Economy & Banking Current Affairs

Fitch Solutions lowers India’s GDP growth to 4.9 per cent in FY20

Fitch Solutions recently lowered its forecast for India’s economic growth to 4.9 per cent in the current fiscal FY 20. The main reason for the cut in rate was weak domestic demand and supply chain interruptions due to the coronavirus outbreak and a resulting dip in manufacturing. However, the GDP growth in in 2020-21 will recover to 5.4 ..

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Facebook launches ‘More Together’ in India

Tech Giant Facebook has recently launched its first grand advertising campaign ‘More Together’ in India. India is the biggest market with the largest user base and it is also the first country in the Asia Pacific region, in which the campaign is being launched. The aim of the campaign is to reveal the potential of ..

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CSO releases GDP growth data for third quarter of FY20

The Central Statistics Office (CSO) recently released the GDP growth data for the October-December quarter of 2019 (third quarter of FY20). It said the GDP growth was 4.7 per cent in the third quarter, which is a slight improvement over the previous quarter’s GDP- 4.5%. As per the data, the projections for economic growth in FY20 has ..

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IndiGo launches its first co-branded credit card

India’s leading airline IndiGo recently launched its first co-branded credit card named ‘Ka-Ching’ in collaboration with HDFC Bank and MasterCard. The card is available in basic and premium version. The card vouches several benefits such as lounge access, priority check-in at airports, discounted convenience fee and fuel charge waivers.

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IPPB crosses a milestone of two crore customers

India Post Payments Bank (IPPB) has recently achieved the milestone of two crore customers. IPPB was launched by the Indian Prime Minister on September 1, 2018, with the main objective of financial inclusion. In September 2019, the payments bank launched the Aadhaar-enabled payment system (AePS) services. And then, it has become the single largest platform in the ..

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