CRISIL: GK, General Studies and Current Affairs

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 ..

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 ..

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 ..

India’s first sentiment index “CriSidEx” for micro and small enterprises launched

Arun Jaitely, the Union Finance Minister, has inaugurated India’s first sentiment index “CriSidEx” for micro and small enterprises in New Delhi. CriSidEx, which is developed jointly by SIDBI and CRISIL, is a composite index based on a diffusion index of 8 parameters and measures MSE business sentiment on a negative to positive scale. This index ..