Weekly Current Affairs


PMGKY not to apply for non-cash income: Govt

  • The government clarified that its income declaration scheme, the Pradhan Mantri Garib Kalyan Yojana, will apply only to cash or deposits in bank accounts and will not be available for income in the form of jewellery, stock or immovable property.
  • Scheme would not apply to income stored in foreign accounts. Those under search and seizure notices can also apply under the scheme.