States may push for debate on central schemes and cesses Subject: Economy Cess and surcharge are the taxes levied by the Union Government in order to raise funds for government operations. Though both Cess and Surcharge add money to the government’s revenue, these are different in many aspects. Cess Example-Every individual in India […]

    Unemployment Subject :Economy Context: Unemployment rate in the country has zoomed to a high of 8.3 per cent in December, the highest in 2022, according to data from the Centre for Monitoring Indian Economy (CMIE). The unemployment rate in November was at 8 per cent, while in September it was the lowest at 6.43 per cent and was at the second highest level during the year at 8.28 per cent in August, the CMIE data stated. While the urban unemployment rate was at 10 per cent during the last month of 2022, rural joblessness stood at 7.5 per cent during December Among the States, unemployment continued to be the highest in Haryana at 37.4 per cent in December, followed by Rajasthan at 28.5 per cent, Delhi 20.8 per cent, Bihar 19.1 per cent and Jharkhand 18 per cent. Periodic Labour Force Survey- It is India’s first computer-based survey launched by the NSO in 2017. It essentially maps the state of employment […]

    Domestic Systemically Important Banks (D-SIBs) Subject :Economy Context:  The Reserve Bank of India (RBI) Monday said State Bank of India, ICICI Bank and HDFC Bank continue to remain Domestic Systemically Important Banks (D-SIBs). Concept : D-SIB means that the bank is too big to fail. According to the RBI, some banks become systemically […]

    Demonetisation decision gets Supreme Court Seal Subject : Economy Context: The Supreme Court upheld the government’s 2016 decision to demonetise currency notes of Rs 500 and Rs 1,000 by a 4:1 majority. More about the news: In its majority 4:1 judgment of the five judge bench of Justices S Abdul Nazeer, B R […]