Behest lending can give rise to a NPA problem

Source: Livemint Relevance: A lesson from the 2008 global financial crisis that can help India tackle post-pandemic situation better Synopsis: Aggressive lending to MSME sector can result in a NPA problem in the future. Background Response to 2008 financial crisis Central banks and governments across the developed world adopted extraordinary policy measures to avoid panic… Continue reading Behest lending can give rise to a NPA problem

Recession

News:The International Monetary Fund(IMF) has said that the world has entered into a global recession due to the coronavirus crisis. Facts: A recession is a period when economic activities are in a general decline typically accompanied by unemployment, falling income and consumer spending. To overcome recession, countries generally react by loosening their monetary policies by… Continue reading Recession