Page-2 of Inflation Current Affairs, GK & News
RBI’s State of the Economy Report
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 ..
Month: Current Affairs - March, 2021
Category: Economy & Banking Current Affairs • Reports & Indexes Current Affairs
Topics: Fuel prices • Gasoline • Gasoline and diesel usage and pricing • Inflation • Reserve Bank of India (RBI) • State of the Economy Report
Asian Development Outlook
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 ..
Month: Current Affairs - December, 2020
Category: International Current Affairs • Reports & Indexes Current Affairs
Topics: Asian Development Bank (ADB) • Asian Development Outlook • Economic growth • GDP • Inflation • Reserve Bank of India (RBI)
What is Repo Rate?
Repo rate is the rate at which the central bank lends money to the commercial banks in case of fund crunch. It is a tool used by the monetary authorities to control inflation. The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), during the 3-day meeting that began on December 2, has ..
Month: Current Affairs - December, 2020
Category: Economy & Banking Current Affairs
Topics: Inflation • Monetary Policy • Monetary Policy Commitee • Repo Rate • Reserve Bank of India (RBI)
WPI inflation at 1.48% in October 2020; Increased for third consecutive month
The Wholesale Price Index (WPI) increased to 1.48% in October 2020. This was the highest in the past eight months. Key Highlights The inflation rate based on WPI Food Index fell from 6.92% in September 2020 t0 5.78% in October 2020. The WPI manufacturing increased to 2.12% in October 2020 as compared to 1.61% in ..
Month: Current Affairs - November, 2020
Category: Economy & Banking Current Affairs
Topics: Food Inflation • Inflation • Manufactured goods • Reserve Bank of India (RBI) • WPI • WPI Inflation
India Bans Export of all Varieties of Onion
Government of India have released a notification banning the export of all varieties of onions. The ban has been imposed three months after the central government made changes in the Essential Commodities Act, 1955. Why exports have been banned? There could be two major reasons for imposing this ban- The wholesale price of the onion ..
Month: Current Affairs - September, 2020
Category: Economy & Banking Current Affairs
Topics: Agricultural Export • Essential Commodities Act 1955 • Inflation • Onions