Economy: Current Affairs, GK & News - 2020-2021

Circuit Breaker in Stock Market

Published: March 15, 2020

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 ..

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World Wide Education for the Future Index: India jumps to rank 35

Published: February 20, 2020

The Economic Intelligence Unit recently published the Worldwide Education for the Future Index for the year 2019. India has jumped by five ranks and currently holds rank 35. Highlights The ranking is provided based on the ability of a country to equip their students in skill-based education. India ranked 35th with an overall score of ..

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

Published: February 5, 2020

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 ..

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Fiscal deficit target raised to 3.8 percent for FY20

Published: February 3, 2020

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 ..

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

Published: February 3, 2020

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 ..

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