Economy Current Affairs, GK & News

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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Business Interruption Insurance

In light of the unprecedented economic losses due to the lockdown, businesses in India are looking at business interruption insurance for a way out. About Business interruption insurance is a type of insurance that covers the income loss of a business due to a disaster. It covers losses like rent, operational charges, salaries, etc. apart ..

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Economic situation to be the worst since the 1997 Asian Financial Crisis

The recently released World Bank report predicted that the economic situation in the near future could be the worst since the 1997 Asian Financial Crisis. 1997 Financial Crisis The 1997 Asian Financial Crisis is also known as the Asian Contagion. It was a sequence of currency devaluations in the region leading to decline in the ..

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