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Tag: Indian Economy

Home Posts Tagged "Indian Economy"
RBI changed Priority sector Lending Norms for RRBs

RBI announced revised Priority Sector Lending norms for Regional Rural Banks

December 6, 2015EconomyIndian Economy, RBIOmkar Sawant

The Reserve Bank of India (RBI) on 3 December 2015 announced revised Priority Sector Lending (PSL) norms for Regional Rural Banks (RRBs). As per these…

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Seventh Pay Commission

Seventh Pay Commission recommended average 23% hike in salary of Government Employees

November 21, 2015Economy, Indian GovernmentIndian Economy, seventh pay commissionShamika Dixit

The seventh pay commission headed by justice (retired) AK Mathur, presented its 900-page report to finance minister Arun Jaitley. Commission has recommended an average 23.55%…

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FDI

Indian Govt eased FDI norms in 15 major sectors, including defence, civil aviation

November 12, 2015Economy, Indian GovernmentFDI, Indian EconomyShamika Dixit

Pushing ahead with major reforms, the government of India relaxed foreign investment rules in 15 sectors such as civil aviation, banking, defense, retail and news…

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Swachh Bharat

Indian Government decided to impose 0.5% Swachh Bharat Cess on all services

November 9, 2015Economy, Indian GovernmentIndian EconomyOmkar Sawant

Union Ministry of Finance on 6 November 2015 decided to impose 0.5 percent Swachh Bharat Cess (SBC) on all taxable services. The tax will be…

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Pulses

Sharp rise in prices of Pulses and Onion increased the burden of inflation on Commaon Man in India

October 26, 2015EconomyIndian Economy, InflationOmkar Sawant

The sharp rise in prices of pulses added to the burden of inflation being faced by Indian citizens. The government attributed this to shortage in…

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Asian Development Bank

India signed 123.51 Million US dollar Loan Agreement with Asian Development Bank

September 30, 2015EconomyIndian EconomyOmkar Sawant

India signed a 123.51 million US dollar loan agreement with Asian Development Bank (ADB) to upgrade tourism infrastructure and services in Punjab, Uttarakhand and Himachal Pradesh.

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PM Narendra Modi announced a new campaign “Start-up India, Stand up India”

August 17, 2015EconomyIndian EconomyOmkar Sawant

In his Independence Day Adress Prime Minister Narendra Modi launched a new campaign with the name “Start-up India, Stand up India”.

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Wholesale inflation in India lowest since 1976

August 15, 2015EconomyIndian EconomyOmkar Sawant

Wholesale prices has fallen for the ninth consecutive month in July on the back of a decline in food and fuel prices, raising prospects of a cut in interest rates to give a push to growth.

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Govt of India started overhauling PSU banks by appointing private sector executives in top positions

August 15, 2015EconomyBanking, Indian EconomyOmkar Sawant

The Central government of India announced an overhaul of public sector banks. As a part of this process, the government drafted executives from the private sector to run at least two state-run lenders, for the first time since nationalization.

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RBI paid government Rs 66,000 cr in dividend

August 14, 2015EconomyIndian Economy, RBIOmkar Sawant

The Reserve Bank of India paid a dividend of nearly Rs 66,000 crore to the government. The amount is the highest ever in the central bank’s 80year history, and 22% more than it paid last year.

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