Weekly Current Affairs


Measures to decimate shadow economy to boost GDP: Jaitley

  • Centre’s measures to eliminate shadow economy & tax evasion will have a positive impact both on GDP and on fiscal consolidation in long run.
  • The FSDC reviewed the present status of non-performing assets on banks’ books and the measures taken by the Centre and the banking regulator for dealing with the stressed assets as well as the future course of action.
  • It was noted that India appears to be much better placed today on the back of improvement in its macro-economic fundamentals