The United States Federal Reserve has announced a quarter-percentage-point cut in interest rates. This was the first-rate cut in 11 years- the first since the global financial crisis broke in 2008. The rate cut marked a departure from the hawkish rate-hike trajectory of US Federal Reserve moving in the direction of bolstering the debt-laden American economy. ..
Inflation: GK, Current Affairs, Questions, Trivia and News
In the budget, the government has proposed to raise a part of its gross borrowing in external markets in external currencies by issuing sovereign bonds. Under the programme, both the initial loan amount and the final payment will be in either US dollars or some other comparable currency. What are Sovereign Bonds? The issuer of ..
As per the data released on 15th July, it was observed that the Wholesale price-based inflation (WPI) declined for the second consecutive month to its 23-month low of 2.02 % in June. What has happened? The WPI index declined to a 23-month low in June, 2019. The value recorded was just 2.02%. For comparison, WPI ..
As per latest report on “South Asia Economic Focus, Exports Wanted” by World Bank (WB), India’s GDP growth is expected to accelerate moderately to 7.5% in FY 20 (2019-20) and will be driven by continued investment strengthening, particularly private-improved export performance and resilient consumption. As per report, Credit growth will benefit from relatively more accommodative ..
The Reserve Bank of India (RBI) has cut its repo rate under Liquidity Adjustment Facility (LAF) by 25 basis points to 6.0% in its first bi-monthly policy statement of the current financial year FY20, with immediate effect. The move will cheer markets and investors and is the second consecutive rate cut by the RBI. It ..
The Central Statistics Office (CSO) has recently released the First advance estimates of National Income for the current fiscal FY 19, under the Ministry of Statistics and Programme Implementation. In it, Indian economy is expected to grow at 7.2% in FY19, against 6.7% in FY18, due to improvement in the performance of agriculture and manufacturing ..
The Monetary Policy Committee (MPC) is the body of the RBI headed by its Governor. The body is responsible for taking the important monetary policy decisions for determining the repo rate. The Monetary policy committee is a statutory body established under the provisions of RBI act 1934. The functions of the committee are: The main ..
India Ratings and Research (Ind-Ra) has revised down India’s GDP growth to 7.2% for FY19 from 7.4% earlier in its latest report titled ‘Mid-year FY19 Outlook’. The key reason for this is the upward revision in the estimation of inflation for 2018-19 due to increasing crude oil prices and the government’s decision to fix the ..