Economic Bytes: Rs 35,298 cr. in GST Compensation

Govt. releases Rs 35298 cr. in GST compensationApprox Read Time: 4 minutes In News: (Rs 35298 cr. in GST compensation) The central government has released Rs 35,298 crore to states to make up for the loss of revenue due to rollout of the Goods and Services Tax (GST). This was done shortly before the meeting of the GST Council, the highest decision-making body of the indirect tax regime. News Summary:…

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Economic Bytes: Boosting The Economy

PSBs disbursed over Rs 2.5 Lakh Crore loans in October - (Boosting The Economy) Approx Read Time: 3 minutes In News: Public sector banks (PSBs) disbursed loans totalling Rs 2.53 lakh crore in October as part of the massive outreach programme. Background: The RBI has cut interest rates five consecutive times to boost growth but banks have been slow in passing the benefits of rate cuts to customers. The government…

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Economic Bytes: (Economic Revival)

A road to economic revival runs through agriculture - (Economic Revival)Approx Read Time: 3 minutes Context: (Economic Revival) One of the world’s fastest-growing economies, India, is now facing sluggish growth, with the Reserve Bank of India sharply cutting GDP growth forecast to 6.1% for 2019-20, which is lowest in the last six years; there has been a sharp decline in the performance of key sectors. While some economists feel this…

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Economics Bytes: (Focusing Demand)

Why demand needs to be the focus? - (Focusing Demand) Approx Read Time: 4 minutes  In News: (Focusing Demand) A worryingly persistent slowdown dragged economic growth in India down to 5% in the fiscal first quarter, its weakest pace in more than six years. And while the recent weeks have seen the possible reasons for the slowdown, as well as the government’s policy measures to ostensibly help revive the economy…

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Economy Revival: (National Infrastructure Pipeline)

Published on 11-Sept-2019 - National Infrastructure Pipeline National Infrastructure Pipeline of Rs.100 Lakh Crore from FY 2019-20 to FY 2024-25 Approx Read Time: 7 minutes In News: Central government constituted a task force for drawing up a roadmap for ‘National Infrastructure Pipeline’ (NIP) of Rs.100 lakh crore from the financial year 2019-20 to 2024-25. The announcement came in wake of a slowdown in economic growth which slowed to a six-year…

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Economy Revival: (Bank Merger)

Published on 06-Sept-2019 Is Bank merger good or bad? Approx Read Time: 4 minutes Issue: While the deposits were coming in, these were not really being put to work. Most of the PSBs were left doing little other than the mandatory priority sector lending, and today, are slowly becoming irrelevant in the loan market. Banks have been ceding share to their private-sector competitors, both in the loans and deposits markets.…

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