According to S&P global ratings Indian economy may contract by 5% due to effect of the pandemic, according to S&P there is a chance of another balance sheet recession in the country. This news is related to the topic, Indian economy of GS 3. This news is important for mains.
Relevance: The COVID-19 pandemic has paused the fast moving and the ever changing world. The pause affected the global economy to a level that experts are now comparing it to the Great Depression. Indian economy [Read More]
Recently the Cabinet has approved three schemes including a Production linked incentive scheme to boosts production of electronic goods in the country. This schemes has a total outlay of around 48000 crore . This news [Read More]
RBI Governor has recently advocated for international institutions like IMF for launching Currency swaps for countries effected by Corona virus. Details about Currency Swaps can be important for prelims. Click to read the article
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