Image for representation. The central bank has “predicted” that the Gross Domestic Product (GDP) for the July-September quarter is set for a contraction of 8.6 percent. News18.com Last update: November 12, 2020 12:14 PM IST FOLLOW US: For the first time in history, India’s economy entered a “technical recession” in …
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Rendering image The cabinet led by Prime Minister Narendra Modi today announced Rs 2 lakh crore of production-linked incentives for 10 major manufacturing areas ahead of Diwali. The government said the move will help increase production, exports and employment in the country, supporting the Atmanirbhar Bharat. Union Minister Prakash Javadekar …
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The demonetization was an “attack” on corruption and black money that were rampant during the “lost decade” of the congressional-led UPA government, the BJP said on Sunday while attacking the opposition party for criticizing the move. On November 8, 2016, Prime Minister Narendra Modi announced the decision to ban all …
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By: Express Web Desk | New Delhi | Updated: November 8, 2020 4:52:23 pm Prime Minister Narendra Modi. (Source: video screenshot) Prime Minister Narendra Modi said on Sunday that the demonetization measure, when the Rs 1,000 and Rs 500 notes were scrapped in a sudden announcement four years ago, helped …
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The Turkish lira sank to another record low on Monday when Turkish President Recep Tayyip Erdogan called on the Turks to boycott French products, adding to a growing list of geopolitical disputes raising investor concerns. The Turkish lira weakened to a record low past 8.05 against the US dollar on …
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In a relief for borrowers at the start of the holiday season, the government announced on Friday night the waiver of interest on interest for loans of up to Rs 2 million regardless of whether the moratorium was applied or not. The Department of Financial Services issued operational guidance in …
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The global dirty money watchdog decides to keep Pakistan on its watch list despite Islamabad’s progress in complying with international terrorist financing standards. Pakistan will remain on a terrorist financing watch list until it fully implements a set of preventive guidelines, a global watchdog said, urging Islamabad to improve financial …
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NEW DELHI The next round of economic stimulus measures could focus on infrastructure projects that can be implemented quickly and can make the economic recovery sustainable, said Rajiv Kumar, vice chairman of the federal policy think tank NITI Aayog. Kumar said in a webinar organized by the Public Affairs Forum …
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Days after the Union’s finance minister, Nirmala Sitharaman, said that the option of another fiscal stimulus for the current financial year remains open, a senior adviser said the ministry is working on such a package. “The Finance Minister, in her interaction a day ago, mentioned that (about the increase in …
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NEW DELHI: Days after Finance Minister Nirmala Sitharaman said the government remains open to the idea of another round of fiscal stimulus to help revive the pandemic-hit economy, a senior Finance Ministry official said the Wednesday that another aid package is in the works. Economic Affairs Secretary Tarun Bajaj said …
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