Category: Economy News
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ADB estimates, Indian economy will decline by 9 percent in 2020-21
(Priyanka Gupta, Intern Journalist)New Delhi: The Asian Development Bank (ADB) has forecast a nine percent decline in the Indian economy in the current financial year 2020-21. In the Asian Development Scenario (ADO) -2020 update released by ADB on Tuesday, it has been said that economic activity has been badly affected due to Coronavirus in India.…
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Corona may cause 150 million population to become extremely poor by 2021,
(Harleen Kaur, Intern Journalist) The corona epidemic is wreaking havoc in the world. According to John Hopkins University, so far, 3.58 crore cases of corona have been reported worldwide, 10 lakh 49 thousand 483 people have died from the corona. No vaccine has yet been introduced by Corona. All the major economies of the world…
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Poor become poorer, and richer become richer
(Harleen Kaur, Intern Journalist) Despite the Covid-19 epidemic, a wealth of weather around the world reached record highs. This has been said in the reports of UBS and PwC. According to this report, the wealth of the world’s richest people crossed the $ 1 trillion mark due to share price and growth in the technology…
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Good news for the economy, an increase in export orders
(Deepshikha Gautam, Intern Journalist) New Delhi: There is good news for the economy on the export front in the country amid the Corona crisis. Exporters are getting 20 percent more orders for the upcoming October-November compared to the previous 5 months. According to exporters, the level of new orders is around the pre-Corona period and…
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These 10 rules will change from October 1
(Deepshikha Gautam, Intern Journalist) New Delhi: Many things are going to change every day from the 1st of October, amid the ongoing Coronavirus in the country. Driving license – RC retention tension will end. Shopkeepers will not be able to sell old sweets. TCS will also be deducted from sending money out of the country…
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95 lakh pensioners took advantage of the scheme of the government
(Deepshikha Gautam, Intern Journalist) New Delhi: About 95 lakh people have taken advantage of the digital life certificate scheme launched by the central government for pensioners. The special thing is that during the Corona transition, the pensioners did not have to visit the offices to get this certificate. The biggest problem for pensioners remains to…
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Sen sex doubles century on the third day
Sensex up 233 points to 38,215 The Nifty traded at 68 points at 11,295 All the major sectors in NSE are in profit Mid and small caps on BSE are 1 percent plus (Milcah Anila, Intern Journalist) Vijayawada: For the third day in a row, the domestic stock markets opened briskly. At present, the Sensex is…
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Adani debunks GDP rhetoric
(Riya Singh, Intern Journalist): Billionaire Gautam Adani has debunked the narrow fixation on GDP numbers, saying fundamentals are intact and India will be the second-largest economy by 2050 and has an edge over global peers in terms of business opportunities. Speaking at the JP Morgan India Summit – Future in Focus, the Adani Group chairman…
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Announcement of 200 crore package for tea industry
(Pooja Dubey, Intern Journalist) The Assam government on Friday announced an incentive package of Rs 200 crore for the state’s tea industry, including a three-year exemption in agricultural income tax to promote the sector. Finance Minister Himanta Biswa Sarma said that the tea industry in the state has been going through a difficult phase for the last…
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Rupee falls sharply to a nearly one-month low against US dollar
(Rishitha Jaladi, Intern Journalist)Delhi: The Indian rupee today fell strongly against the US dollar amid an expansive reinforcing of the US money. The rupee tumbled to an almost one-month low of 73.94 against the US dollar at day’s low when contrasted with the past close of 73.57. Opening on the frail note at 73.82, the rupee…