Pradhan Mantri Shram Yogi Maandhan (PMSYM) is a central government scheme that is for old age protection and social security of Unorganized Workers (UW). Contribution by the UW Subscriber: Via ‘auto-debit’ facility from their savings bank account or Jan- Dhan account from the date of joining PMSYM till the age of 60 years. The Central Government will also give an equal … [Read more...]
RBI’s big announcements to revive the economy
On Friday 22nd May 2020, the RBI Governor Shaktikanta Das announced several monetary to revive the economy due to the pandemic of COVID-19. Here are the key highlights of the announcements: Cut in repo rate: RBI Governor Shaktikanta Das announces a cut in the repo rate by 40 basis points (bps) to 4% from the existing 4.4%, while the reverse repo rate was reduced … [Read more...]
Indian Fiscal Policy affects under lockdown in the new F. Y. 2020-21
The whole world is under pressure to fight with the worldwide big problem called COVID-19. Under the situation, Prime Minister Narender Modi take a difficult step and announced a 21 days lockdown in India from 25th March to stop the spreading pandemic of corona-virus. The corona-virus affect economy and Indian Finance Minister Nirmala Sitharam has already declared a COVID-19 … [Read more...]
COVID-19 outbreak affect economy across the world
The Corona outbreak, which originated in China now rapidly spread across the world and has infected more than 10,15,000 or death cases are more than 53,000 worldwide. After Italy, the Novel corona-virus affected the United States of America and the number of cases is never stopping but still, the number of counting of infected peoples is continuing. Efforts to prevent pneumonia … [Read more...]