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Economy

Cash in circulation fell post note ban: FM

June 26, 2019July 4, 2019 - by Abdul

Finance minister has said that demonetisation along with increased digital transactions and the reduced cash usage in the informal economy has led to a reduction in currency in circulation by …

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Economy

Rivigo launches national freight index

June 25, 2019July 4, 2019 - by Abdul

The logistics start-up Rivigo has launched National Freight Index(NFI) that will provide live freight rates for different lanes and vehicles across the country. Freight transport is the physical process of …

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Economy

RBI’s customer-complaint processing goes digital

June 25, 2019July 4, 2019 - by Abdul

The Reserve Bank of India(RBI) has launched a Complaint Management System (CMS).It is a software application to facilitate RBI’s grievance redressal processes. Customers can lodge complaints against any entity regulated …

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Economy

House panel shies away from quantifying black money

June 25, 2019July 4, 2019 - by Abdul

The parliamentary panel on finance of the 16th Lok Sabha has submitted its report to the Lok Sabha, The panel has said it is difficult to provide a credible estimate …

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Economy

Effective tax base growth highest in five years

June 25, 2019July 4, 2019 - by Abdul

Finance ministry has said that the effective taxpayer base has increased by 13.5% for the assessment year (AY) 2018-19.This is the highest rate in the last five years. The tax …

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Economy

Startup India fund falls short of allocation target by over Rs 1,000 crore

June 24, 2019July 4, 2019 - by Abdul

The Startup India fund has fallen short of its capital allocation target by around Rs 1,000-1,200 crore. The Startup India fund which was launched in 2016 had a disbursal target …

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Economy

Expert panel suggests ways to achieve USD 5-trillion economy target: Niti Aayog

June 24, 2019July 4, 2019 - by Abdul

The Prime Minister had an interaction with economists and industry experts on India’s current economic situation. During the interaction,NITI Aayog has said that the experts panel for macroeconomics and employment …

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Economy

Delhi offers blueprint to promote development, inclusivity at WTO

June 24, 2019July 4, 2019 - by Abdul

India has offered a blueprint for promoting development and inclusivity at the World Trade Organization(WTO).It has emphasized that resolving the crisis at its highest adjudicating body must be a top …

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Economy

Many nations offer India GSP benefits, but US move will affect competitiveness

June 24, 2019July 4, 2019 - by Abdul

United States has withdrawn Generalized System of Preferences (GSP) Scheme to India provoking India to impose retaliatory tariffs on many imports of US goods. However,India still continues to enjoy tariff …

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Economy

MUDRA bad loans rise in FY19, even as NPAs decline across banking system

June 24, 2019July 4, 2019 - by Abdul

The government’s MUDRA scheme to finance small and micro borrowers has witnessed an increase in bad loans at a time when the system-wide non-performing assets(NPAs) have started showing signs of …

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