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Departments to Conduct Review of Govt Guarantees
The Ministry of Finance has asked all the departments to undertake a review of government guarantees given by respective ministries to their Central Public Sector Enterprises (CPSEs) or entities. Review of Government Guarantees The review will look into aspects like ..
Month: Current Affairs - April, 2019
RBI Cuts Key Interest Rate
The Reserve Bank of India (RBI) has slashed the key interest rate, repo rate by 25 basis points or 0.25 per cent to 6 per cent and has decided to maintain the neutral policy stance. Financial Statement of the RBI ..
Month: Current Affairs - April, 2019
Proposed Nyay Scheme: Key Facts
In its election manifesto for the Lok Sabha Elections 2019, the Congress party has announced a Minimum Income scheme Nyuntam Aay Yojna (Nyay) as a surgical strike against poverty. Key Facts about the Proposed Scheme The Nyay scheme is targeted ..
Month: Current Affairs - April, 2019
Brexit has cost Britain nearly 2.5% of GDP: Goldman Sachs
A study by the global investment banking, securities and investment management firm, Goldman Sachs has stated that Brexit has cost Britain nearly 2.5% of GDP. Findings of the Study Britain’s economy has lost nearly 2.5 per cent of GDP relative ..
Month: Current Affairs - April, 2019
India’s GDP Forecasts by Fitch Ratings
In it’s Global Economic Outlook report, Fitch Ratings has cut India’s economic growth forecast for the next financial year 2019-20 starting from April 1 to 6.8 per cent from its previous estimate of 7 per cent, on the account of ..
Month: Current Affairs - March, 2019
Global Macro Outlook for 2019 and 2020
Moody’s has released its quarterly Global Macro Outlook for 2019 and 2020. The outlook highlights the following points about India: Indian economy is expected to grow at 7.3 per cent in the calendar year 2019 and 2020. The proposed government ..