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Latest Articles in economy

Forex Reserves Surge By USD 3.91 Bn To USD 588.02 Bn

The forex kitty had touched a lifetime high of USD 590.185 billion in the week ended January 29, 2021

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Impact Of COVID-19 Second Wave On Economy To Remain Muted: Finmin Report

Domestic financial conditions, nevertheless, continue to remain comfortable with RBI's support to liquidity, with open market operations worth Rs 3.17 lakh crore carried out in 2020-21

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‘Almost Everything Human(E) : The Price Of This Pandemic’

Not knowing how this pandemic will play out, it continues to hurt us and impairs our economic, physical and mental well-being. It is making many of us increasingly despondent, unhappy and lonely.

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RBI Gives Relief To Small Borrowers, Loans To Vaccine Makers, Hospitals

India added 3,82,315 virus cases over the last 24 hours to reach a total of 2.06 crore, while death toll rose by a record 3,780 to 226,188

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RBI Announces Loan Recast For Individuals, Small Biz; Fresh Lending To Vaccine Makers, Hospitals

RBI will buy Rs 35,000 crore of bonds under Government Securities Acquisition Programme (G-SAP) -- India's version of quantitative easing -- on May 20.

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PM Modi Holds Virtual Summit With British Counterpart Johnson; UK PM Announces 1bn Pounds Worth Of Trade, Investment

The package contains over 533 million pounds of new Indian investment into the UK, which is expected to create more than 6,000 jobs in vital and growing sectors such as health and technology, Downing Street said.

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Rupee Falls 24 Paise To 74.33 Against US Dollar In Early Trade

At the interbank foreign exchange, the domestic unit opened lower at 74.25 against the dollar, and lost further ground and touched 74.33, registering a fall of 24 paise over its previous close.

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FPIs Turn Net Sellers After 6 Months; Withdraw Rs 9,659 Cr In Apr Amid Second Wave Of COVID-19

The selling by FPIs is a near-term phenomenon and unlikely to pose a big risk as fundamentals of Indian equities continue to remain sound, Binod Modi, head strategy at Reliance Securities

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Second COVID Wave Will Dampen India Inc's Recovery: Report

A risk aversion among lenders could pose a challenge to credit growth, the agency said, pegging the credit growth for banks at 7.3-8.3 per cent and for non-banks at 7.0-9.0 for 2021-22.

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India's Tax Revenue Below Potential By About 4% Of GDP: NK Singh

The 15th Finance Commission report, tabled in Parliament in February, had highlighted that the actual tax collections by the Centre during the last ten years, on average, was 4 per cent less than what was budgeted.

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Upstox Targets 3-4 Times Growth In Customer Base In 2021

The simplicity of online trading platforms such as Upstox, with a flat-fee structure, simple interface, and hassle-free account-opening process has served as a driving force behind the entry of several first-time demat account holders.

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Gold Imports Surge To 160 Tonnes In March On Price Drop, Duty Cut: GJEPC

Gold prices have declined on an average to Rs 40,179 in March 2021, which is the lowest through the financial year from April 2020 to February 2021

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Pakistan's FDI Falls 35 % In Nine Months

The FDI had dropped by 30 per cent during the first eight months of the current fiscal, and due to the 40 per cent decline recorded last month, it has now fallen by 35 per cent after nine months

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Icra Cuts Its FY22 GDP Estimate By 0.5% , Sees Economy Expanding By 10.5 %

Starting with Maharashtra, a slew of other pockets in the country like Delhi have been taking to localised lockdowns to arrest the climbing COVID-19 cases, which derails economic activity.

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Ajay Seth Takes Over As New Economic Affairs Secretary

Appointments Committee of the Cabinet headed by the Prime Minister on April 6 appointed Seth as the new Economic Affairs Secretary.

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