Daily Current Affairs Quiz 2020<\/strong><\/a><\/p>\n\n\n\nKey-Points<\/h2>\n\n\n\n
The Members of the Advisory Council discussed the impact of the COVID-19 pandemic and the national lockdown on the Indian economy.<\/p>\n\n\n\n
The officials discussed the impact of the pandemic on financial institutions and business enterprises and the loss of global demand for Indian products because of a steep global recession.<\/p>\n\n\n\n
Discussions on measures to restore the supplies of intermediates and cash flows and the demand for output.<\/p>\n\n\n\n
Small scale enterprises were cash-starved even prior to the onset of COVID-19.<\/p>\n\n\n\n
The Council devised a support mechanism to help the activity levels and cash flows to overcome the economic issues caused by the COVID-19 pandemic.<\/p>\n\n\n\n
Currently, the activity levels and cash flows are affected, it is important that a support mechanism is devised to help them overcome this problem.<\/p>\n\n\n\n
To help Non-banking financial companies (NBFCs) which are also affected by the slowdown, the commission planned to deepen the NPAs in the financial sector and introduce measures to guarantee help.<\/p>\n\n\n\n
The council planned to seek Reserve Bank of India’s (RBI) help to ensure that financial institutions are well-capitalized.<\/p>\n\n\n\n
The finances of the Central and State Governments will be given adequate provision to largely help governments to manage cash-flow mismatches. It aims to ensure that the State governments get access to adequate funds to undertake their fight against the pandemic.<\/p>\n\n\n\n
The Council decided to support the revival of activity in different States which will be at a varied pace.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Economic Advisory Council of the Fifteenth Finance Commission will meet on 23-24 April, 2020. Daily Current Affairs Quiz 2020 Key-Points The Members of the Advisory Council discussed the impact of the COVID-19 pandemic and the national lockdown on the Indian economy. The officials discussed the impact of the pandemic on financial institutions and business […]<\/p>\n","protected":false},"author":404,"featured_media":29763,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1012],"tags":[],"class_list":["post-29762","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-april-2020"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/29762","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/404"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=29762"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/29762\/revisions"}],"predecessor-version":[{"id":29764,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/29762\/revisions\/29764"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/29763"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=29762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=29762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=29762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}