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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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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

Economic Bytes: Decline in NPAs after 7 years

Decline in NPAs after 7 years Approx Read Time: 8 minutes In News: (Decline in NPAs after 7 years) The Reserve Bank of India (RBI) has released its Report on Trend and Progress of Banking in India 2018-19. Progress Report: RBI Asset quality of scheduled commercial banks (SCBs) turns around after 7 years. Sector returned …

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Economic Concerns: GDP growth plunges to 4.5%

GDP growth plunges to 4.5%, lowest since 2012 Approx Read Time: 6 minutes In News: (GDP growth plunges to 4.5%) Growth in the gross domestic product (GDP) in the July-September quarter hit a 25-quarter low of 4.5%. The previous low was 4.3 percent during January-March 2012-13. The growth rate has now slowed for the sixth …

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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 …

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