India’s CAD widens to 2.5% of GDP in 3rd Quarter
Current account deficit of India has widened to 2.5% of GDP in the 3rd quarter of the current fiscal year primarily on account of a higher trade deficit though the foreign exchange reserves which continued to soar. Current account deficit has been widened merely 0.4% from 2.1%, a year ago. The CAD had moderated to USD 19.1 billion or 2.9 per cent of GDP in the preceding quarter.
What is the objective of RBI’s new 20000 cr-special OMO?
In a recent announcement, the Reserve Bank of India declared its intention to conduct simultaneous p...
What is the special OMO which has been launched by the RBI? How does it impact the economy?
The Reserve Bank of India recently declared that it is going to conduct simultaneous purchase and sa...
IEA highlights 30% Drop in Energy Demand in India
The International Energy Agency highlighted a 6% decline in global energy demand and a 30% drop in I...
Business Interruption Insurance
In light of the unprecedented economic losses due to the lockdown, businesses in India are looking a...
Economic situation to be the worst since the 1997 Asian Financial Crisis
The recently released World Bank report predicted that the economic situation in the near future cou...
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