Page-4 of Inflation
Asian Development Outlook
The Asian Development Bank recently released the Asian Development Outlook. Under its outlook, the Asian Development Bank projected that Indian economy is to contract by – 8% in the fiscal year 2020-21. Earlier it was estimated by the bank that ..
Month: Current Affairs - December, 2020
What is Repo Rate?
Repo rate is the rate at which the central bank lends money to the commercial banks in case of fund crunch. It is a tool used by the monetary authorities to control inflation. The Monetary Policy Committee (MPC) of the ..
Month: Current Affairs - December, 2020
WPI inflation at 1.48% in October 2020; Increased for third consecutive month
The Wholesale Price Index (WPI) increased to 1.48% in October 2020. This was the highest in the past eight months. Key Highlights The inflation rate based on WPI Food Index fell from 6.92% in September 2020 t0 5.78% in October ..
Month: Current Affairs - November, 2020
India Bans Export of all Varieties of Onion
Government of India have released a notification banning the export of all varieties of onions. The ban has been imposed three months after the central government made changes in the Essential Commodities Act, 1955. Why exports have been banned? There ..
Month: Current Affairs - September, 2020
Iran: New Currency introduced to tackle Inflation
The Iran Government has recently come up with the decision of changing the name of the its currency to toman. The unit of Iranian currency if Rial. According to the Iranian Government, one Toman is 10,000 rials. Highlights Gheran is ..
Month: Current Affairs - May, 2020
India Ratings expects FY21 GDP Growth to be the Lowest in 29 Years
India Ratings recently revised its economic growth estimate for the country to 1.9%- the lowest in nearly 3 decades. Recent Forecasts India Ratings has revised its prediction for the GDP growth of India from 3.6% in March to 1.9% for ..
COVID-19: Hike in Dearness Allowance for the year 2021 put on hold
The Government of India on April 23, 2020, put on hold to the hike in dearness allowance. This is being done by the union government to save Rs 1 lakh crore. Highlights The hold in the hike of dearness allowance ..
Month: Current Affairs - April, 2020
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 ..