India attends G20 Finance Ministerial Meeting

On April 15, 2020, Finance Minister Nirmala Sitaraman attended G20 Finance Minister meet. The Minister shared the policy measures being implemented by the Government of India and RBI. Action Plan The outcome of the virtual financial ministerial meet is as follows To deliver comprehensive IMF support package To implement support of multilateral development banks To ..

Month: Current Affairs - April, 2020

Category: International Current Affairs

Topics: Economic growth • G20 • G20 meeting of Finance Ministers and Central Bank Governors • G20 Ministerial Meeting • nirmala sitaraman • RBI

International Monetary Fund predicts India’s Growth Rate at 1.9%

Following the World that set India’s Growth rate between 1.5% and 2.8%, the International Monetary Fund has set growth rate of India at 1.9%. On April 14, 2020, the IMF released its report predicting growth rate of the country at 5.8%. Highlights IMF also says that the India will recover at the growth rate of ..

Month: Current Affairs - April, 2020

Category: Reports & Indexes Current Affairs

Topics: COVID-19 • Economic growth • Global Economy • Growth rate • international health emergency • International Monetary Fund

World Bank: India is expected to grow at 1.5% to 2.8%

On April 13, 2020, the World Bank released its report “South Asia Economic Focus”. According to the report, the Indian Economy is expected to grow at 1.5% to 2.8%. Key Highlights of the report The report says that India’s growth rate is to be the lowest since its balance of payment crisis in 1991. Earlier, ..

Month: Current Affairs - April, 2020

Category: Reports & Indexes Current Affairs

Topics: Asian Development Bank (ADB) • Economic growth • Fitch Ratings • GDP Growth Rate • Growth rate • growth rate of india • india-world bank • Moody's • World Bank

What is Helicopter Money being suggested by World Experts?

With the increasing economic crisis, Helicopter Money is a solution being suggested by economic specialists all over the world. What is Helicopter Money? Helicopter Money was the term framed by an American Economist Milton Friedman. Helicopter Money is the monetary policy tool used for Quantitative Easing. It aims to dump money into a struggling economy. ..

Month: Current Affairs - April, 2020

Category: Economy & Banking Current Affairs

Topics: CII • Economic growth • Economic slow down • Helicopter Money • K Chandrasekhar Rao • RBI

Three Schemes launched to boost Electronic Manufacturing Sector

The Government of India has launched three incentive schemes to boost electronics manufacturing in the country. The scheme will provide incentives of 4% to 6% when a company shows increased sales on electronic products. Highlights The incentives offered under the scheme are of worth Rs 48,000 crores. The companies shall claim the incentives from August ..

Month: Current Affairs - April, 2020

Category: Government Schemes Current Affairs

Topics: Economic growth • Electronics Manufacturing Cluster • Electronics Sector • Infrastructure Development • Mobile Manufacturing • National Policy on Electronics • Semiconductors