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European Union Proposes 750 billion- euro COVID-19 recovery fund

16 hrs ago
The announcement by the European Union came as the 27- nation trading bloc has entered its deepest-ever recession as COVID-19 ravages the economies of the nations.

Worst recession hits India in the current fiscal year: CRISIL

1 day ago
As per CRISIL, in real terms there will be a permanent loss of about 10% Gross Domestic Products (GDP) which means that going back to the growth rates seen before the pandemic is highly unlikely in the next three fiscals.

India's steel output declines by 65 percent World Steel Association

2 days ago
India’s crude steel output declined by 65 percent from 9.02 million tonnes in April 2019 to 3.13 million tonnes in April 2020.

KKR-Reliance Jio Deal of Rs 11,367 crore for 2.32% stake: All you need to know

May 23, 2020
KKR-Jio Deal: Equity firm KKR to invest Rs 11,367 crore in Reliance Jio Platforms for 2.32% stake. This is fifth such deal in last 30 days after Facebook, Silver Lake, Vista and General Atlantic. Know everything here about KKR-Reliance Jio Deal.

Canara Bank announces credit support to borrowers affected by COVID-19

May 23, 2020
The bank has so far sanctioned nearly six lakh loans amounting to Rs 4300 crore under agriculture, SHGs and retail categories.

RBI Governor's address: Policy Repo Rate reduced from 4.4% to 4%, Reverse repo rate reduced to 3.35%

May 22, 2020
RBI Governor's address: The policy repo rate has been reduced by 40 basis points from 4.4 percent to 4 percent. The reverse repo rate has been reduced by 3.35 percent. 

Union Cabinet approves initiatives under Atma Nirbhar Bharat Abhiyan

May 21, 2020
The Union Cabinet has given its approval for the allocation of foodgrains from Central Pool to approximately 8 crore migrants and stranded migrants. 

Govt relaxes norms of Partial Credit Guarantee Scheme for HFCs, NBFCs

May 21, 2020
Finance Minister, Nirmala Sitharaman last week announced Partial Credit Guarantee Scheme 2.0 worth Rs. 45,000 crore for Micro Finance Institutions (MFIs) and Non- Banking Financial Companies (NBFCs).

NABARD releases Rs. 20,500 crore to co-operative banks and RRBs

May 20, 2020
The disbursed amount is part of the Rs. 25,000 crore which was a refinance facility provided by the Reserve Bank of India (RBI) to NABARD.

Privatisation of Non-Strategic PSUs: Government to retain 4 PSUs in Strategic Sectors; New CPSE Policy Soon

May 19, 2020
PSU Privatisation: Government to soon privatise PSUs in non-strategic sectors. Also, the strategic sectors in India will not have more than 4 CPSEs. All other sectors will be privatised. Check what are Strategic and Non-strategic Sectors PSUs and other details.

Nirmala Sitharaman Speech Day 5: Structural reforms announced for Health, Education, PSE sectors & state govts

May 17, 2020
PM eVIDYA - A programme for multi-mode access to digital/online education will be launched immediately.

What is Kisan Credit Card (KCC)?; How to apply online for it; Check Eligibility, Process & Features|UPSC

May 15, 2020
Kisan Credit Card: Know what is Kisan Credit Card Scheme, who can apply for KCC, how to apply for it online, what is the eligibility and its key features. The information is important for UPSC IAS 2020 exam.

India provided medical aid to over 120 countries for COVID-19: Piyush Goyal at G-20

May 15, 2020
Piyush Goyal participated in the second G-20 Virtual Trade and Investment Ministers meeting and stated that India has been sharing its medical and health expertise with other nations using digital technology.  

World Bank clears $1 billion loan for the social protection

May 15, 2020
World Bank’s support for social protection will be funded in two phases- an allocation of $750 million before the end of June 2020 and a second allocation of $250 million by June 2021.

Atmanirbhar Bharat Abhiyaan VS Economic Package of Other Countries for Coronavirus Stimulus|Imp for UPSC IAS

May 15, 2020
Atmanirbhar Bharat Abhiyaan economic package announced by PM Modi to revive Indian Economy. Know difference between COVID-19 Relief Economic Packages announced by India & Other Countries. The 20 lakh crore package is valued 10% of India's GDP in 2019-20. Check full details in context of UPSC IAS exam.

MSME New Definition: What is it; Check Difference between Old & New MSME; Measures Announced

May 15, 2020
MSME New Definition announced FM Nirmala Sitharaman to boost growth of small companies. Check what is new definition of MSME, know difference between old & new definition, along with its increased investment limits & turnover criteria. MSME full definition is Micro Small and Medium Enterprises.

KVIC issued new guidelines on PM Modi’s ‘vocal for local’ call

May 15, 2020
Prime Minister Narendra Modi appealed for encouraging the use of local products. With this, KVIC has been gearing up for ‘vocal for local’ and further plans on making KVIC ‘global’.

BRICS' Bank provides USD 1 billion loan to India to combat COVID-19

May 14, 2020
The 'Emergency Assistance Program Loan' to India was approved by the Board of Directors of the bank on April 30, 2020. 

What is Atmanirbhar Bharat Abhiyan? PM Modi unveils economic package worth Rs 20 lakh to revive Indian economy

May 13, 2020
PM Modi said that the economic package will play an important role in .paving the way for an Aatmanirbhar Bharat.

US CDC provides $3.6 million to India amid COVID-19 crisis

May 12, 2020
The initial funding by the US CDC will help to further strengthen and support the Indian government’s efforts to increase the laboratory capacity for COVID-19 testing.
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