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Latest Articles in finance minister

FinMin Relaxes COVID-relief Material Import Norms For Indian Red Cross

The indirect tax body also noted that donations of COVID-related material and medicines from foreign governments, besides oxygen and related equipment, have also started arriving at Indian ports.

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Industry In Recovery Mode, Budget Proposals On Course: Sitharaman

A total of 3,14,835 fresh infections were registered in a span of 24 hours, while the death toll increased to 1,84,657 with a record 2,104 new fatalities.

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COVID: Finmin Asks States To Vaccinate Banking Staff On Priority Basis

The government decided to open COVID vaccination for all adults above the age of 18 years starting May 1 with the pandemic surging to record highs and fatalities rising with each passing day.

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FM Sitharaman Says Looking At How Best To Sort Out Cairn Arbitration

Cairn challenged the move before an arbitration tribunal in The Hague, which in December awarded it USD 1.2 billion (over Rs 8,800 crore) plus costs and interest, which totals USD 1.725 billion (Rs 12,600 crore) as of December 2020.

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FM Urges World Bank Group To Sustain Crisis Response To Mitigate COVID-19 Impact

The Government of India has taken several measures to contain the spread of the pandemic and also to mitigate its social and economic impact including a series of economic stimulus packages in the past one year

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Ensuring Universal Availability Of Vaccines, Ending Pandemic Should Be Key Priority For Global Community: FM

India has supplied 65 million made-in-India COVID-19 vaccine doses to 80 countries, including 10 million vaccine doses as grant

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FM Calls For Greater Coordination Among BRICS On IMF's Quota Review

Any adjustment in quota shares would be expected to result in increase in the voting rights of emerging countries in line with their relative positions in the world economy.

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Govt To Withdraw Cut In Interest On Small Savings: Finance Minister

Interest rate on Public Provident Fund (PPF) was reduced by 0.7 per cent to 6.4 per cent while National Savings Certificate (NSC) was to earn 0.9 per cent less at 5.9 per cent.

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Govt To Withdraw Cut In Rate On Small Savings Schemes: FM

The steepest fall of 1.1 per cent was effected in the one-year term deposit. The new rate was brought down to 4.4 per cent as compared to 5.5 per cent.

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Is Gold Losing Its Lusture ?

The total demand for gold in India dwindled by 35 percent in 2020 to 446.4 tonnes — lowest in the last 25 years — from 690.4 tonnes in 2019.

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“The Big Indian Pli Scheme –Will It Be An Elusive Dream For India’s Tv Manufacturers ?”

India is a very price-sensitive market, its noteworthy to mention that most of the 32inch smart TV that were available for anywhere starting Rs 10,000 onwards are already retailing upwards of Rs 14,000.

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Rajya Sabha Clears Bill To Raise FDI To 74% In Insurance Sector

Terming insurance as a highly regulated sector, she said that FDI limit is not a compulsion on companies, and that every promoter will take decisions as to what extent they want funding, within the FDI framework.

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How Germany Considered Rescuing Wirecard Days Before Its Doom

The payment company filed for insolvency on June 25 last year, owing creditors almost $4 billion, after disclosing a 1.9 billion euro ($2.3 billion) hole in its accounts that its auditor EY said was the result of a sophisticated global fraud.

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Efficient Management, Tech Use By Pvt Sector To Unlock Real Value Of Cpses Being Privatised: FM

The government has budgeted to raise Rs 1.75 lakh crore in the next fiscal beginning April 1 from the CPSE share sale, including strategic disinvestment and minority stake sale.

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Banks Unions Call For Two-Day Strike Against Proposed Privatisation Of PSBs

The government has already privatised IDBI Bank by selling its majority stake in the lender to LIC in 2019 and merged 14 public sector banks in the last four years.

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