OPEN UP E-COM SERVICES: IAMAI
Why in news? The Internet and Mobile Association of India (IAMAI) on 20th April 2020 said it had requested the government to open up e-commerce services, adding that the…
U.S. OIL PRICES FALL BELOW ZERO, GOES TO MINUS $37.63 PER BARREL
Why in news? Traders fled from the expiring May U.S. oil futures contract in a frenzy, this led to sending the contract into negative territory for the first…
NO GREEN SHOOTS OF A REVIVAL IN SIGHT AS YET
Why is news? On February 28, as per its release calendar, the National Statistical Office (NSO) put out the third quarter gross domestic product (GDP) estimates, that is,…
MONETARY POLICY CAN’T COMBAT THE COVID-19 IMPACT
Why in news? The huge 50 basis points cut in rates by the U.S. Federal Reserve on 3rd March 2020, to lift economic sentiment hit by COVID-19 has…
BOTTOM OR MIRAGE?
Why in news? Official estimates of gross domestic product for the fiscal third quarter have pegged growth in the festival demand-filled October-November month period at 4.7%, a distinct slowdown from the…