Business & Economy Current Affairs 2019

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Latest Current Affairs  about Business & Economy Current Affairs 2019, these articles on current events about Business & Economy  for IBPS, Banking, UPSC.Read and Download free  Business & Economy Current Affairs 2019 of  september that will help you prepare current affairs september for government examinationas.

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ADB Reduces India’s Growth Rate To 6.5% For 2019-20

    • The Asian Development Bank (ADB) has reduced India’s economic growth rate from 7 percent to 6.5 percent for the financial year 2019-20 .
    • Due to weak growth in the first quarter, the bank has reduced the growth rate, as the slowdown in consumption and investment activities has affected the manufacturing and services sector.

Source: Economic Times

CRISIL Revised India’s GDP Growth To 6.3% In FY 2020

    • Rating agency CRISIL revised India ‘s FY2016 GDP growth estimate to 6.3% . CRISIL has lowered its GDP growth forecast from 6.9% to 6.3%.  According to India’s first quarter growth rate, the growth was reduced by 25% from a 5% decrease.

 Important:

  • Managing Director & CEO of CRISIL: Ashu Suyash.
Source: The Economic Times

Ind-Ra Cuts GDP Growth Rate In FY20

    • India Ratings & Research has revised its projection of India’s GDP growth to 6.7% in FY 2019-20 . It has brought down the GDP growth rate from 7.3% to 6.7%.
    • This is expected to increase the GDP growth rate to 7.4% in the second half of FY 2019-20.
Source: The Hindu

Public Sector Banks To Organize ‘Loan Fairs’ In 400 Districts

    • Finance Minister Nirmala Sitharaman has announced that public sector banks will hold “loan fair” or “canopy meeting” in 400 districts . Meetings will be organized to provide loans to NBFCs and retail borrowers including homebuyers and farmers.

Source: The Economic Times

RBI Will Launch Mobile App For The Visually Impaired

The Reserve Bank of India (RBI) will develop a mobile application aimed at helping blind people identify currency notes . For this, RBI has selected Daffodil Software Private Limited

Important:

  • 25th Governor of RBI: Shaktikanta Das;
  • Headquarters: Mumbai;
  • Established: 1935, 1 April , Kolkata.
Source: The Economics Times

ADB Reduces India’s Growth Rate To 6.5% For 2019-20

    • The Asian Development Bank (ADB) has reduced India’s economic growth rate from 7 percent to 6.5 percent for the financial year 2019-20 . Due to weak growth in the first quarter, the bank has reduced the growth rate, as the slowdown in consumption and investment activities has affected the manufacturing and services sector.
Source: Times of India

SEBI Fined Aurobindo Pharma And Promoters For Insider Trading

    • The Securities and Exchange Board of India has imposed a fine of over Rs 22 crore on Aurobindo Pharma and its promoters . He has been punished for violating insider trading norms.
    • The regulator had investigated trading in the shares of Aurobindo Pharma Limited. SEBI found that these entities bought shares while being in the possession of UPSI related to Aurobindo, and made an illegal profit by selling their shares at a lower price prior to publication of unpublished price sensitive information (UPSI).

 Important:

  • SEBI Headquarters: Mumbai;
  • President: Ajay Tyagi.
Source: The Hindu
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