Economic slow down Current Affairs, GK & News

What is V-Shaped Recovery?

A V-shaped recovery is a type of economic recession and recovery that resembles the shape of alphabet V in charting. A V-shaped recovery involves a sharp revival of the economy to the previous peak after a sharp decline. The Finance Ministry’s latest Monthly Economic Review report stated that the Indian Economy is witnessing a V-shaped ..

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Monetary Policy Committee meets: Repo rate reduces to 4%

On May 22, 2020, the policy committee met in an emergency meeting to review the current economic outlook and impacts of COVID-19. Highlights The RBI has reduced the repo rate from 4.4% to 4%. It has reduced the reverse repo rate to 3.35%. The RBI also announced that the reduction in policy rate is to ..

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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. ..

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Unemployment Rate in India has increased to 23% due to Lock Down

The Centre for Monitoring Indian Economy (CMIE) recently released a survey on the current unemployment situation in India. According to the survey, more than 20% of Indian Economy has lost their jobs since the lock down. Highlights The report said that the unemployment rate for the month of March is expected to be 8.7% as ..

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Japan declares Emergency

On April 7, 2020, the world’s third largest economy, Japan declared emergency to combat the Covid-19 pandemic. The State of Emergency is to last till May 6, 2020. Highlights Iniatially, the emergency is to be applied in six prefectures namely Kanagwa, Chiba, Saitama, Osaka, Fukuoka and Hyogo. Today there are more than 3,906 cases of ..

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