The IMF has recently discarded its previous forecasts of growth, globally as well as of individual countries. It has also said that the economic fallout of the current crisis would be severe. The Chief Economist of the IMF has advocated ramping up a broad-based and coordinated stimulus once the disease has been contained, a measure that would help avoid the errors of the Great Depression years when premature efforts to prune budget deficits prolonged the downturn.
The Prevention of Money Laundering Act (PMLA) is a comprehensive penal law designed to combat the risk of money laundering, particularly as it relates to the trade in illicit drugs. The Act was passed in [Read More]
Crude oil prices have fallen below $o due to the fall in demand. The fall in demand is because 4 billion people have gone into lockdown due to the pandemic. In the backdrop of this, [Read More]
The DRDO has developed a UV disinfectant tower for rapid and chemical-free disinfection of high infection-prone areas. The disinfectant tower can be used on high tech surfaces like electronic equipment, computers, and other gadgets in [Read More]
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