Economy

India in historic technical recession, RBI signals in first ever nowcast

Gross domestic product contracted 8.6% in the quarter ended September, the Reserve Bank of India showed in its first ever published ‘nowcast,’ which is an estimate based on high-frequency data. The economy…

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India’s Fiscal Deficit Rises to 115% of Budgeted Target

India’s fiscal deficit touched 115% of the budgeted target in the first half of 2020-21 to 115% of Budgeted target LEARNING FROM HOME/ WITHOUT CLASSES/ BASICS  Revenue Expenditure Refers to…

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RBI accepts Kamath Committee’s parameters on loan restructuring

The Reserve Bank of India(RBI) appointed expert committee on a resolution framework for bank loans stressed on account of the pandemic has outlined parameters to deal with 26 sectors effected…

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Transparent Taxation Platform

Prime Minister Narendra Modi launched a platform to honour and appreciate the honest taxpayers of the country. Transparent Taxation – Honouring The Honest’ platform will introduce reforms such as faceless…

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Agriculture Infrastructure Fund

The ₹1 lakh crore Agriculture Infrastructure Fund, a new financing scheme under, is  meant for setting up storage and processing facilities, which will help farmers get higher prices for their…

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First mega food park in Mizoram

Union food processing industries minister Harsimrat Kaur  Badal on Monday inaugurated Zoram Mega Food Park, the first in Mizoram LEARNING WITH TIMES/FROM HOME/WITHOUT CLASSES/BASICS The Scheme of Mega Food Park…

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Consumer Protection Act, 2019

The Consumer Protection Act,2019 comes in to force from 20 July with its salient features including the establishment of the Central Consumer Protection Authority (CCPA) to promote, protect and enforce…

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India’s forex reserves: Meaning, Significance

Recently India’s forex reserves recently crossed the $500-billion mark for the first time in history. In India, the Reserve Bank of India Act 1934 contains the enabling provisions for the RBI to…

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RBI cuts repo rate by 40 bps

The Reserve Bank of India has cut the repo rate by 40 basis points from 4.4% to 4%.  The reverse repo rate has been kept at 3.35% to maintain accommodative stance; Two key policy rates meant to tell the banks…

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Airport Authority of India announces Standard Operating Procedures’s for flights

The Airports Authority of India (AAI) issued Standard Operating Procedures (SOPs) for airports as the government announced resumption of domestic flights from May 25. Aarogya Setu mobile application is not mandatory for children…

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