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#economicPolicy

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Rediff News
Government's endeavour is to promote the private sector: Modi

Government's endeavour is to promote the private sector: Modihttp://rediff.ly/oymb7

Prime Minister Narendra Modi on Friday stressed on increasing credit flow to businesses to meet the needs of a fast... Read more »»

Rediff News
Government's endeavour is to promote the private sector: Modi

Government's endeavour is to promote the private sector: Modihttp://rediff.ly/oymb7

Prime Minister Narendra Modi on Friday stressed on increasing credit flow to businesses to meet the needs of a fast reflating economy and said financial products will have to be tailor-made for fintech and startups. He said that although the government's endeavour is to promote the private sector, public sector presence in banking and insurance is also required.

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Government's endeavour is to promote the private sector: Modi
Posted : 2 days ago
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Rediff News
RBI's asset purchases did not dilute its balance sheet: Das

RBI's asset purchases did not dilute its balance sheet: Dashttp://rediff.ly/oy3rd

Reserve Bank Governor Shaktikanta Das on Thursday said the central bank's asset purchases, aimed at mitigating... Read more »»

Rediff News
RBI's asset purchases did not dilute its balance sheet: Das

RBI's asset purchases did not dilute its balance sheet: Dashttp://rediff.ly/oy3rd

Reserve Bank Governor Shaktikanta Das on Thursday said the central bank's asset purchases, aimed at mitigating COVID-19-related liquidity stress in the system, did not dilute its balance sheet or compromise on core principles of central banking. In the wake of the pandemic, the RBI undertook several conventional and unconventional measures. "Unlike many central banks, the RBI's asset purchases did not dilute its balance sheet and hence, did not compromise on core principles of central banking," Das said while addressing an event organised by the Bombay Chamber of Commerce. These purchases were confined to risk-free sovereign (government) bonds including state government securities only, he said.

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RBI's asset purchases did not dilute its balance sheet: Das
Posted : 3 days ago
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Retirement age of TN govt employees enhanced to 60 yrs

Retirement age of TN govt employees enhanced to 60 yrshttp://rediff.ly/oxwdu

The Tamil Nadu government on Thursday enhanced the retirement age of its employees, including teachers and PSU staff,... Read more »»

Rediff News
Retirement age of TN govt employees enhanced to 60 yrs

Retirement age of TN govt employees enhanced to 60 yrshttp://rediff.ly/oxwdu

The Tamil Nadu government on Thursday enhanced the retirement age of its employees, including teachers and PSU staff, to 60 years.

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Retirement age of TN govt employees enhanced to 60 yrs
Posted : 3 days ago
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Rediff News
Opt for NPS for higher returns

Opt for NPS for higher returnshttp://rediff.ly/oxjih

But be ready for lock-in till the age of 60.

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 Read more »»

Rediff News
Opt for NPS for higher returns

Opt for NPS for higher returnshttp://rediff.ly/oxjih

But be ready for lock-in till the age of 60.

#REDIFFNEWS

Opt for NPS for higher returns
Posted : 4 days ago
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Now on all private banks can collect tax, pay pension

Now on all private banks can collect tax, pay pensionhttp://rediff.ly/oxeyd

The finance ministry on Wednesday allowed all private sector banks to participate in government-related business,... Read more »»

Rediff News
Now on all private banks can collect tax, pay pension

Now on all private banks can collect tax, pay pensionhttp://rediff.ly/oxeyd

The finance ministry on Wednesday allowed all private sector banks to participate in government-related business, like collection of taxes. pension payments and small savings schemes. At the moment, only few large private sector are allowed to conduct government-related business.

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Now on all private banks can collect tax, pay pension
Posted : 4 days ago
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Rediff News
Cabinet nods Rs 15,000 cr scheme for pharma sector

Cabinet nods Rs 15,000 cr scheme for pharma sectorhttp://rediff.ly/oxdu5

The government on Wednesday approved a production-linked incentive (PLI) scheme for the pharmaceutical sector,... Read more »»

Rediff News
Cabinet nods Rs 15,000 cr scheme for pharma sector

Cabinet nods Rs 15,000 cr scheme for pharma sectorhttp://rediff.ly/oxdu5

The government on Wednesday approved a production-linked incentive (PLI) scheme for the pharmaceutical sector, entailing an outlay of Rs 15,000 crore. The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the scheme which will benefit domestic manufacturers, help create employment and is expected to contribute to the availability of a wider range of affordable medicines for consumers. The duration of the scheme would be from 2020-21 to 2028-29 and is expected to promote the production of high value products in the country and increase the value addition in exports, an official release said.

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#GMR

Cabinet nods Rs 15,000 cr scheme for pharma sector
Posted : 4 days ago
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Rediff News
Cabinet nods Rs 15,000 cr scheme for pharma sector

Cabinet nods Rs 15,000 cr  scheme for pharma sectorhttp://rediff.ly/oxdu5

The government on Wednesday approved a production-linked incentive (PLI) scheme for the pharmaceutical sector,... Read more »»

Rediff News
Cabinet nods Rs 15,000 cr scheme for pharma sector

Cabinet nods Rs 15,000 cr  scheme for pharma sectorhttp://rediff.ly/oxdu5

The government on Wednesday approved a production-linked incentive (PLI) scheme for the pharmaceutical sector, entailing an outlay of Rs 15,000 crore. The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the scheme which will benefit domestic manufacturers, help create employment and is expected to contribute to the availability of a wider range of affordable medicines for consumers. The duration of the scheme would be from 2020-21 to 2028-29 and is expected to promote the production of high value products in the country and increase the value addition in exports, an official release said.

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#GMR

Cabinet nods Rs 15,000 cr scheme for pharma sector
Posted : 4 days ago
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Rediff News
India's exports to China grow 16.15% to $21bn in 2020

India's exports to China grow 16.15% to $21bn in 2020http://rediff.ly/owqwg

India's exports to China have increased by 16.15 per cent to USD 20.87 billion in 2020 from USD 17.9 billion in the... Read more »»

Rediff News
India's exports to China grow 16.15% to $21bn in 2020

India's exports to China grow 16.15% to $21bn in 2020http://rediff.ly/owqwg

India's exports to China have increased by 16.15 per cent to USD 20.87 billion in 2020 from USD 17.9 billion in the previous year on account of healthy growth in the shipments of ores, iron and steel, aluminum and copper, according to the data of the commerce ministry.

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#USD

India's exports to China grow 16.15% to $21bn in 2020
Posted : 5 days ago
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Unwinding high indirect taxes on fuel is critical for economy: RBI's Das

Unwinding high indirect taxes on fuel is critical for economy: RBI's Dashttp://rediff.ly/owg8w

With inflation under control, the Monetary Policy Committee's (MPC's) job is to support growth because the economy... Read more »»

Rediff News
Unwinding high indirect taxes on fuel is critical for economy: RBI's Das

Unwinding high indirect taxes on fuel is critical for economy: RBI's Dashttp://rediff.ly/owg8w

With inflation under control, the Monetary Policy Committee's (MPC's) job is to support growth because the economy had recovered well from the lows in the initial months of the pandemic, according to the panel's members, who met in the first week of this month. The minutes of the meeting show the Reserve Bank of India (RBI) governor in his statement said: "Given the sharp moderation in inflation along with a stable near-term outlook, monetary policy needs to continue with the accommodative stance to ensure that the recovery gains greater traction and becomes broad-based." Ashima Goyal, external member of the MPC, said: "The current macroeconomic configuration and its expected future evolution imply there is space for the MPC to continue to support the revival of the economy with inflation remaining in the target band."

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Unwinding high indirect taxes on fuel is critical for economy: RBI's Das
Posted : 5 days ago
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Rediff News
RBI's lack of support pushes up bond yields

RBI's lack of support pushes up bond yieldshttp://rediff.ly/owf1z

The bond market is not in a mood to reason with the Reserve Bank of India (RBI) on keeping yields low. The 10-year... Read more »»

Rediff News
RBI's lack of support pushes up bond yields

RBI's lack of support pushes up bond yieldshttp://rediff.ly/owf1z

The bond market is not in a mood to reason with the Reserve Bank of India (RBI) on keeping yields low. The 10-year bond yields continued to rise for the fourth straight session to close at 6.202 per cent from its previous close of 6.135 per cent. The yield was at 6 per cent a week ago. The RBI wants the yields to remain at 6 per cent, but bond dealers say the central bank will have to step up its bond-buying programme.

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RBI's lack of support pushes up bond yields
Posted : 5 days ago
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