Why in the news? The International Monetary Fund (IMF), in its annual assessment, has assigned a ‘C’ grade to India’s national accounts statistics, including crucial indicators like Gross Domestic Product (GDP) and Gross Value Added (GVA). International Monetary Fund (IMF) … Continue reading →

Why in the news? Central Board of Direct Taxes (CBDT) launched the second NUDGE initiative to strengthen the voluntary compliance of foreign assets. NUDGE Campaign of CBDT What is it?: It uses behavioural insights (“nudge theory”) to encourage voluntary tax … Continue reading →