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Reassigning of Goods and Services Tax (GST) to States

In News The Union government needs to reassign Goods and Services Tax (GST) to States to address fiscal imbalance between the Union and State governments. About Major...

Defending Demonetisation

In News Recently, the Union Finance Ministry told the Supreme Court (SC) that demonetisation in 2016 led to a phenomenal growth in digital transactions, shrunk...

India: 5th largest Economy

In News Recently, India surpassed the UK to become the world's fifth biggest economy. Key Highlights Leaving behind UK: India leaped past the UK in the final three...

London Interbank Offered Rate (LIBOR)

In News  (LIBOR) rose for the fourth straight session, rising roughly 2.5 basis points to 2.83229%, the highest since November 2008.  What Is London Interbank Offered...

Privatisation of Air India

In News Recently, the government announced its decision to sell all its stake in Air India (AI) as well as AI’s stake in two other...

45th GST Council Meeting

In News Recently, the GST Council’s 45th meeting was held in Lucknow under the chairmanship of the Union Finance Minister. Key Decisions Drugs:  Life-saving drugs Zolgensma and Viltepso...

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