Page-29 of European Union
Q4 GDP growth drops sharply to 5.3%, lowest in 9 years
Yearly economic growth of India dipped to a 9-year low of 5.3% in the January-March 2012 quarter. Even during the 2008-09, the year when India was facing the hit by the global financial meltdown, growth rate was higher at 6.7%. ..
Month: Current Affairs - June, 2012
IMF pegs India’s growth in 2012 at 6.9%
The IMF (International Monetary Fund) has pegged growth in India’s GDP for 2012 at 6.9%, scaling down the forecast by 0.1% points, compared to its projection in January 2012. It attributed the moderating growth outlook to policy dubiety, supply constrictions, ..
Month: Current Affairs - April, 2012
‘Van Rompuy’ again elected as European Council President
The mandate of European Council’s current President Van Rompuy has been increased by another 2.5 years. This was decided at a meeting of the Leaders of EU in Brussels. The former Belgian Prime Minister was the only candidate for the ..
Month: Current Affairs - March, 2012
European Financial Stability Facility
European Financial Stability Facility (EFSF) is a SPV (special purpose vehicle) financed by members of the Eurozone to combat the European sovereign debt crisis. It was agreed by the 27 member states of the European Union on 9 May 2010, ..