Source: Livemint Relevance: A lesson from the 2008 global financial crisis that can help India tackle post-pandemic situation better Synopsis: Aggressive lending to MSME sector can result in a NPA problem in the future. Contents1 Background2 Present situation – impending problems3 Impact of lending to MSMEs4 Shortcomings of credit schemes Background Response to 2008 financial… Continue reading Behest lending can give rise to a NPA problem
Tag: Recession
Recession
News:The International Monetary Fund(IMF) has said that the world has entered into a global recession due to the coronavirus crisis. Facts: A recession is a period when economic activities are in a general decline typically accompanied by unemployment, falling income and consumer spending. To overcome recession, countries generally react by loosening their monetary policies by… Continue reading Recession
