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RBI Monetary Policy Committee Meeting: Key Highlights

December 4, 2020

The RBI recently held its Monetary Policy Committee meet. During the meet, the Reserve Bank of India has kept the repo rate unchanged at 4%. Repo rate is the rate at which RBI lends to banks. The Reverse Repo Rate ..

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Moody’s revises India 2020 GDP forecast to 8.9% contraction

November 12, 2020

Credit rating agency, Moody’s Investors Service has revised the Gross Domestic Product (GDP) forecast of India to -8.9 percent upwards for calendar year 2020 from the -9.6 percent contraction forecasted earlier. The agency forecasted in September 2020 that India’s GDP ..

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GoI to increase public health care expenditure from 1.15% to 2.5% by 2025

September 28, 2020

On September 27, 2020, the Union Health Minister Dr Harsh Vardhan announced that Government of India is to increase the health care expenditure in the country by 2.5% of GDP by 2025. Currently, the government is spending 1.15% of GDP ..

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Medium Term Growth in India to Remain Undisturbed: IHS Markit

July 23, 2020

A study published by IHS Markit has projected that the medium-term growth outlook for India is to remain favourable, even though the gross domestic product will tumble in the current financial year due to the coronavirus-induced recession in the country. ..

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GoI to increase Public Health Expenditure to 2.5% of GDP by 2025

July 14, 2020

On July 13, 2020, the 15th Finance Commission held a meeting with the Union Health Minister Dr Harsh Vardhan. It was decided at the meet that India will increase its public health expenditure to 2.5% of GDP by 2025. Highlights ..

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Uttar Pradesh: FRBM Ordinance, 2020

June 22, 2020

On June 22, 2020, the Uttar Pradesh Government announced that it will bring in an ordinance, “UP Fiscal Responsibility and Budget Management”, FRBM Ordinance, 2020. This is the second amendment being made to the act by the state government under ..

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Institute for Management Development releases World Competitive Index

June 16, 2020

The Institute of Management Development recently released the World Competitive Index. India ranked 43rd in the ranking. Highlights In 2019, India was at the 43rd ranking. Since 1989, India had ranked 41st in the World Competitiveness Ranking. However, it slipped ..

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COVID-19: Fifth Recession of India

June 16, 2020

Since Independence in 1947, India has faced four recessions. According to Reserve Bank of India (RBI), the recessions occurred in 1958, 1966, 1973 and 1980. Highlights Recession is defined as the fall in economic activities of the country along with ..

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GoI launches PM SVANidhi scheme

June 2, 2020

On June 1, 2020, Government of India launched the Pradhan Mantri SVANidhi Scheme for street vendors. The Union cabinet has cleared the credit amount for the scheme as well Highlights The PM SVANidhi or PM Street Vendors Atmanirbhar Nidhi is ..

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Finance Ministry begins Annual Exercise

May 13, 2020

On May 12, 2020, the Ministry of Finance announced that the government departments and ministries will review guarantees issued against loans issued by various government entities. Highlights The exercise is done to make sure that the borrower is discharging the ..

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