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India has agreed to release 5 million barrels of crude oil from its Strategic Petroleum Reserves. This release will happen in parallel and in consultation with other major global energy consumers including the USA, China, Japan and South Korea.Ministry of Petroleum and Natural Gas i
Read More About It...SBI Research has upgraded India's GDP growth projection for financial year 2022 to the range of 9.3%-9.6% from its earlier estimates of 8.5%-9%. The revised GDP estimate of SBI Research is in-line with RBI's projection of 9.5% GDP growth for the current fiscal year.The projec
Read More About It...Finance Minister Nirmala Sitharaman will lead a team of Secretaries to discuss matters of development and growth of India’s maiden International Financial Services Centre (IFSC) at GIFT City, Gandhinagar today. The discussions will focus on the role of GIFT-IFSC as a gateway to
Read More About It...RBI Governor Shaktikanta Das sounded alarm on cryptocurrencies, cautioning investors on the potential pitfalls of digital currency.He said Cryptocurrencies are a very serious concern from a macroeconomic and financial stability point of view.Shaktikanta Das's comments come at
Read More About It...The government has approved the reappointment of Shaktikanta Das as Governor of the Reserve Bank of India for a period of three years.The Appointments Committee of the Cabinet has approved the reappointment of Mr Das. The re-appointment will be effective from 10th December this year
Read More About It...Union Ministry of Chemicals and Fertilisers has taken up several initiatives to reduce India’s dependency on import of fertilisers and make India Atma Nirbhar by adopting the Make in India initiatives. Speaking to AIR News in Bengaluru the Union Minister of State for Chemicals a
Read More About It...The Centre and the Asian Development Bank today signed a 4.5 million dollar project readiness financing PRF loan to support project preparation and design activities to improve urban mobility in Aizawl, the capital city of the northeastern state of Mizoram. Additional Secretary, Depar
Read More About It...Capital markets regulator Sebi has asked investment advisers to refrain from dealing in digital gold, which is an unregulated product.This came after Sebi noted that some registered investment advisers are engaged in unregulated activity by providing a platform for buying, selling o
Read More About It...Centre in consultation with RBI has decided to issue four tranches of Sovereign Gold Bonds from October 2021 to March 2022. As the statement of RBI, Subscription for the next tranche can be done between 25th October to 29th October.The Bonds will be sold through Scheduled Commercial
Read More About It...Government has said that India is exporting strictly Non Genetically Modified Organisms -GMO rice to the world. Ministry of Commerce and Industry in a statement clarified that there is no commercial variety of Genetically Modified- GM rice in India and in fact the commercial GM cultiv
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