Fitch Ratings Current Affairs, GK & News
Fitch Ratings revises India’s growth estimate to 12.8%
American credit rating agency, Fitch, has published its ‘Global Economic Outlook (GEO)’. Fitch has revised GDP growth estimate of India to 12.8% for the fiscal year 2021-2022 from the previous 11%. Ratings were revised in the backdrop of loose fiscal stance, stronger carryover effect, and better virus containment. Key Points Ratings agency finds that level ..
Month: Current Affairs - March, 2021
Category: Reports & Indexes Current Affairs
Topics: Fitch Group • Fitch Ratings • Global Economic Outlook GEO • Moody's • Standard & Poor's
Global Economic Prospects Report
The World Bank recently released the Global Economic Prospects report. What are the key findings of the Global Economic Prospects report? According to the report the Indian economy is to contract by 9.6% in 2020-21. The Indian economy is to recover 5.4 percent in 2021-22. The contraction in Indian economy will be mainly due to ..
Month: Current Affairs - January, 2021
Category: Reports & Indexes Current Affairs
Topics: Asian Development Bank (ADB) • CMIE • Economic growth • Economic Recession • Fitch Ratings • GDP • Global Economic Prospects • Unemployment • World Bank
World Bank Report
The World Bank in its latest Global Economic Prospect downgraded its projection of growth of India by -9%. However, the World Bank believes that Indian growth is to bounce back in 2021. Highlights The World Bank says that the growth of India has slowed by 4.2% in 2019-20. The other international rating agencies such as ..
Month: Current Affairs - June, 2020
Category: Reports & Indexes Current Affairs
Topics: CRISIL • Fitch Ratings • Global Economic Prospects • Moody's • South Asia • World Bank
Portal GARUD launched by DGCA
The Directorate General of Civil Aviation (DGCA) operating under Ministry of Civil Aviation launched “GARUD” Portal. GARUD is Government Authorisation for Relief Using Drones. Highlights The GARUD portal will assist state entities to obtain exemptions from central government to operate drones for COVID-19 purposes. The portal is important as several state entities are deploying drones ..
Month: Current Affairs - May, 2020
Category: India Nation & States Current Affairs
Topics: COVID-19 • DGCA • Drones • Fitch Ratings • GARUD portal • Growth rate • IMF • Smart Cities Mission • smart cities scheme • Startup • World Bank
Fifteenth Finance Commission to assess impacts of COVID-19
The Economic Advisory Council of the Fifteenth Finance Commission is to meet on April 23 and 24, 2020. The council is to discuss the impacts of COVID-19. Highlights A two-day meeting is to be held through video conference. The experts will discuss about macro variables over time. The agenda of the meet also includes public ..
Month: Current Affairs - April, 2020
Category: Economy & Banking Current Affairs
Topics: Advisory Council • COVID-19 • Economic growth • Fifteenth Finance Commission • Fitch Ratings • GDP • Growth rate • IMF • Moody's • World Bank