Tag Archives: markets-financialexpress

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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Donald Trump rules out phase second phase trade deal with China 

”The relationship with China has been severely damaged. I don’t think about it now,” Trump told reporters on Friday from Air Force One when asked about the trade deal. Earlier in the year, the Trump adminstration had signed a mega phase one deal with China, after intense negotiations between the two countries.

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Bamboo to play key role in India’s post-COVID-19 economy: Jitendra Singh 

Soon after the Modi government took over in 2014, the prime minister had stated that every effort would be made to bring the northeastern region on par with the more developed regions of the country, he said.

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No factory output growth data for second month in a row; govt to revise IIP policy 

The IIP for the mining, manufacturing, and electricity sectors stood at 87.0, 82.4, and 149.6 respectively in May.

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Forex reserves hit fresh all-time high, touch $513.25 billion 

The reserves had crossed the half-a-trillion dollar mark for the first time in the week ended June 5 after it had increased USD 8.22 billion and reached USD 501.70 billion.

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Half of all jobs in FY20 came from MGNREGA in just 100 days, COVID-19 makes this scheme superstar 

After a lull in the lockdown month of April, when the person days of work created stood at 14.12 crore, the lowest in any month since 2016-17, a sudden surge occurred in MG-NREGS jobs since the first week of May.

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World Bank’s prescription to heal India’s health sector; use private bodies, they meet 60% of demand 

India needs to design its health budget execution and resource allocation based on population needs rather than historical norms.

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Last resort: Here’s how RBI may fund govt’s need for more money, with fiscal deficit at 7% 

India’s government is running out of options to fund its budget and may soon have to knock on the central bank’s door once again for support.

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China’s forex reserves expand in June to over USD 3 trillion 

Wang said the uptick in the scale of forex reserves is affected by multiple factors, including exchange rates and changes in asset prices.

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Shivraj Chouhan seeks GI tag for Madhya Pradesh’s Basmati rice; meets Union agriculture minister 

During the meeting with the president, Chouhan briefed him about the coronavirus related situation in the state and on other state-related matters.

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Power demand slump narrows to 2.6% in July beginning showing improvement in commercial activities 

The peak power demand had declined by about 25 per cent in April and 8.82 per cent in May this year due to lower commercial and industrial demand during the COVID-19 induced lockdown. 

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Kharif sowing 88% higher than last year; here’s why this season is faring better than last one 

Amid all the mayhem due to coronavirus pandemic, kharif crop sowing so far has beaten last year’s figures with the total acreage as of 3rd July 2020 being 88% higher than the comparable period last year.

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GST Council: Why some revenue department officials are disappointed with state finance ministers 

In its October 2017 meeting, the GST Council decided that the notifications, circulars and orders which are issued by the central government with the approval of the competent authority would be forwarded to the GST Council secretariat, the official added.

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India among Switzerland’s top-3 partners for info exchange on tax matters: Global Forum 

In its latest peer review report on exchange of information on request, the Global Forum, which is tasked to assess the standard of exchange of information on request by various jurisdictions worldwide and their compliance, said Switzerland is rated ‘largely compliant’.

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Modi Govt envisions ‘Atmanirbhar Agriculture’ through investments, ecosystem upgrade 

Besides, the government has undertaken animal tagging of five species through Pashu-Aadhar. About 57 crore animals will have unique IDs over the next 1.5 years on digital platforms for mapping their parentage, breed and productivity.

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