Category Archives: Markets

$5 trillion economy dream still on: Piyush Goyal says India may have lost time, but not spirit 

Prime Minister Narendra Modi’s dream to make India a $5 trillion economy is still possible even while coronavirus has thrown progress off track, Union Minister of Commerce & Industry and Railways, Piyush Goyal, said.

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NerdWallet: As if things weren’t bad enough, millions of taxpayers are desperate for IRS refunds they expected months ago 

One woman filed her return electronically in February for direct deposit, and is still waiting.

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Indian business outlook worst in the world; turns negative for first time in over 10 years 

The business activity net balance fell sharply to -30% in June, from +26% in February, according to IHS Markit India Business Outlook survey results released Monday.

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In One Chart: Investors face ‘a scary, out-of-whack’ scenario — just look at this chart 

f it weren’t for the “Giant 5,” your money would have been better off in a savings account than the stock market over the past few years, according to Wolf Richter of the Wolf Street blog.

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Atmanirbhar Bharat’s first boost to be made in China; 5 new urea plants to make India self-reliant 

As Prime Minister Narendra Modi continues to push for Atmanirbhar Bharat, the country’s first boost towards self-reliance may be achieved in urea.

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Buyers from US, EU seek discount, longer credit time 

Coinciding with a 20-25% decline in orders, suppliers have been asked to provide up to 20% discounts on prices across sectors, extend credit periods and reduce lead time to ensure that products reach before October.

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Atma Nirbhar Bharat package report card: FinMin shows progress of credit guarantee, refinance, other schemes 

In a progress report of the flagship Atma Nirbhar Bharat package, the government said that refinancing will benefit 3 crore farmers in meeting their credit needs for post-harvest and kharif sowing requirements.

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Gove announces package to strengthen borders after Brexit 

Measures include new control posts, extra staff and proposals to set up checks away from ports

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Ministers fear China will blitz UK with a devastating online attack 

Senior sources say ‘a perfect storm’ of diplomatic rows over Hong Kong, the tech giant Huawei and Covid-19 could lead to an all-out attack by Chinese-backed hackers.

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Sunak will say things are looking up, but OBR has less faith in a rebound 

With bad news on jobs, and ongoing risk from Covid-19, hopes for a V-shaped recovery look misplacedHow quickly can Britain’s economy rebound after the pandemic? Last week, the chancellor, Rishi Sunak set out an upbeat recovery vision, with a plan to get restaurants buzzing again. It was perhaps the swiftest gear change in years: just days earlier, restaurant […]

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Eight shortlisted for RBI deputy governor post; interview on July 23 

The deputy governor appointments are made for an initial period of three years and the person is eligible for reappointment. The deputy governor gets a fixed salary of Rs 2.25 lakh per month plus allowances.

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The Wall Street Journal: OPEC and allies set to ease oil output cuts, anticipating demand recovery 

An alliance of crude producers led by Saudi Arabia is pushing OPEC and its allies to increase oil production starting in August, officials in the group said, amid signs that demand is returning to normal levels following coronavirus-related lockdowns.

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The future of film: can cinema survive Covid-19? 

Film fans flocked online during lockdown. As restrictions ease, what’s happening to revive cinema-going and restart shoots? Our critic heads to the cinema to find outIt’s Saturday lunchtime and I am watching Sonic the Hedgehog in a cinema. It’s fair to say that it wouldn’t have been my first choice of film to break my four-month cinema fast (titles also show […]

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US Mint: a penny saved 

Despite the sprint towards a cashless society, demand for coins has not disappeared

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Capitol Report: Pelosi skeptical of limiting new round of virus checks to people making less than $40,000 

House Speaker Nancy Pelosi said Thursday she was unconvinced of the need to limit eligibility for another round of coronavirus economic aid checks to people making less than $40,000 annually, an idea that’s been broached by a top Republican.

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