Page-2 of Economic slow down
RBI: Cuts repo rate to 4.4%; CRR to 3%; 3-month moratorium allowed on all loans
On March 27, 2020, the Reserve Bank of India announced series of measures to counter economic slowdown caused due to COVID-19. The Central bank advanced its Monetary Policy Committee meet due to COVID-19 pandemic. This was the 7th Bi-Monthly Monetary ..
Month: Current Affairs - March, 2020
Asian Development Bank Sanctions 4 million USD to members to contain Corona Virus
The Asian Development Bank is to provide 4 million USD to member countries in Asia and Pacific to contain COVID-19, the Corona Virus. The fund is being allocated for buying emergency supplies, assessing health systems, improve resilience and respond to ..
Month: Current Affairs - March, 2020
World Bank’s Global Economic Prospect: World Economic Growth projected at 2.5%
On January 9, 2020, the World Bank released its Global Economic Prospect. According to its forecast, the world is expected to grow economically at the rate of 2.5%. This is the lowest prediction since that predicted in 2008-09, 3.1%. By ..
Month: Current Affairs - January, 2020
Global Competitiveness Index, 2019
India ranked 68th in the annual Global Competitiveness Index. It is the worst performing among the BRICS nations along with Brazil that is ranked at 71. The Global Competitive Index is compiled by World Economic Forum. The Forum has mapped ..