Inflation Current Affairs, GK & News
The Reserve Bank of India recently released the State of Economy Report for the month of April 2021. Key Findings of the Report The resurgence of COVID-19 might bring back inflationary pressures. Also, the restrictions and disruptions in supply chains might add up to the inflationary pressures. Under the G-Sec Acquisition Programme, RBI aims to ..
Category: Reports & Indexes Current Affairs
The Central Bank of Russia has increased the interest rate from 4.5% to 5%. Why did the Bank increase the interest rates? This is the second time the apex bank is increasing the interest rates due to elevated inflation pressure. According to the bank, the inflation in the country will be in the range of ..
The Reserve Bank of India recently revised its Inflation Forecast Model. The new model will capture how fiscal and monetary policy interact with real economy elements in a better way. About the New Inflation Forecast Model The new model is broken into three blocks. The first block decomposes the primary deficit of the Government into ..
Category: Economy & Banking Current Affairs
The Reserve Bank of India has recently published its State of the Economy Report. The report highlights that, the Indian state refiners’ daily gasoline sales in February 2021 have increased from 1.5% from the year 2020. According to the report, this is the slowest pace of growth in the six months as record-high retail prices ..
The Asian Development Bank recently released the Asian Development Outlook. Under its outlook, the Asian Development Bank projected that Indian economy is to contract by – 8% in the fiscal year 2020-21. Earlier it was estimated by the bank that India would contract by – 9%. This is the GDP forecast of India by the ..