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Economic Bytes: Factory output positive in November

Factory output positive in November Approx Read Time: 5 minutes In News: The data of Index of Industrial Production (IIP) has been released by the National Statistical Office (NSO). As per the data, the country’s industrial production growth turned positive in November after three consecutive months of contraction. News Summary: IIP data for November 2019 …

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Governance Bytes: National e-Assessment Centre

Govt. unveils faceless I-T assessment, opens National e-Assessment Centre Approx Read Time: 2 minutes In News: Department of Revenue, Ministry of Finance has launched the faceless assessment system in the Income Tax department and has inaugurated the National e-Assessment Centre. The nodal National e-Assessment Centre (NeAC) will be located in Delhi and headed by the …

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Economic Concerns: Affects of Bank Mergers

Published on 11-Sept-2019 – Affects of Bank Mergers How will mergers affect public banks? (Affects of Bank Mergers) Approx Read Time: 4 minutes In News (Affects of Bank Mergers): FM Mrs. Sitharaman recently announced that 10 banks owned by the Government of India will be merged into four larger banks, thus the total number of …

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Economy Bytes: (FinTech)

Published on 03-Sept-2019 – FinTech FinTech Report Approx Read Time: 5 minutes In News: The Steering Committee on FinTech related issues constituted by the Ministry of Finance, Department of Economic Affairs, on 2nd September, submitted its Final Report to Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman in her office in New Delhi. The …

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