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8
Dec
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TUM Global Dialogue Series 2022: Innovative approaches to Food security and Climate Change in India and Germany
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RBI
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24
Nov
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RBI/2022-23/139
(Delhi)
Modified Interest Subvention Scheme for Short Term Loans for Agriculture and Allied Activities availed through Kisan Credit Card (KCC) during the financial years 2022-23 and 2023-24
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24
Nov
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RBI/2022-23/140
(Delhi)
Inclusion of Goods and Service Tax Network (GSTN) as a Financial Information Provider under Account Aggregator Framework
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24
Nov
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RBI/2022-23/141
(Delhi)
Basel III Framework on Liquidity Standards – Standing Deposit Facility
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LIVE MARKET
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FTSE 100
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USD
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EURO
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GBP
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GOLD
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SILVER
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INDIAN ECONOMY
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The central banks of India and UAE are discussing a concept paper on promoting bilateral trade in rupee and dirham with a view to reduce transaction cost, a top official said on Friday.
India's Ambassador to the UAE Sunjay Sudhir said that the concept paper for trade in local currencies was shared by India...
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Cash is still king. Six years after demonetisation, the currency in circulation has jumped to a new high of Rs 30.89 lakh crore as of October 21, 2022, reflecting that cash still remains the preferred choice of payment for Indians. Compared with the pre-demonetisation period, it has increased by a massive 72 ...
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India wants to narrow its budget deficit by at least 50 basis points, according to people familiar with the matter, as authorities balance global investor scrutiny with the need for higher spending as the nation enters an election year. Finance Minister Nirmala Sitharaman will seek to shrink the shortfall to ...
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India is capable of generating a 9 per cent growth rate but in view of the geopolitical situation, we should be satisfied with a 6.5-7 per cent economic expansion, says Sanjiv Sanyal, member of the Economic Advisory Council to the Prime Minister.
India is following an “investment and export-driven growth m...
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With the demand for work under the Mahatma Gandhi National Rural Employment Guarantee Scheme (NREGS) continuing to be above the pre-pandemic level, the government has formed a panel to review the popular scheme with the intent to improve its efficacy in addressing poverty.
The panel would examine expenditu...
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The pace of economic growth is seen to have moderated in the July-September 2022 quarter as the base effect wore off but there continued to be strong pent-up domestic demand and higher capital spending by the government.
Most analysts have pegged GDP growth at about 6.5% for the second quarter of the fisca...
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MARKET & FINANCE
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In the second consecutive week of an increase in the kitty, India’s forex reserves have grown by USD 2.537 billion to USD 547.252 billion for the week ended November 18, the RBI said on Friday.
In the previous reporting week, the overall kitty had swelled by USD 14.721 billion in the highest weekly rise si...
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GLOBAL CORPORATE
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Jaguar Land Rover to cut production at its UK factories until spring reported The Guardian citing sources. The carmaker has reportedly decided to cut production at factories in Solihull & Halewood between January & March.
The auto industry globally has suffered from semiconductor shortages and supply issue...
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The US is banning the sale of communications equipment made by Chinese companies Huawei and ZTE and restricting the use of some China-made video surveillance systems, citing an “unacceptable risk” to national security.
The five-member Federal Communications Commission said Friday it has voted unanimously t...
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Foxconn's flagship iPhone plant in China is set to see a further reduction in November shipments after the latest bout of worker unrest this week, a source with direct knowledge of the matter said on Friday, as thousands of employees quit.
The world's largest Apple iPhone factory has been grappling with st...
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Amid all the chaos around Twitter's $8 Blue service, Chief Executive Officer Elon Musk has devised another plan for the subscription model that is likely to be rolled out in the coming weeks. He says, there will be 3 check marks from now on - Gold, Grey and also the Blue- to identify different kinds of users ...
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Banking
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The banking sector seems to be well placed to deal with a likely double-digit credit growth cycle, say analysts. With the problem of asset quality receding in the past few quarters, things are looking up for the sector.
The sector has cleaned up its books significantly. And the cycle of non-performing asse...
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The Reserve Bank of India (RBI) has permitted banks to open 12 special "vostro accounts", to facilitate import-export trade in the rupee, the apex bank's executive director Deepak Kumar said on Friday.
The RBI had earlier allowed two Indian lenders — UCO and IndusInd Bank — to open nine special vostro acco...
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PRE-BUDGET
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The railways will likely seek gross budgetary support (GBS) of around Rs 1.5 trillion for 2023-24, up from the outlay of Rs 1.37 trillion for the current fiscal year, according to an official source.
The GBS is one of the main sources for capital expenditure for the national transporter, which barely makes...
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GLOBAL ECONOMY
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| Trade Report |
| Country |
Month |
Link |
| Switzerland |
July 2019 |
Click |
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Private-sector activity in the euro area’s top two economies contracted in November, painting a bleak picture for a region that’s probably already in recession.
S&P Global’s flash purchasing manager index for France dropped to ...
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The US Federal Reserve released the minutes of the FOMC (Federal Open Market Committee) on Thursday, sparking expectations of a cool-off in the aggressive rate hikes. The US Fed, since March, has hiked the interest rate by 375 bas...
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Singapore’s economy is likely to face persistent pain from global financial concerns, even though the country’s core inflation eased somewhat in October.
The Monetary Authority of Singapore warned of prolonged risk factors pili...
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Black Friday may offer an opportunity to bag a bargain ahead of the festive period, but many shoppers will be expecting retailers to cut prices by a greater margin this year as they tighten their belts amid a worsening cost-of-liv...
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INDIAN CORPORATE
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A little over two years after starting it, Amazon is shutting down its food delivery service from December 29, according to a communication sent by the e-commerce firm to its restaurant partners in the country.
“This decision m...
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The Board of Adani Enterprises (AEL) on Friday approved the raising of Rs 20,000 crore in the country’s largest follow-on public offering (FPO) of new shares, beating Yes Bank’s Rs 15,000-crore issue in 2020.
The proposed fund ...
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In a sign of his vaulting international ambition, Adani Group chairman Gautam Adani has said that he wants to build a global news brand, bid for power projects in Israel, launch a super app in India and invest over $4 billion in a...
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Innovation of new products is one of the key enablers for growth for Tata Consumer Products going ahead, and the company has set a target of achieving 5% of sales through innovation in the next two-three years, said Vikas Gupta, h...
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India plans to sell small stakes in state-run firms including the world’s biggest coal miner Coal India Ltd and Asia’s largest zinc producer Hindustan Zinc Ltd, to ride a stock market boom and boost revenue in the final quarter of...
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HDFC Bank expects to amalgamate its home loan major parent HDFC into itself by September next year, a top official said on Friday.
Both HDFC and HDFC Bank held general meetings on Friday to seek shareholder approvals for what is ...
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COMMERCIAL LAW
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The Union government plans to introduce a new system for company registrations in a month that will replace filing over 50 forms in portable document format (PDF) with web-based ones to transform the compliance and statutory filin...
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SEBI
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The Securities and Exchange Board of India (Sebi) has brought mutual funds under the ambit of insider trading regulations through a gazette notification on Thursday.
Until now, such rules applied only to securities of listed co...
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