Economy: GK, Current Affairs, Questions, Trivia and News

Circuit Breaker in Stock Market

For the first time since 2008, the circuit breaker was triggered and the trading was halted for 45 minutes in the Bombay Stock Exchange. Circuit Breaker The index based market-wide circuit breaker system was introduced by the SEBI (Securities and Exchange Board of India) in 2001. It is a mechanism used to prevent the markets ..

Moody’s cuts India’s GDP growth projection to 5.5% for next fiscal

Moody’s Investors Service recently released its estimates for India’s GDP growth in the upcoming fiscals. It lowered the real GDP growth projection for the next 2020-21 fiscal to 5.5 per cent, from its previous estimate of 6.3 per cent. The government’s Economic survey has projected a growth rate of 6-6.5% for the next fiscal. It ..

Fiscal deficit target raised to 3.8 percent for FY20

In the recent Union Budget 2020-21, the government has estimated the fiscal deficit target for 2020-21 at 3.5 per cent of GDP (Budget Estimate). The fiscal deficit target for 2019-20 was estimated at 3.3% earlier, which has also been revised to 3.8% of GDP, citing revenue shortage as the reason. Under the Fiscal Responsibility and ..

Union Budget 2020-21: disinvestment target set at ₹ 1.2 Lakh Crores

In the Union Budget 2020-21, the Government has set its disinvestment target at ₹ 1.2 Lakh Crores for the fiscal year 2020-21. The government also expects ₹90,000 crore revenue from disinvestment of government stake in public sector banks and financial institutions, including the LIC and IDBI bank. This is in addition to the 1.2 Lakh Crore ..

India International Leather Fair, 2020 held in Chennai

The 35th edition of India International Leather Fair (IILF), 2020 is being held in the capital city of Tamil Nadu, Chennai. The fair is being held from February 1 to 3, 2020 at the Chennai Trade Centre. The fair is organized by India Trade Promotion Organisation (ITPO), which functions under aegis of Ministry of Commerce ..

NSO releases revised estimates of India’s economic growth

The National Statistical Office released revised estimates for economic growth of India for the last three years, on January 31,2020. As per the report, it fixed the actual GDP growth 2018-19 at 6.1%, against its previous estimate of 6.8%, estimated in May 2019. The National Statistical Office also stated that the main reason for the ..

Report on states’ performance in garbage collection from household

The Union Ministry of Housing and Urban Development tabled a report on the state-wise performance in the collection of garbage from the households. The report said that 93% of the municipal councils in the country collect garbage from the doorsteps of households on a daily basis under the Swachh Bharat Abhiyan. However, only 57% of ..

Restructuring and loan drive for MSMEs

The state owned public sector banks are to hold a month long drive to provide relief to the small businesses (MSMEs) through loans and restructuring options. The outreach program was launched by the central government in December and is to last till January 6, 2020. The banks are provide working capital for these MSMEs and ..