Economic slow down
What is Structural Transformation?
Structural transformation in economics is the shift in labour force from agriculture to high-productivity sectors like manufacturing and modern services. It is a compositional shift caused by the transfer of surplus labour from the farms to better-paying sectors. It is ..
Month: Current Affairs - March, 2023
Category: Economy & Banking Current Affairs - 2024
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 ..
Month: Current Affairs - December, 2020
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 ..
Month: Current Affairs - May, 2020
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 ..
Month: Current Affairs - April, 2020
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 ..
Month: Current Affairs - April, 2020
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 ..