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Economy

Moody’s Cuts India’s GDP Growth Forecast To 5.6% For 2019-20

November 15, 2019November 15, 2019 - by Abdul

News:Moody’s Investors Service has reduced India’s economic growth forecast to 5.6% for 2019 from 5.8% projected earlier. Facts: The growth forecast has been reduced due to investment-led slowdown that has …

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Economy

BHIM UPI goes global

November 15, 2019November 15, 2019 - by Abdul

News:Recently,to internationalize the BHIM UPI a pilot demo was conducted in Singapore with a live transaction at a merchant terminal at the FinTech Festival 2019.  Facts: The project is being …

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Economy

Over ₹5,000 cr dues declared so far under Sabka Vishwas Scheme

November 14, 2019November 14, 2019 - by Abdul

News:More than Rs 5,000 crore worth dues have been declared so far under the government’s ‘Sabka Vishwas Scheme’. Facts: About Sabka Vishwas Scheme: Government had announced the Sabka Vishwas legacy …

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Economy

Explained: What are negative interest rates and how do they work?

November 14, 2019November 14, 2019 - by Abdul

News:US President has criticized the US Federal Reserve for having increased the interest rates in the US economy thus undermining the competitiveness of the US firms and has called for …

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Economy

Government unveils draft e-commerce rules

November 13, 2019November 13, 2019 - by Abdul

News:Government has released the draft Consumer Protection (e-Commerce) Rules,2019. Facts: About the E-commerce rules: Unfair Trade Practices:The rules prohibit E-commerce firms from adopting unfair methods or deceptive practice that may …

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Economy

Explained: Why SBI expects India’s Q2 GDP to grow by just 4.2%

November 13, 2019November 13, 2019 - by Abdul

News:According to State Bank of India Ecowrap report,India’s GDP growth will slow down further in the second quarter(July to August),2019 to 4.2%. Facts: Highlights of the report: The report has …

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Economy

Govt. announces Steel Scrap Recycling Policy

November 9, 2019November 9, 2019 - by Sayoni

News: Ministry of Steel has issued the Steel Scrap Recycling Policy. Facts: Steel Scrap Recycling Policy Objectives: To promote circular economy in the steel sector. To promote a formal and …

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Economy

Parliamentary standing committee invites suggestions on ‘The Occupational safety, health and working conditions code, 2019

November 8, 2019November 8, 2019 - by Sayoni

News: The Occupational Safety Health and Working Conditions Code, 2019, has been referred by the Speaker to the Standing Committee on Labour headed by Bhartruhari Mahtab, for examination and report. …

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Economy

Khadi gets separate HS code

November 7, 2019November 7, 2019 - by Abdul

News:The Ministry of Commerce and Industry has allocated separate HS code for Khadi to boost exports of this signature fabric of India. Facts: About HS Code: HS stands for Harmonized …

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Economy

Asset Liability management(ALM) Framework for NBFC’s

November 7, 2019November 7, 2019 - by Abdul

News:The Reserve Bank of India(RBI) has introduced ‘liquidity management framework’ for Non-Banking Financial Companies (NBFCs). Facts: Why this framework? This framework is introduced due to liquidity crunch faced by some …

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