2008 financial crisis: Current Affairs, GK & News - 2020-2021

IMF: Recession due to COVID-19 to be worse than 2009

Published: March 24, 2020

On March 24, 2020, the International Monetary Fund announced that the recession to be caused due to Corona Virus is to be worse than the 2009. IMF has specifically warned the G20 nations that the current economic outlook is towards negative. The G20 nations are to hold a virtual summit in a week to come ..

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What is Forex Swap and LTRO suggested by RBI governor to support Liquidity in India?

Published: March 17, 2020

The RBI Governor recently stated that the apex bank has several armoury of weapons and it will not hesitate to deploy them. Two of the measures suggested by the governor are Forex Swap and LTRO (Long Term Repo Operation). This is being suggested as the global economic growth is affected due to impact of COVID-19 ..

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Asian Development Bank Sanctions 4 million USD to members to contain Corona Virus

Published: March 2, 2020

The Asian Development Bank is to provide 4 million USD to member countries in Asia and Pacific to contain COVID-19, the Corona Virus. The fund is being allocated for buying emergency supplies, assessing health systems, improve resilience and respond to animal human disease outbreaks. Highlights The main objective of fund allocation is to strengthen immediate ..

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Raghuram Rajan to Get Yashwantrao Chavan National Award

Published: March 10, 2019

Raghuram Rajan, former governor of RBI has been chosen for the ‘Yashwantrao Chavan National Award 2018’ by Yashwantrao Chavan Prathisthan for his contribution to economic development. Raghuram Rajan will be presented with the award at the 106th birth anniversary of Yashwantrao Chavan on March 12. Raghuram Rajan is credited with steering Indian economy during turbulent ..

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