RBI maintains interest rates to remain the same

RBI maintains interest rates to remain the same

Mumbai: – Reserve bank of India (RBI) announced its bi-monthly credit policy. Everyone was apprehensive about what decisions the RBI would take in the credit policy, while there is a massive price rise, as the Coronavirus pandemic is rampant again. RBI did not make any change in the interest rates, as expected by the markets. […]

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Former Pakistan PM Nawaz Sharif appeals Pak soldiers not to obey General Bajwa

Former Pakistan PM Nawaz Sharif appeals Pak soldiers not to obey General Bajwa

Quetta: – Protests organised by the combined opposition parties of Pakistan, against the Pakistan government and military, in the city of Quetta, received an overwhelming response. Former Prime Minister Nawaz Sharif showered vitriolic criticism while addressing a public rally of the combined opposition parties, on Sunday. It is claimed to be the most aggressive speech […]

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Large number of PLA soldiers falling ill due to freezing cold at Ladakh’s LAC

Large number of PLA soldiers falling ill due to freezing cold at Ladakh’s LAC

New Delhi: – Chinese President Xi Jinping has ordered the military to be prepared for war. Whereas, the Chinese government mouthpiece, Global Times, has threatened India, who supported Taiwan, of severing Sikkim from India. While China is issuing such threats and warnings, the Chinese soldiers deployed on the Line of Actual Control (LAC), in Ladakh […]

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Maharashtra government signs investment of ₹160 billion under ‘Magnetic Maharashtra’ project

Maharashtra government signs investment of ₹160 billion under ‘Magnetic Maharashtra’ project

Mumbai: – Maharashtra government has signed Memorandums of Understanding with 12 multinational companies worth ₹160 billion, under the ‘Magnetic Maharashtra 2.0’. These investments will create employment opportunities. Moreover, confidence has been expressed that this will also provide an impetus to the industry sector. ‘Magnetic Maharashtra 2.0’ was inaugurated in the presence of Chief Minister Uddhav […]

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RBI reduces repo rate

RBI reduces repo rate

Mumbai: Shashikant Das, the Governor of the Reserve Bank of India (RBI), announced a reduction in the repo rate to 4%, saying that the Gross Domestic Product (GDP) has been severely hit because of reduced domestic demand and the drastic fall in exports. He also announced moratorium for the next three months, bringing major relief […]

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Foreign investment limit set to 74% for the defence sector: Ordnance factories to be corporatised

Foreign investment limit set to 74% for the defence sector: Ordnance factories to be corporatised

New Delhi: The Union government has taken a major decision of increasing the cap on foreign investment, in the defence equipment manufacturing sector, from 49% to 74%. Prime Minister Narendra Modi had announced an economic package of ₹20 trillion to provide an impetus to the country’s economy. While revealing the details of the package, Finance […]

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