Current Affairs

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Page-4 of Topic: Indian Economy

S&P estimates COVID-19 cost to be $620 billion for 14 Asia-Pacific countries

International ratings agency S&P Global Ratings has recently estimated the cost of COVID-19 outbreak for 14 Asia-Pacific countries at $620 billion. Though a country-wise break-up was not provided...

March 24, 2020

Fitch Ratings cuts India’s growth forecast to 5.1% for FY 2020-21

Fitch Ratings has recently cut India growth forecast to 5.1 per cent for FY 2020-21.  Fitch had projected India to grow at 5.6 per cent in 2020-21 and...

March 21, 2020

COVID-19 economic response task force to be headed by Finance Minister

Prime Minister Narendra Modi, during his public address, announced the setting up of a COVID-19 economic response task force. The task force is to be headed by Finance Minister Nirmala...

March 21, 2020

RBI extends authorization issued to Vakrangee to own and operate WLA

The Reserve Bank of India (RBI) has extended the validity of authorization issued to IT service management company Vakrangee, to setup, own and operate the White Label ATMs...

March 21, 2020

S&P Global Ratings lowered India’s economic growth forecast to 5.2% for 2020

S&P Global Ratings lowered India’s economic growth forecast to 5.2 per cent for the year 2020. The rating agency had earlier predicted the growth rate of 5.7% for...

March 19, 2020

Marginal decline in number of job seekers

The Union Labour Minister Santosh Kumar Gangwar recently informed that the number of job seekers in the country marginally declined between 2015 and 2017 from 4.35 crore in...

March 17, 2020

OECD lowers India’s GDP growth forecast to 5.1%

International agency OECD recently lowered India’s GDP growth forecast to 5.1 per cent from the earlier projection of 6.2 per cent for 2020-21. For the financial year ending...

March 4, 2020

India emerged as 5th largest economy in 2019

World Population Review, a US-based think tank, recently stated in its report that India emerged as the world’s fifth largest economy in 2019, with a GDP of $...

February 18, 2020

Moody’s lowers India’s GDP forecast to 5.4% for 2020

American Credit rating agency, Moody’s Investors Service has lowered India’s growth forecast to 5.4 per cent for the year 2020. Earlier, the country’s growth was estimated as 6.6...

February 17, 2020

Fitch Ratings estimates India’s FY21 GDP growth at 5.6%

Fitch Ratings recently released its forecast for India’s economic growth for the next financial year. It estimated a growth rate of 5.6 per cent, which is lower than...

February 5, 2020

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