India gets 4th set of Swiss bank account details of its nationals Subject: Economy Context:India has received the fourth set of Swiss bank account details of its nationals and organisations as part of the annual automatic exchange of information(AEOI) Black money in the form of undisclosed foreign income and assets comes under the […]
How China Beat Extreme Poverty; And What Lessons It Holds For India Subject: Economy Context– According to the latest World Bank report on global poverty,India has the most number of poor people (5.6 crores). The report found that the number of Indians living in extreme poverty— surviving on less than Rs 46 a […]
Nobel Prize in Economics Subject: Economy Context: The Nobel Prize for Economics 2022 has been awarded to Ben Bernanke, Douglas Diamond and Philip Dybvig for their role in research related to how banks function. Contribution- Role of banks in the economy, particularly during financial crises–why we have banks, how to make them less […]
Credit Information Companies Subject :Economy Context– Credit Information Companies (CICs) will have to appoint an Internal Ombudsman by April 1, 2023, according to the framework announced by the Reserve Bank of India. Details: Every CIC should appoint an Internal Ombudsman for a fixed term of not less than three years, but not exceeding […]