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Economy
Economic Slowdown Likely to Deepen as Consumption Goes Down
New Delhi: Even as the Union Government has made a series of announcements that include relaxing foreign investment norms, concessions on vehicle purchases and encouraged banks to make loans cheaper to spur growth and recovery of economy,…
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Economic Slowdown: Union Govt Opens up 100% FDI in Coal Mining, 26% in Digital, Announces 75 New…
New Delhi: In a major decision the Union Government today announced that it has approved 100 percent Foreign Direct Investment (FDI) through the automatic route in coal mining, its sale and all its associated infrastructure
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RBI Approves Record Transfer of Rs 1.76 Lakh Crore to Govt
Mumbai: The Reserve Bank of India (RBI) will transfer ₹1.76 lakh crore to the government this fiscal, the central bank said after a board meeting. The move could enable the government to kick-start a much needed public spending push as…
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Five Trillion Economy: A Million Dollar Question
New Delhi: Prime Minister Narendra Modi wants India to be a Five Trillion Dollar economy by the year 2024. The year assumes significance because the same year he will seek reelection. Again he will get a chance to blow the economic trumpet…
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RBI Cuts Repo Rate by 35 Basis Points to 5.40%
Mumbai: The Reserve Bank of India (RBI) has slashed repo rate by 35 basis points to 5.40 per cent.
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VG Sidhharth’s Suicide Exposes Grim Debt Crisis & Gloomy Economic Affairs in India
New Delhi: The recent suicide of business tycoon VG Siddharta has once again brought the India’s grim debt crisis and perhaps gloomy Indian economy to fore once again.
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Worldwide Smartphone Sales to Decline 2.5% in 2019: Report
New Delhi: Worldwide sales of smartphones to end users will total 1.5 billion units in 2019, a 2.5% decline year over year, according to Gartner, Inc.
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GST Rate on All Electric Vehicles Reduced from 12% to 5%
New Delhi: The Goods and Services Tax (GST) Council on Saturday decided to reduce tax rates on electric vehicles and chargers from August 1.
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ADB Lowers India’s GDP Growth Forecast to 7% for FY20
The Asian Development Bank (ADB) on Thursday cut India's GDP growth forecast to 7 per cent for the current year due to the fiscal shortfall concerns
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IRDAI Changes Norms for Life Insurance Products, Reduces Minimum Death Benefit in Non-linked…
New Delhi: The Insurance Regulatory and Development Authority of India (IRDAI) has made certain changes in some of the key norms relating to life insurance products.
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