Category: Economy News
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No specific plan needed for invoking Resolution Framework: RBI
(Rishitha Jaladi, Intern Journalist)New Delhi: The Reserve Bank had declared a goal system to help the elements confronting monetary weight because of interruption in ordinary business movement under Covid pandemic MUMBAI: The Reserve Bank on Saturday said that borrowers selecting the goal of COVID-related focused on advances are not needed to present particular plans. In FAQs…
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Repo rate unchanged at 4%
Jagriti Rai (intern journalist), The repo rate unchanged at 4%. The RBI has maintained the status quo for the third time in a row. They have maintained an accommodative stance. Announcing the decision of the RBI governor, Shaktikanta Das said There will be no change in the repo rate or the reverse repo rate. The…
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RBI changed these rules related to money transactions,
(Aditya Shaw, Intern Journalist): The Reserve Bank of India (RBI) keeps on announcing any new facility to provide better facilities to the customers. Now RBI has made another big announcement for crores of customers. Since December, banks have changed an important rule related to money transactions. In October, the RBI announced that the Real Time…
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India has suffered more than Rs 10 lakh crore due to rising temperature!
(Deepshikha Gautam, Intern Journalist) New Delhi: One of the hallmarks of how indifferent we are to nature is the increasing temperature of the earth. Even a small increase in temperature can be harmful to a common person to estimate how harmful it can be. But now the G20 report card has revealed its very shocking…
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Vaccine: Nirmala Sitharaman Key statement
(Satya Havilah, Intern Journalist) New Delhi: As the country waits for the coronavirus vaccine, Union Finance Minister Nirmala Sitharaman has made a key announcement. The Finance Minister has announced Rs 900 crore for vaccine research and development in connection with the end of the Covid-19 epidemic. She revealed the funds on Thursday as part of…
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15 percent pay hike for bank employees
(Milcah Anila, Intern Journalist) New Delhi: A 15 percent pay hike will apply to public and private bank employees as per an agreement reached between bank employees and the Banks Association of India (IBA). With the pay hike for bank employees, banks will not have to bear the burden of Rs 7,900 crore annually. Employees…
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4 years after demonetization, cash continues to be used
(Riya Singh, Intern Journalist): Four years after demonetization, cash continues to be used for low-value transactions such as buying groceries and paying to domestic staff, according to the latest survey. In the past 12 months, among the top categories of purchases for which citizens paid the most amount in cash without a receipt were grocery…
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Economy will bounce back till next financial year: SBI chairman
(Aditya Shaw, Intern Journalist): In the midst of the Corona crisis, in October, all the indicators are telling that reformment in Economy has started. State Bank of India (SBI) chairman Dinesh Kumar Khara said that the economy will come back on track in the next financial year i.e. 2021-22. The economy will changeDinesh Kumar said…
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Economy may accelerate from next financial year: SBI chairman
Aatmja Kumari(Intern Journalist): The country’s economy, which is going through a slowdown due to the coronavirus pandemic, is expected to pick up from next business year. State Bank of India (SBI) chairman Dinesh Kumar Khara said this on Saturday. He said that after the Corona crisis due to a change in thinking, the economy will…
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Finance Minister to announce next economic stimulus package soon,
(Ritambhara, intern journalist) New Delhi: Department of Economic Affairs (DEA) secretary Tarun Bajaj said on Tuesday that Finance Minister Nirmala Sitharaman would soon announce the next set of economic stimulus packages. He said that the government is currently looking at the demands and comments from the industries. Bajaj said in a virtual media briefing, ‘We…