Since the spread of COVID-19 pandemic in the which not only burdened the medical infrastructure of the country, it also affected the countries economic wellbeing. Amid this, the RBI conducted its third review of the Monetary Policy. The article has highlighted all the measures which the RBI has taken to judiciously maximise the benefits of the underlying economic activity while addressing the growing inflation. This news is related to the topic, Indian economy of GS 3.
The national lockdown has brought the Indian economy to a standstill. Further, it seems that other the lockdown has also scrapped the concept of cooperative federalism. States have been left on their own to deal with the crisis. [Read More]
India’s forex reserves has reached $500 billion for the first time ever. India can cheer on atleast one front when the rest of the economy is at a standstill. The rise in forex reserves is [Read More]
The article highlights how GST has made the states of India dependent on the Centre. It also shows that due to the lack of revenue and the burden of beefing up COVID-19 medical infrastructure, it ultimately made the states desperate to generate revenue in this slowdown… [Read More]
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