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RBI extends fresh support of ₹50,000 crore to NABARD, NHB, SIDBI

The RBI on Wednesday announced various developmental and regulatory policy measures on liquidity management and support to targeted sectors, to help mitigate the impact...

RBI to set up panel to undertake comprehensive review of ARCs

In the latest Budget, Finance Minister Nirmala Sitharaman announced setting up of Asset Reconstruction Company and Asset Management Company to tackle stressed assets To...

FDI flows hit a record $72.12 billion in 10 months

But fresh foreign equity investments in Jan. 2021 fall sharply to $2.71 billion from $7.62 billion in Dec. 2020 Foreign Direct Investment (FDI) flows into...

Manufacturing activities in India eases in March; challenging times ahead: survey

The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) fell from 57.5 in February to a seven-month low of 55.4 in March ...

The Hindu Explains | How does China’s digital currency work?

How is legal tender issued by the central bank different from payments guaranteed by a third-party operator? The story so far: China in February...

GST mop-up hits a record in March

The indirect tax collections were 27% higher than that in March 2020. The gross GST collections in March hit a record of ₹1,23,902 crore,...

‘Economy, jobs to continue to bounce back this year’

India is much better geared to cope with the resurgence of COVID-19 cases and the economy as well as informal sector job creation is...

GST collections break record, hit almost ₹1.24 lakh crore in March

India’s gross GST collections in the month of March have hit a record figure of ₹1,23,902 crore, the Finance Ministry said on Thursday. This...

Government extends current foreign trade policy till September 30

On March 31, 2020, the government had extended the Foreign Trade Policy 2015-20 for one year till March 31, 2021, amid the coronavirus outbreak...

Petrol price cut by 22 paise, diesel by 23 paise

Petrol now costs ₹90.56 per litre in Delhi and a litre of diesel comes for ₹80.87 Petrol and diesel prices on March 30 were...

Govt unlikely to continue with zero-coupon bond route to recap PSU banks

The government is unlikely to take zero-coupon bond route to further recapitalise public sector banks after the Reserve Bank of India (RBI) expressed...

Banks to conduct special clearing operations for closure of govt accounts on Mar 31: RBI

"It is mandatory for all banks to participate in the special clearing operations on March 31, 2021.” Banks will conduct special clearing operations...
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