Sign In
Learn bits
Economy
Mahesh

21/06/22 14:27 PM IST

Black swan event

In News 
  • A study by the Reserve Bank of India (RBI) has spoken about the possibility of capital outflows to the tune of $100 billion (around Rs 7,80,000 crore) from India in case of a major global risk scenario or a “black swan” event.
Black swan Event 
  • A black swan is a rare, unpredictable event that comes as a surprise and has a significant impact on society or the world.
  • These events are said to have three distinguishing characteristics – they are extremely rare and outside the realm of regular expectations; they have a severe impact after they hit; and they seem probable in hindsight when plausible explanations appear.
Source- Indian Express 

More Related Current Affairs View All

21 Aug

Promotion and Regulation of Online Gaming Bill, 2025

'The Lok Sabha recently passed the Promotion and Regulation of Online Gaming Bill 2025.' The bill encourages e-sports and online social games while prohibiting harmful online mo

Read More

21 Aug

Union Home and Cooperation Minister Shri Amit Shah introduces the Constitution (One Hundred and Thirtieth Amendment) Bill, 2025

'Union Home Minister and Minister of Cooperation, Shri Amit Shah  introduced the Constitution (One Hundred and Thirtieth Amendment) Bill, 2025, the Union Territories (Amendmen

Read More

20 Aug

How should toll collection practices be reformed?

'The Public Accounts Committee (PAC) of Parliament has proposed major changes to toll collection on national highways, including a recommendation to end the practice of perpetual t

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps