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Economy

India has one of the highest unemployment rates in women

December 7, 2019December 8, 2019 - by Sayoni

News: According to the OECD Economic Survey of India report, India is one of the worst countries for working women. Facts: According to the report, India has the largest difference …

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Economy

India set to make modest recovery on reforms: OECD

December 6, 2019December 6, 2019 - by Abdul

News:The Organisation for Economic Co-operation and Development(OECD) has released its Economic Survey of India report. Facts: Report on GDP growth: The report has projected GDP growth in the current fiscal …

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Economy

Explained: Why the RBI refused to cut interest rates

December 6, 2019December 6, 2019 - by Abdul

News:The Monetary Policy Committee(MPC) of the Reserve Bank of India has decided to keep the repo rate unchanged at 5.15% in its fifth bi-monthly monetary policy statement. Facts: Issues before …

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Economy

RBI lays down guidelines for payments banks’ SFB licence

December 6, 2019December 6, 2019 - by Abdul

News:The Reserve Bank of India has released final Guidelines for the ‘on tap’ Licencing for Small Finance Banks(SFBs). Facts: About the Guidelines for ‘on-tap’ Licencing: The minimum paid-up voting equity …

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Economy

India’s forex reserves cross $450 billion for the first time

December 6, 2019December 6, 2019 - by Abdul

News:India’s foreign exchange reserves have crossed the $450-billion mark for the first time. Facts: Why has the reserves increased? The foreign exchange reserves have increased due to strong inflows which …

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Economy

Cabinet approves launch of Bharat Bond Exchange Traded Fund

December 5, 2019December 5, 2019 - by Abdul

News:The Union Cabinet has approved the launch of India’s first corporate bond Bharat Bond exchange-traded funds(ETF). Facts: About Bharat Bond ETF: Bharat Bond ETF would be the first corporate Bond …

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Economy

Development of Special Economic Zones(SEZs)

December 5, 2019December 5, 2019 - by Abdul

News:Minister of Commerce and Industry has informed Lok Sabha about the Special Economic Zones Act,2005. Facts: What are Special Economic Zones(SEZs): Special Economic Zone (SEZ) is a specifically delineated duty-free …

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Economy

Explained: What is GDP and why it matters

December 4, 2019December 4, 2019 - by Abdul

News:Recently,due to a decline in India’s Gross Domestic Product(GDP) growth rate,the ruling party has questioned the merit of the basic variable used to map economic growth that is, the GDP. …

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Economy

GST Council rings first alarm bells on revenue

December 4, 2019December 4, 2019 - by Abdul

News:The GST Council has written to states telling them that the GST and compensation cess collections are unlikely to be met this year. Facts: About GST Compensation Cess: A cess …

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Economy

To track economic offenders, India to collate e-database

December 2, 2019December 2, 2019 - by Abdul

News:The Central Government is preparing a comprehensive database of economic offenders called the National Economic Offence Records(NEOR). Facts: About National Economic Offence Records(NEOR): The National Economic Offence Records(NEOR) will be …

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