The RBI recently held its Monetary Policy Committee meet. During the meet, the Reserve Bank of India has kept the repo rate unchanged at 4%. Repo rate is...
Credit rating agency, Moody’s Investors Service has revised the Gross Domestic Product (GDP) forecast of India to -8.9 percent upwards for calendar year 2020 from the -9.6 percent...
On September 27, 2020, the Union Health Minister Dr Harsh Vardhan announced that Government of India is to increase the health care expenditure in the country by 2.5%...
A study published by IHS Markit has projected that the medium-term growth outlook for India is to remain favourable, even though the gross domestic product will tumble in...
On July 13, 2020, the 15th Finance Commission held a meeting with the Union Health Minister Dr Harsh Vardhan. It was decided at the meet that India will...
On June 22, 2020, the Uttar Pradesh Government announced that it will bring in an ordinance, “UP Fiscal Responsibility and Budget Management”, FRBM Ordinance, 2020. This is the...
The Institute of Management Development recently released the World Competitive Index. India ranked 43rd in the ranking. Highlights In 2019, India was at the 43rd ranking. Since 1989,...
Since Independence in 1947, India has faced four recessions. According to Reserve Bank of India (RBI), the recessions occurred in 1958, 1966, 1973 and 1980. Highlights Recession is...
On June 1, 2020, Government of India launched the Pradhan Mantri SVANidhi Scheme for street vendors. The Union cabinet has cleared the credit amount for the scheme as...
On May 12, 2020, the Ministry of Finance announced that the government departments and ministries will review guarantees issued against loans issued by various government entities. Highlights The...
