India could well be the fastest growing Asian economy in calendar year 2021 (CY21) if Nomura’s forecasts are to be believed. The foreign research and brokerage house expects the Indian economy, measured by gross domestic product (GDP), to grow at 9.9 percent in 2021, dwarfing China (GDP growth in 2021 …
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India’s inflation-targeting central bank postponed the inevitable walk down the path of normalization even though retail inflation remains uncomfortably high. But you won’t be able to do it for long. The decision to leave not only the official rates, but also the stance this time was expected. But what has …
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[ad_1] NEW DELHI: One day after Prime Minister Narendra Modi announced a stimulus of Rs 20 lakh crore, the government released on Wednesday more than Rs 5.5 lakh crore package as the first installment of the “atmanirbhar (self-sufficient) campaign” with a focus on MSMEs (micro, small and medium enterprises), seen …
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[ad_1] The story goes so far: In a bid to force a possible redemption of the mutual fund industry after implementing the Franklin Templeton Mutual Fund’s six-day loan scheme, the Reserve Bank of India (RBI) announced a special liquidity window on Monday. Rs 50 billion for mutual funds. Under the …
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[ad_1] The Reserve Bank of India (RBI) has indicated that it will relax banks in branch audit for 2019-20 as they face branch network management challenges due to blocking of the coronavirus. RBI Governor Shaktikanta Das met Saturday with the heads of major banks, both public and private, in two …
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[ad_1] Franklin Templeton Mutual Fund (MF) decided on Thursday to liquidate six of its debt schemes geared toward high-yield investments, with a combined asset base of Rs 25.856 billion, citing continued redemption pressure and lack of liquidity in the markets. of debt amid the coronavirus blockade and pandemic. According to …
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