Page-3 of Inflation Current Affairs, GK & News
Iran: New Currency introduced to tackle Inflation
The Iran Government has recently come up with the decision of changing the name of the its currency to toman. The unit of Iranian currency if Rial. According to the Iranian Government, one Toman is 10,000 rials. Highlights Gheran is another new denomination. 100 Gheran makes a Toman. The new system was authorized by the ..
Month: Current Affairs - May, 2020
Category: International Current Affairs
Topics: 1979 Islamic revolution • Currency • Gheran • Inflation • Iran • Iran-Iraq • Rial • Toman • US-Iran
India Ratings expects FY21 GDP Growth to be the Lowest in 29 Years
India Ratings recently revised its economic growth estimate for the country to 1.9%- the lowest in nearly 3 decades. Recent Forecasts India Ratings has revised its prediction for the GDP growth of India from 3.6% in March to 1.9% for this fiscal year. This is the lowest in 29 years. The last time India saw ..
Category: Economy & Banking Current Affairs • Reports & Indexes Current Affairs
Topics: fiscal deficit • GDP growth • India Ratings and Research • Inflation
COVID-19: Hike in Dearness Allowance for the year 2021 put on hold
The Government of India on April 23, 2020, put on hold to the hike in dearness allowance. This is being done by the union government to save Rs 1 lakh crore. Highlights The hold in the hike of dearness allowance applies only to central government employees and pensioners. Currently, the central government employees are receiving ..
Month: Current Affairs - April, 2020
Category: India Nation & States Current Affairs
Topics: Central government employees • COVID-19 • CPI • Dearness allowance • Employees • Inflation • Second World War • Union Budget • World War II
RBI: CPI Inflation to ease from 4.8% to 4.4% in Q2
On April 9, 2020, the Reserve Bank of India projected that the consumer Price Index is to ease from 4.8% in Q1 to 4.4% in Q2 of the financial year 2020-21. Highlights The estimated easing of CPI implies that the aggregate demand will weaken further. RBI had reduced repo rate and cash reserve ratios during ..
Month: Current Affairs - April, 2020
Category: Economy & Banking Current Affairs
Topics: Cash reserve ratio (CRR) • Consumer Goods • Consumer Price Index (CPI) • Inflation • Inflation targeting • Medical devices • Monetary Policy review • Repo Rate • Reserve Bank of India (RBI)
FICCI study on Onion Price Rise: India should follow Israel, Brazil
India is witnessing price hikes in retail onion up to Rs 100 per kg currently in November 2019. Government had introduced the TOP-Tomato Onion Potato Scheme in 2018-19 Budget to address this problem. However, the scheme has not taken off well. The FICCI (Federation of Indian Chambers of Commerce and Industry) on Novmber 8, 2019, ..
Month: Current Affairs - November, 2019
Category: Reports & Indexes Current Affairs
Topics: Agriculture • Brazil • Climate-Resilient Agriculture • FICCI • Food Inflation • heavy rains • Inflation • israel • Monsoon • Onion Prices