Page-6 of Inflation
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 ..
Month: Current Affairs - April, 2020
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 ..
Month: Current Affairs - November, 2019
Ind-Ra lowers India’s GDP growth forecast in 2019-20 to 6.1% from 6.7% in August 2019
India Ratings and Research (Ind-Ra), a part of Fitch group has lowered India’s gross domestic product (GDP) forecast for financial year (FY) 2019-20 to 6.1%. This was second downgrade in the last two months. Earlier in August 2019, Ind-Ra had ..
Month: Current Affairs - October, 2019
5% additional Dearness Allowance approved
Additional installment of Dearness Allowance and Dearness Relief was approved by the Union Cabinet on October 9, 2019. According to the approval, the central government employees are provided with a increase of 5%. Currently it is 12% of the basic ..
Month: Current Affairs - October, 2019
Reserve Bank of India (RBI) cuts its key lending rate
As per 4th bi – monthly Monetary Policy Statement for 2019-20, the Reserve Bank of India (RBI) has cut its key lending rate — repo rate – by 25 basis points to 5.15% in an effort to boost a sluggish ..
Abdalla Hamdok takes charge as new Prime Minister of Sudan
Prominent economist Abdalla Hamdok has taken charge as the new Prime Minister of Sudan and vowed to work towards ending the country’s economic crisis and establishing peace. In his new role, Hamdok will be tasked to deal with Sudan’s mounting ..