Economy Updates: Exports dive 35%, biggest monthly drop since 1991

Indian Exports dive 35%, biggest monthly drop since 1991Approx Read Time: 4 minutes Indian Exports dive 35%, biggest monthly drop since 1991 In News: The coronavirus pandemic has impacted the overseas demand for Indian products. In March 2020, India’s exports contracted by 34.5% which is the steepest monthly fall in at least 25 years. Steep Fall in Exports: The latest data released by the commerce department has estimated exports at…

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Manufacturing activity reaches a near 8-year high in January

Indian EconomyApprox Read Time: 5 minutes In News: Indian Economy The country’s manufacturing sector activity climbed to a near eight-year high in January. News Summary: The IHS Markit India Manufacturing PMI rose to 55.3 in January (from 52.7 in December), its highest level in just about eight years. January saw growth of new business, output, exports, input buying and employment gather speed. The survey showed that business sentiment strengthened. About:…

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Economic Bytes: India climbs Business Ranking

India climbs 14 notches in ease of doing business ranking Approx Read Time: 5 minutes  In News: (India climbs Business Ranking) India improved 14 rungs in the World Bank’s Ease of Doing Business 2020 survey to stand at 63, among 190 countries. The indicator measures the performance of countries across 10 different dimensions in the 12-month period ending May 1, 2019. Government Infographics News Summary: As per the Doing Business…

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Economy Concerns: (MGNREGA)

Published on 19-Sept-2019 - MGNREGA Injecting money to 'MGNREGA' to hike incomes Approx Read Time: 5 minutes In News: Central government has decided to inject more money into the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme by linking wages under the Act to an updated inflation index, which will be revised annually. News Summary: The Ministry of Statistics and Programme Implementation and the Labour Bureau had already started…

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Motihari to Amlekhjganj Pipeline

Published on 12-Sept-2019 - Motihari to Amlekhjganj Pipeline Inauguration of "Motihari-Amlekhganj Pipeline" (Nepal) by PM and PM Oli of Nepal (Motihari to Amlekhjganj Pipeline ) Approx Read Time: 5 minutes  In News (Motihari to Amlekhjganj Pipeline): PM Modi and PM Oli of Nepal, on 10 Sept., jointly inaugurated a cross-border petroleum products pipeline via video conference. It is South Asia’s first cross-border petroleum products pipeline from Motihari in India to…

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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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Economy Bytes: (FinTech)

Published on 03-Sept-2019 - FinTech FinTech ReportApprox Read Time: 5 minutes In News: The Steering Committee on FinTech related issues constituted by the Ministry of Finance, Department of Economic Affairs, on 2nd September, submitted its Final Report to Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman in her office in New Delhi. The Committee was constituted in pursuance to the announcement made by the Union Minister of Finance and…

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