Page-5 of GDP

GoI announces Lock Down 4.0 with economic package of Rs 20 lakh crores

May 13, 2020

On May 12, 2020, PM Modi announced Lock Down 4.0 with new rules. He also announced an economic package of Rs 20 lakh crores to ease lives of people during fourth lock down. Highlights As lock down 3.0, comes to ..

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CRISIL pegged India’s Growth Rate for FY21 at 1.8%

April 30, 2020

CRISIL, the rating agency, recently pegged India’s growth rate at 1.8% for FY21- a downgrade from an earlier estimate of 3.5%. Recent Predictions CRISIL, the domestic rating agency, cut down its projections for economic growth in India for FY21 from ..

BRICS Foreign ministers to attend COVID-19 meeting

April 28, 2020

The foreign ministers of the BRICS grouping are to discuss on measures to combat COVID-19. External Affairs Minister Shri S Jaishankar is to represent India at the meet. Highlights The video conference is to be hosted by Russia as it ..

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India seeks help from IMF and World Bank to fill data gaps

April 27, 2020

The Government of India has approached multilateral organizations such as World Bank and International Monetary Fund (IMF) to find out methods that will help in preparing economic indicators such as retail inflation, industrial production and economic growth. Highlights In today’s ..

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Fifteenth Finance Commission to assess impacts of COVID-19

April 21, 2020

The Economic Advisory Council of the Fifteenth Finance Commission is to meet on April 23 and 24, 2020. The council is to discuss the impacts of COVID-19. Highlights A two-day meeting is to be held through video conference. The experts ..

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“Dekho Apna Desh”: A Webinar launched by Tourism Ministry

April 15, 2020

On April 14, 2020, the Ministry of Tourism launched “Dekho Apna Desh”. It is a webinar that caters in-depth information about tourist destinations in the country. It also provides details about culture and heritage of India. Highlights The first webinar ..

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Fishing and Aquaculture exempted from Lock Down

April 11, 2020

On April 11, 2020, the Ministry of Home Affairs, exempted fishing and aquaculture industries from Lock Down. Earlier, the agricultural activities were exempted. Highlights The operations such as harvesting, packaging, processing, cold chain, hatcheries, commercial aquaria, movement of shrimp have ..

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Finanance Commission: N K Singh Committee for a new Fiscal Consolidation Road Map

March 20, 2020

On March 19, 2020, the Finance Commission Constituted a committee under Shri N K Singh in order to build a fiscal consolidation road map for the centre and the states. Highlights The Finance Commission had submitted its first report to ..

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Corona Virus: US Federal Reserve reduces interest rate to 0%

March 16, 2020

On February 16, 2020, the United States Reserve Bank announced that the key interest rates are to be slashed to 0% to 0.25%. This is being done in response to growing impact of Corona Virus. Highlights This is the second ..

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India’s CAD narrows to 0.2% in December quarter

March 14, 2020

As per the recent notification of the Reserve Bank of India, Current Account Deficit (CAD) was 0.2% of GDP in December quarter when compared to 0.9% of GDP in the September quarter. It also stated that the CAD narrowed to ..