Current Affairs 2019Current Affairs: October 2019 Current Affairs: September 2019 Current Affairs: August 2019 Current Affairs: July 2019 Current Affairs: June 2019 Current Affairs: May 2019 Current Affairs: April 2019 Current Affairs: March 2019 Current Affairs:...

Financial Stability is a condition in which the three components of the financial system – financial institutions, financial markets and financial infrastructure are stable. It means that if a financial system is capable to speed up the real economic activities smoothly and is capable of mitigating financial imbalances arising from internal and external socks, is marked as financially stable.

Pradhan Mantri Garib Kalyan Yojana (PMGKY) was launched in 2016.
It is a Union Government’s second Income Disclosure Scheme (IDS) to allow tax evaders to come clean with unaccounted wealth valid from December 16, 2016 to March 31, 2017,
It provides for 50 percent tax and surcharge on declarations of unaccounted cash deposited in banks.