on Thursday unanimously ratified the Constitution Amendment Bill for Goods and Services Tax (GST), paving the ...

Maharashtra, Haryana ratify GST Bill

Maharashtra and Haryana today ratified the Constitution Amendment Bill on Goods and Services Tax (GST) passed by the Parliament taking ...

What is Unified Payment Interface?-Prelims-2017

What is UPI and what can a user do with the app?UPI is a payment system that allows money transfer ...

Union Cabinet approves revised India-Cyprus Double Tax Avoidance Agreement-Prelims-2017

The Union Cabinet approved a revised Double Tax Avoidance Agreement (DTAA) and the Prevention of Fiscal Evasion with respect to ...

Key Recommendations of 14th Finance Commission-MAINS-2016

Horizontal Devolution Formula – Horizontal devolution means transfer of finance between states. The Commission added a new criterion of forest ...

India Post Payments Bank Incorporated -Prelims-2017

The India Post Payments Bank Limited has received the Certificate of Incorporation from the Registrar of Companies, Ministry of Corporate ...

Goods and Services Tax (GST) Bill, explained

The Goods and Services Tax (GST), the biggest reform in India’s indirect tax structure since the economy began to be ...