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Fifteenth Finance Commission to assess impacts of COVID-19
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 ..
Month: Current Affairs - April, 2020
AIIB to finance 500 million USD projects to strengthen National Health Care Systems
The Asian Infrastructure Investment Bank is to finance 500 million USD projects in India to help the country improve its health care systems. AIIB is currently doubling its funds under COVID-19 Crisis Recovery Facility. Highlights The funding is to be ..
Month: Current Affairs - April, 2020
International Monetary Fund predicts India’s Growth Rate at 1.9%
Following the World that set India’s Growth rate between 1.5% and 2.8%, the International Monetary Fund has set growth rate of India at 1.9%. On April 14, 2020, the IMF released its report predicting growth rate of the country at ..
Month: Current Affairs - April, 2020
World Bank: India is expected to grow at 1.5% to 2.8%
On April 13, 2020, the World Bank released its report “South Asia Economic Focus”. According to the report, the Indian Economy is expected to grow at 1.5% to 2.8%. Key Highlights of the report The report says that India’s growth ..
Month: Current Affairs - April, 2020
United Nations predict India’s GDP at 4.8%
On April 9, 2020, the United Nations released a report on Economic and Social Survey of Asia and Pacific (ESCAP), 2020. Highlights According to the report, the economic growth rate of India stood at 5% in 2019-20. It has forecasted ..
Month: Current Affairs - April, 2020
World Bank: 11 million to enter poverty in Pacific and East Asia
On March 31, 2020, the World Bank announced that around 11 million are to enter poverty in Pacific and East Asia due to the spread of COVID-19. The virus has affected more than 780,000 and has so far killed more ..
Month: Current Affairs - April, 2020
World Bank’s Global Economic Prospect: World Economic Growth projected at 2.5%
On January 9, 2020, the World Bank released its Global Economic Prospect. According to its forecast, the world is expected to grow economically at the rate of 2.5%. This is the lowest prediction since that predicted in 2008-09, 3.1%. By ..
Month: Current Affairs - January, 2020
India will overtake Germany; Become 4th largest economy in the world in 2026
According to a report released by UK based Centre for Economics and Business Research (CEBR), India will overtake Germany in 2026 to become the world’s fourth largest economy. The report also said that by 2034, India will overtake Japan and ..
Month: Current Affairs - January, 2020
Finance Minister announces 102 lakh crore rupees project
On December 31, 2019, Finance Minister Nirmala Sitaraman announced 102 lakh crore worth projects to be implemented in next 5 years. During the announcement, she also released the report of Task Force on National Infrastructure Pipeline for 2019-2025. Highlights The ..
Month: Current Affairs - January, 2020
UNDP Report: India ranks 129 in Human Development Index
The United Nations Development Programme released the Human Development Index for 189 countries on December 9, 2019. The rankings were listed by the report titled “Beyond Income, Beyond Averages, Beyond Today: Inequalities in Human Development in 21st century”. India ranked ..