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Editorial Analysis: Construction and manufacturing could be our growth propellants

Boosting India's GrowthApprox Read Time: 5 min Boosting India's Growth India needs fast growth to create large number of jobs: India needs to create 90 million non-farm jobs over the next decade.This require an average annual gross domestic product (GDP) growth of 8.0–8.5% over 2023 to 2030.Failure to achieve this growth momentum will mean a decade of missed opportunity. Construction and Manufacturing sectors will be important to achieve this: In…

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Indian spends 3.5% of avg daily income on food, New Yorker 0.6%: UN report

Cost of a Plate of Food ReportApprox Read Time: 2 min In News: World Food Programme (WFP) recently published the ‘Cost of a Plate of Food 2020’ report, on the occasion of World Food Day (October 16). About: Cost of a Plate of Food report The report highlights the impact of various factors on people's access to affordable food.It is published by the World Food Programme (WFP).It takes an estimated per…

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FDI blooms in COVID-19 gloom

FDI InflowsApprox Read Time: 4 min FDI Inflows In News: Foreign direct investment (FDI) inflows into India in the first five months of financial year 2020-21 have hit a record high. News Summary: Foreign direct investment (FDI) inflows into India in the first five months of financial year 2020-21 (starts in April) have hit a record high, despite a sharp 60% contraction in the first quarter.The Commerce and Industry Ministry…

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RBI offers on-tap TLTRO worth Rs 1 lakh crore, OMOs for state bonds to keep lid on yields

Improving liquidity through TLTRO/OMOApprox Read Time: 6 min In News: While keeping the key policy rates unchanged, the RBI has announced various measures to bring more liquidity in the financial markets, keep bond yields under control, and improve availability of debt to specific sectors. Improving liquidity through TLTRO/OMO Measures announced: On-tap TLTRO to improve liquidity:The RBI has introduced on-tap targeted long-term repo operations (TLTRO) of Rs 1 lakh crore for providing additional…

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IEA: India will lead global recovery in energy demand
World Energy Outlook 2020

IEA: India will lead global recovery in energy demand

World Energy Outlook 2020Approx Read Time: 3 min World Energy Outlook 2020 In News: The International Energy Agency (IEA), recently released the World Energy Outlook (WEO) 2020.The World Energy Outlook 2020, focuses on the important period of the next 10 years, exploring different pathways out of the pandemic. About: World Energy Outlook The annual World Energy Outlook is the International Energy Agency's flagship publication, widely recognised as the most authoritative source for…

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What IMF data say about per capita GDP of India and Bangladesh

World Economic OutlookApprox Read Time: 2 min World Economic Outlook In News: According to the IMF’s World Economic Outlook 2020 report, India will fall below Bangladesh in terms of per capita gross domestic product in 2020.The IMF has projected the Indian economy to contract by 10.3% in 2020-21 and the global growth is projected to contract by 4.4 per cent.India’s per capita GDP is expected to fall to $1,877 in 2020 from $2100 in 2019, a decline of…

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Centre gives in, says will borrow to make up for states’ GST shortfall

GST ShortfallApprox Read Time: 4 min GST Shortfall In News: In a change from its earlier position, the Finance Ministry has said that the Centre would borrow from the market to pay the GST compensation shortfall of Rs 1.1 lakh crore to states.This change comes after the Goods and Services Tax (GST) Council had failed to reach an agreement on the issue of borrowings to meet the shortfalls in compensation cess collections. News…

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Wholesale inflation at 7-mth high on soaring food prices

Wholesale Price IndexApprox Read Time: 3 min Wholesale Price Index In News: Inflation based on the wholesale price index (WPI) accelerated to a seven month high of 1.3% in September. News Summary: Wholesale inflation, as measured by the wholesale price index (WPI), accelerated to a seven month high of 1.3% in September.In comparison, wholesale inflation was 0.3% in September 2019 and 0.2% in August 2020.Inflation in the manufactured products category…

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