Economic Crisis Current Affairs, GK & News

IMF approves $650 billion for poor countries to tackle Covid

Member nations of the International Monetary Fund have approved the injection of $650 billion to help countries in dealing with mounting debt and economic fallout because of Covid-19 pandemic. Highlights These reserve assets, called as special drawing rights, have been created first time after 2009 global financial crisis when $250 billion were issued. It will ..

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Riots in Lebanon over economy

Lebanese troops were deployed in northern city of Tripoli on June 27, 2021 to take positions across major state institutions following a night of protests and riots against worsening living conditions in the country. Ground situation Riots have left several protesters and 10 soldiers injured. Protests were reported throughout Lebanon after its 20-month economic crisis ..

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Moody’s: India’s growth projection at 9.6 per cent for 2021

Moody’s Investors Service has reduced India’s growth forecast to 9.6 per cent for 2021 from the earlier forecast of 13.9 per cent. According to it, growth will restrict to 7 % in 2022. Highlights Growth forecast was published in its report called ‘Macroeconomics India: Economic shocks from second COVID wave will not be as severe ..

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NHRC advisories on Bonded Labourers & Migrant Workers

National Human Rights Commission (NHRC) has issued advisories on bonded labourers & migrant workers amid covid-19 cases. What are those advisories? Advisories were issued to ministries and states to look after adverse impact of covid-19 on labourers and migrant informal sector workers. NHRC, looking after adverse effects of pandemic on different sections of society, issued ..

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IMF warns for ‘Ricochet Impact’

According to International Monetary Fund (IMF), Emerging-market nations’ struggle to move out of covid-19 pandemic-induced economic crisis can hurt developed nations. It said, crisis has “Ricochet impact” on the developed and advanced economies. Highlights IMF suggests that, developed nations should doing all to ensure better & equitable access to vaccines and equitable recovery. Poorer nations ..

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