Economy: GK, General Studies and Current Affairs

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 ..

Major global cities to slow down according to research

New research studies have predicted that the growth in major cities around the world will slow down in 2020 and 2021. The Oxford economic researchers reported that out of 10 major cities across the world, 9 will slow down. Of the top 900 cities across the world, nearly two thirds is expected to experience slower ..

MoU between IEPFA and Bank of Baroda for ‘Investor Awareness’

The Ministry on Corporate Affairs announced the signing of a memorandum of understanding (MoU) between the Bank of Baroda (BoB) and Investor Education and Protection Fund Authority (IEPFA) for the purpose of creating awareness among investors and other stakeholders. The two entities are to collaborate for educating the masses about the dangers of fraudulent investment ..