Economy Current Affairs, GK & News

Contribution of YouTube Creators to Indian GDP

The growing creator ecosystem of YouTube has contributed Rs 6,800 crore to the GDP of India and has supported 6,83,900 full-time equivalent jobs in the country in 2020. This statement has been issued by an independent report done by Oxford Economics and was released by YouTube. Overview: On YouTube the number of Indian channels with ..

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25th Meeting of Financial Stability and Development Council

In the city of Mumbai, the Financial Stability and Development Council’s (FSDC) 25th meeting was held. This meeting was held under the chair of Finance Minister Nirmala Sitharaman. Overview: The council discussed the different mandates of the FSDC as well as important macro-financial concerns that have arisen as a result of certain domestic and global ..

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What is the objective of RBI’s new 20000 cr-special OMO?

In a recent announcement, the Reserve Bank of India declared its intention to conduct simultaneous purchase and sale activities of government securities under the Open Market Operations for an amount of Rs 20,000 crore in two channels. Open Market Operation (OMO) An open market operation is an activity of the central bank that is associated ..

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What is the special OMO which has been launched by the RBI? How does it impact the economy?

The Reserve Bank of India recently declared that it is going to conduct simultaneous purchase and sale activities of government securities under the Open Market Operations for an amount of Rs 20,000 crore in two channels. Open Market Operation (OMO) An open market operation (OMO) is the activity of the central bank that is associated ..

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IEA highlights 30% Drop in Energy Demand in India

The International Energy Agency highlighted a 6% decline in global energy demand and a 30% drop in India’s energy demand. Global Scenario The IEA predicted that the global energy demand shock this year would be the biggest since the World War II. Currently, the world is seeing a 6% decline in energy demand- equivalent to ..

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