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Oil prices today rose more than one and half per cent after industry data showed U.S. inventories declined more than expected and OPEC raised its outlook for oil demand. Gains were capped by worries about the Coronavirus and by rising supplies. Crude prices rose on strong Chinese impo
Read More About It...Most of Asian stocks today climbed following overnight gains in the US stocks. However, investors awaited earning reports from companies for further cues. Hong Kong's Hang Seng surged 1.4 per cent, China’s Shanghai Composite index gained 0.6 per cent and South Korea&r
Read More About It...Finance Minister Nirmala Sitharaman and President World Bank Group David Malpass met through virtual mode today. Ms Sitharaman and Mr Malpass discussed various issues including Covid Vaccination, economic recovery, World Bank Group lending envelope for India and India’s strategy
Read More About It...Union Minister for Finance Nirmala Sitharaman participated in the 103rd Meeting of the Development Committee Plenary of World Bank through video conferencing. The items on the agenda included World Bank Group (WBG) and International Monetary Fund Support for Debt Relief Under the Comm
Read More About It...Finance Minister Nirmala Sitharaman today attended the Plenary Meeting of the International Monetary and Financial Committee of the International Monetary Fund, IMF through video conferencing. The meeting was attended by Governors or Alternate Governors representing 190 member
Read More About It...The Reserve Bank of India has decided to publish the Financial Inclusion Index. To begin with, The FI index will be published annually in July for the previous financial year. RBI’s Governor Shaktikanta Das said, Financial Inclusion has been a thrust area for the Government, RBI
Read More About It...Government has allowed further flexibility to tax filers operating under the Quarterly Return Filing and Monthly Payment of Taxes (QRMP) scheme of GST. These tax filers will now be permitted to declare invoices pertaining to movement of goods and services in their quarterly return for
Read More About It...World Bank has raised Indian GDP growth prediction for 2021-22 fiscal to 10.1 percent from 5.4 percent projected in January. The international bank said, given the significant uncertainty amid Covid-19 effects on the economy, the real India GDP growth could be in the range from 7.5 pe
Read More About It...Oil prices today fell on concerns about the market’s recovery after OPEC and its allies lowered its 2021 demand growth forecast, although strong Chinese factory activities lent some support. In intra-day trade, the Brent was trading around USD 63.80 per barrel while WTI c
Read More About It...Government has received multiple expressions of interest for privatisation of Neelachal Ispat Nigam Ltd (NINL). In a tweet, Secretary, Department of Investment and Public Asset Management, Tuhin Kanta Pandey said the transaction moves ahead to the second stage, on
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