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Explaining: Economic Survey 2019-20

Economic Survey 2019-20 Approx Read Time: 25 minutes Economic Survey on various sectors/themes NOTE: a 10% increase in new firms in a district yields a 1.8% increase in Gross Domestic District Product (GDDP) Essential Commodities Act: Also Read: Budget 2020-21 Summary Like us on Facebook: Best GS Bytes

Budget 2020-21 Summary

Budget 2020 Explained Approx Read Time: 35 minutes  General Highlights: Budget 2020 Lower personal income tax rates Hike in the deposit insurance cover for bank depositors (from Rs 1 lakh to Rs 5 lakh) Listing the Life Insurance Corporation of India Abolishing the Dividend Distribution Tax Boosting farm incomes and the rural sectors: To boost …

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Can drugs for Ebola be used to treat COVID-19?

Ebola drugs for COVID-19 Approx Read Time: 6 minutes Context: What are the medicines being considered for the novel coronavirus pandemic? Background: Ebola drugs for COVID-19 Globally unknown till under 200 days ago, the virus, SARS-CoV2, has today, according to the WHO, caused the world’s largest pandemic. Over half a million people are under lockdown, …

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National Concerns: Bumper crop amid lockdown, multiple challenges

Bumper crop amid lockdown Approx Read Time: 5 minutes In News: The prospects of a bumper rabi crop amid the country wide lockdown might further add to the problems of the farmers, if adequate steps are not taken to mitigate these issues. Crisis of a bumper harvest: Farmers are currently about to harvest —if they …

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RBI is trying to reduce pandemic stress

RBI aiding fight against COVID-19 Approx Read Time: 6 minutes In News: RBI aiding fight against COVID-19 Amid the lockdown caused by the COVID-19 outbreak, the Reserve Bank of India has used a variety of weapons to counter the distress due to the sudden and sharp destruction of demand. Aim: The measures are aimed at …

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Donald Trump signs $2 trillion coronavirus stimulus bill

Coronavirus stimulus package Approx Read Time: 4 minutes In News: President Donald Trump has signed into law, a historic $2 trillion stimulus package (about INR 150 lakh cr) as the American public and the US economy fight the devastating spread of Covid-19. The far-reaching legislation stands as the largest emergency aid package in US history. …

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Centre rolls out Rs 1.7-lakh-crore lockdown package

Lockdown package of 1.7 lakh crore Approx Read Time: 6 minutes In News: The Union government has announced Prime Minister’s Garib Kalyan Yojana worth Rs 1.7 lakh crore in a bid to cushion the most vulnerable from the impact of the coronavirus lockdown and economic disruption caused by the disease. The package is 0.8% of …

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