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Latest Articles in economy

GST Rates Slashed For Furnaces, Ambulance, Covid-Essentials

Finance Minister today announced GST rate cuts in line with the GoM recommendations on a slew of Covid-essentials; vaccines would continue to attract 5 percent GST

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Inflow In Equity MFs At 14-Month High In May Amid Stock Mkt Rally

Outflow in the debt category was led largely by liquid funds, which saw a withdrawal of Rs 45,447 crore, followed by overnight funds at Rs 11,573 crore.

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Kolkata Port Handles First Cape Size Vessel Via Transloading

The port invested Rs 170 crore for transloading infrastructure which can carry out literage activities at Sagar Island and Sandheads from large vessels that cannot enter the riverine port directly.

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Crisil Cuts FY22 Growth Projection To 9.5 % On Hit To Pvt Consumption, Investment

The rating agency joins other watchers who have cut their FY22 growth projections, with some pegging it as low as 7.9 per cent.

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Social Forum That Teaches Stock Trading

StockGro Founder Ajay Lakhotia explains the raison d’etre of the social commerce platform for sharing stock trading ideas

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SBI Economists Cut FY22 GDP Growth Estimate To 7.9%; Recovery To Be 'W-Shaped'

The RBI has maintained its growth estimate at 10.5 per cent, despite the emergence of the second wave and may have a relook at the number at this week's policy review.

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Govt Extends Emergency Credit Line Guarantee Scheme Till Sep 30

In a related development, SBI, IBA held a press conference to explain the approach for restructuring loans

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Forex Reserves Hit Lifetime High, Rise USD 2.8 Bn To USD 592.894 Bn

The foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.

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Economy In Better Shape This Year As Compared To 2020, Says Revenue Secy

The RBI retained its growth forecast at 10.5 per cent for the current financial year, while ADB projected a growth rate of 11 per cent.

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COVID-19 Impact: Many Startups, MSMEs Stare At Closure, Says Survey

As per the report by Local Circles as many as 59 per cent of startups and MSMEs surveyed likely to scale down, shut down or sell themselves this year as they are facing a liquidity crunch.

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April Headline Numbers Deceptive; Economy In Trough As Consumer Sentiment Already Hit: Report

The optimism generated by this trend is limited, as eight of the 13 non-financial indicators in April remained below their pre-COVID-19, i.e. at April 2019 levels

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Rupee Snaps 3-Day Winning Streak, Drops 13 Paise To 73.18/USD

The domestic currency opened at 73.02 against the American currency, but pared the gains to close at 73.18, registering a decline of 13 paise over its previous close.

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Over 4.22 Lakh Homes In Top 7 Cities To Be Completed In 2021 May Face Delay

Investors interested in becoming economic citizens of St Kitts and Nevis can take advantage of the limited-time offer under the SGF, which enables families of four to obtain citizenship for US$150,000 rather than $195,000.

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Moody's Cuts India's Growth Forecast To 9.3 %, Risks Of Longer-Term Eco Scarring

'India is experiencing a severe second wave of coronavirus infections which will slow the near-term economic recovery and could weigh on longer-term growth dynamics.

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Mining, Construction Equipment Industry May Grow By 15-20% In 2021: ICRA

The economy in the grip of a pandemic could throw up sudden negative surprises, as witnessed in April 2021, when demand was relatively subdued.

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