CRISIL Current Affairs, GK & News
Crisil upgraded credit outlook of India Inc to Positive
Crisil Ratings have upgraded credit outlook of India Inc to positive. It is a broad-based recovery for India Inc currently. Key Points Earlier India Inc’s credit outlook was ‘cautiously optimistic’. According to Crisil, credit ratio (number of upgrades to downgrades) increased to over 2.5 times in first four months of the fiscal 2021-2022 against 1.33 ..
Month: Current Affairs - August, 2021
Category: Economy & Banking Current Affairs
Topics: credit outlook of India • Credit rating • Credit rating agencies • Credit Ratings • CRISIL
CRISIL cuts India’s GDP forecast to 9.5% from 11%
Ratings agency, CRISIL, has cut India’s gross domestic product (GDP) growth forecast from 11 percent to 9.5 percent for fiscal year 2021-2022. Highlights Downward forecast reflects that second covid-19 has hit two engines of growth private consumption and investment. It has thrown Indian economy to most severe contraction since Independence. Pinpricked Growth report As per ..
Month: Current Affairs - June, 2021
Category: Reports & Indexes Current Affairs
Topics: COVID-19 • CRISIL • Economic Recession • GDP Growth Rate • Growth Forecast • Reserve Bank of India (RBI)
OECD interim ‘Economic Outlook’
The Organisation for Economic Co-operation and Development (OECD) published its interim Economic Outlook on March 9, 2021. It has projected that the Indian economy will grow at the rate of 12.6% in Financial Year 2022. This will be the highest among G20 countries. Highlights The economic outlook is aided by the additional fiscal support after ..
Month: Current Affairs - March, 2021
Category: Reports & Indexes Current Affairs
Topics: CRISIL • Economic growth • Growth Forecast • Indian Economy • Organisation for Economic Co-operation and Development • World Economic Outlook
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