CRISIL Current Affairs, GK & News
Average income of MGNREGA workers got doubled during lock-down: CRISIL
Indian credit rating agency CRISIL has said according to its report, the average income of MGNREGA workers has doubled in the time period of the COVID-19 outbreak lockdown to around Rs 1,000 during the first quarter of the FY20. What is the MGNREGA scheme? Mahatma Gandhi National Rural Employment Guarantee Act is a labor law ..
Month: Current Affairs - August, 2020
Category: Government Schemes Current Affairs • India Nation & States Current Affairs
Topics: COVID-19 • Credit rating agencies • CRISIL • Mahatma Gandhi National Rural Employment Guarantee Scheme • MGNREGA • Migrant workers
World Bank Report
The World Bank in its latest Global Economic Prospect downgraded its projection of growth of India by -9%. However, the World Bank believes that Indian growth is to bounce back in 2021. Highlights The World Bank says that the growth of India has slowed by 4.2% in 2019-20. The other international rating agencies such as ..
Month: Current Affairs - June, 2020
Category: Reports & Indexes Current Affairs
Topics: CRISIL • Fitch Ratings • Global Economic Prospects • Moody's • South Asia • World Bank
CRISIL pegged India’s Growth Rate for FY21 at 1.8%
CRISIL, the rating agency, recently pegged India’s growth rate at 1.8% for FY21- a downgrade from an earlier estimate of 3.5%. Recent Predictions CRISIL, the domestic rating agency, cut down its projections for economic growth in India for FY21 from the earlier 3.5% to 1.8%. However, among the major economies, India and China are the ..
Category: Economy & Banking Current Affairs • Reports & Indexes Current Affairs
Topics: COVID-19 • CRISIL • GDP
IBC and Reduction in Gross NPAs of Banks
The biggest problem of the Indian Banking System is Non-performing Asset (NPA). The report of the Crisil has stated that the gross NPA is estimated to have declined to 10 per cent in end-March 2019 from 11.5 per cent a year before as recoveries through the Insolvency and Bankruptcy Code (IBC) helped banks recover bad ..
Topics: Bad Loans • CRISIL • IBC • Insolvency and Bankruptcy Code • Non-performing Asset • NPA
CriSidEx: CRISIL, SIDBI launches India’s first MSE Sentiment Index
The SIDBI (Small Industries Development Bank of India) and ratings agency Crisil have launched CriSidEx, India’s first MSE Sentiment Index for micro, small and medium enterprises (MSMEs). The index will help to indicate the current state and expected outlook on the MSME sector every quarter. CriSidEx CRISIL-SIDBI MSE Sentiment Index (or CriSidEx) has been developed ..
Month: Current Affairs - February, 2018
Category: Reports & Indexes Current Affairs
Topics: Business • CriSidEx • CRISIL • Eocnomy • MSME sector • National • Sentiment Index • SIDBI • Trade