Growth rate: Current Affairs, GK & News - 2020-2021

Portal GARUD launched by DGCA

Published: May 6, 2020

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 ..

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Fifteenth Finance Commission to assess impacts of COVID-19

Published: April 21, 2020

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 ..

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AIIB to finance 500 million USD projects to strengthen National Health Care Systems

Published: April 17, 2020

The Asian Infrastructure Investment Bank is to finance 500 million USD projects in India to help the country improve its health care systems. AIIB is currently doubling its funds under COVID-19 Crisis Recovery Facility. Highlights The funding is to be used for purchase of equipment and also for detection capacity. India had earlier approached AIIB ..

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International Monetary Fund predicts India’s Growth Rate at 1.9%

Published: April 15, 2020

Following the World that set India’s Growth rate between 1.5% and 2.8%, the International Monetary Fund has set growth rate of India at 1.9%. On April 14, 2020, the IMF released its report predicting growth rate of the country at 5.8%. Highlights IMF also says that the India will recover at the growth rate of ..

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World Bank: India is expected to grow at 1.5% to 2.8%

Published: April 14, 2020

On April 13, 2020, the World Bank released its report “South Asia Economic Focus”. According to the report, the Indian Economy is expected to grow at 1.5% to 2.8%. Key Highlights of the report The report says that India’s growth rate is to be the lowest since its balance of payment crisis in 1991. Earlier, ..

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