Keynesian economics Current Affairs, GK & News
As part of efforts to get the slowing down economy back to the track of growth, the Ministry of Finance has announced steps to help the nearly stalled real estate sector and increase India’s exports. Housing Sector Setting up of a Rs 20,000 crore fund (Rs 10,000 crore from Government and roughly same amount from ..
Category: Government Schemes Current Affairs
In its annual report for 2018-19, the Reserve Bank of India (RBI) has stated that the lack of domestic demand is holding back the animal spirits in the economy and emphasized the need to revive consumption demand and private investment during 2019-20. The report claimed that the economy is undergoing a cyclical slowdown rather than ..
Rating agency CRISIL has slashed India’s growth forecast to 5.5%. It is the second cut for fiscal 2013 estimate. Earlier, the agency had cut GDP growth to 6.5%. Deficient rainfall and worsening Eurozone situation are the main causes behind the decline. As per CRISIL, the sluggish growth is expected to put pressure on government finances. ..