Confused about inflation and its effect ? type? and so on? Fret not, read our article.
Tag: Economy
[Eco 101] Basics of India’s National Income – GDP, GNP, NNP, GVA, etc – Explained
Having difficulty in understanding concepts like GDP, GVA, constant price, current price and so on? Look no further , we have just the write up for you.
Indian economy will be hit hard by rising heat: Global report
News:McKinsey Global Institute has released a report titled “Climate risk and response: Physical hazards and socioeconomic impacts”. Facts: About the report: The report analyses the physical risks and socio-economic impacts of climate change across the world in the next three decades under a business-as-usual scenario. Key takeaways from the report: Countries and regions with lower… Continue reading Indian economy will be hit hard by rising heat: Global report
Effects of global slowdown more pronounced in India: IMF chief
News:The International Monetary Fund(IMF) President has said that the world economy is experiencing a synchronized slowdown and emerging economies such as India and Brazil are the most affected by the slowdown. Facts: The IMF chief said that she expects slower growth in nearly 90% of the world this year. She said that trade tensions had… Continue reading Effects of global slowdown more pronounced in India: IMF chief
Exchange rate driven by capital flows, says RBI
According to Reserve Bank of India Deputy Governor,India’s foreign exchange reserves are borrowed reserves and not built out of export surplus.This means that exchange rate dynamics in India is driven by capital flows rather than current account balances. Current account includes export and import of goods and services while Capital account includes inflow and outflow… Continue reading Exchange rate driven by capital flows, says RBI
Want to make India a $5 trillion economy by 2024, says PM
The fifth meeting of the Governing Council of NITI Aayog was held under the chairmanship of the Prime Minister at Rashtrapati Bhawan. Prime Minister has sought the cooperation of states in helping India achieve the target of $5 trillion economy suggesting that each state should aim to increase their own economy by 2-2.5% and focus… Continue reading Want to make India a $5 trillion economy by 2024, says PM
‘Corruption no longer among top 3 hurdles to doing business in India’
‘Corruption no longer among top 3 hurdles to doing business in India’ News: The latest edition of the U.K. India Business Council’s Ease of Doing Business Report was released recently. Important Facts: Findings of the report: The perception among U.K. businesses that corruption is a major barrier in doing business in India has halved compared… Continue reading ‘Corruption no longer among top 3 hurdles to doing business in India’
Govt-RBI call truce after a marathon board meeting
Govt-RBI call truce after a marathon board meeting News: The government and Reserve Bank of India have found a middle ground on the contentious issues between the two in the board meeting held recently. Important Facts: The Reserve Bank and the government have agreed to refer to an expert committee the following issues: The appropriate… Continue reading Govt-RBI call truce after a marathon board meeting
Full disclosure: on the credit rating industry
Full disclosure: on the credit rating industry News: SEBI has tightened disclosure norms for credit rating agencies after they failed to warn investors in time about the deteriorating credit profile of Infrastructure Leasing and Financial Services Ltd (IL&FS). Important Facts: SEBI Guidelines: The credit rating agencies will have to inform investors about the liquidity situation… Continue reading Full disclosure: on the credit rating industry
Is crop insurance scheme losing steam?
Is crop insurance scheme losing steam? News: According to a reply to an RTI application, more than 84 lakh farmers (around 15% of the total farmers) insured in the first year of the Pradhan Mantri Fasal Bima Yojna in 2016-17, withdrew themselves from the scheme in 2017-18 Important Facts: About Pradhan Mantri Fasal Bima Yojna… Continue reading Is crop insurance scheme losing steam?
