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Reserve Bank of India has announced special measures for annual closing of government accounts for the current financial year. A special clearing will be conducted for collection of government cheques on 31st March 2021. RBI has instructed all agency banks to keep their designated bra
Read More About It...Finance Minister Nirmala Sitharaman has said that permission to new private banks for conducting government-related business will be given under the RBI guidelines.Ms. Sitharaman, during the Question Hour in the Rajya Sabha today, said the government has now only indicated the RBI t
Read More About It...The rupee appreciated 24 paise to settle at 72 rupees and 79 paise against the US dollar in the business week ended yesterday. The domestic unit rose during the week mainly due to gains in the domestic equity markets and weakness in the american currency.During the week, the dollar
Read More About It...Ministry of Civil Aviation has proposed about 392 routes under UDAN 4.1 bidding process on the occasion of commencement of the Azadi Ka Amrit Mahotsav. The UDAN 4.1 round is focused on connecting smaller airports, along with special helicopter and seaplane routes. In addition t
Read More About It...The Agricultural and Processed Food Products Export Development Authority launched its first virtual trade fair yesterday to boost export of agricultural and processed food products. The fair will conclude tomorrow. In the fair, basmati rice, non-basmati rice, millets, wheat, m
Read More About It...NEW DELHI: Economic Advisory Council to the Prime Minister (EAC-PM) chairman Bibek Debroy on Friday said that while giving the message that tax rates will remain stable, the Union Budget 2021-22 focussed on promoting growth by driving reforms to boost consumption, investment and gover
Read More About It...The merchandise export figures recorded for the last month in the country suggest a robust growth in the foreign trade sector. With a total merchandise export of USD 27.67 billion last month compared to USD 27.74 billion in February last year, the gap between the corresponding export
Read More About It...Finance Ministry has said, Real GDP growth of 0.4 percent in the third quarter of 2020-21 has returned the economy to the pre-pandemic times of positive growth rates. It is also a reflection of a further strengthening of V-shaped recovery that began in Second quarter of 2020-21. The s
Read More About It...Union Government today said that country's V-Shaped Economic Recovery happened due to Mega Vaccination Drive, Robust Recovery in the Services Sector and Robust Growth in Consumption and Investment. Speaking to reporters, Chief Economic Adviser K. Subramanian said, V-Shaped Recover
Read More About It...The country's economy, which contracted in the first two quarters of the current fiscal, has started recovering at a gradual pace, former deputy chairman of erstwhile Planning Commission Montek Singh Ahluwalia said on Sunday.The economy contracted by a massive 23.9 per cent in
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