Frankfurt: – Christine Lagarde, President of the European Central Bank, expressed confidence that Europe could start a digital currency in the next four years. Only a few months ago, China announced Digital Yuan. Whereas, countries like the United Kingdom, Sweden, Germany and France also have indicated to start efforts to launch digital currencies. Over the […]
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New Delhi: – Renowned US Institution, Oxford Economics, has claimed that the Indian economy is returning to normalcy faster than expected. At the same time, reports have been published that foreign investors have made investments of USD 351.09 billion in the first 13 days of November. There are positive indicators in the Indian economy. Various […]
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Mumbai: – The Mumbai share market index scaled record heights in the special Mahurat trades, to mark the occasion of the new 2077 Samvat. The Sensex reached 43,637.98, recording a leap of 194.98 points and the NIFTY reached the record level of 12,780.30. The special trades were carried out on the Mahurat at 6.15 pm. […]
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New Delhi: Union Finance Minister Nirmala Sitharaman announced the Atmanirbhar Bharat 3.0 package with a provision of Rs 2.65 trillion. Under this, the Finance Minister has announced 12 schemes, and there are reliefs for the construction industry and infrastructure projects. A decision to announce a subsidy of Rs 65 billion on fertilisers for the farmers was also […]
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New Delhi: – The union cabinet of Ministers decided to announce ‘Production Linked Incentive’ (PIL) scheme to encourage domestic productivity. This scheme has a provision of ₹1.46 trillion (USD 20 billion). This scheme can prove beneficial for achieving the target of making India into a global manufacturing hub. It is also claimed that the scheme […]
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New Delhi: India, Japan and Australia have initiated rapid moves to challenge Chinese domination in the trade sector. Indications have been given to create an independent framework as a part of the efforts to create a reliable product linked supply chain and the removal of obstacles in trade and investment. This framework will be created […]
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New Delhi: Defence Research and Development Organisation (DRDO) tested an advanced version of the Pinaka Rocket System. The DRDO officials informed that six missiles were launched and all the rockets hit the designated target with precision and fulfilled all the criteria. This is the second test of Pinaka Rockets in the last two months. Pinaka […]
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Islamabad: – Pakistan Prime Minister Imran Khan had passed a verdict that the China Pakistan Economic Corridor (CPEC) is the future of Pakistan. But the project has gone cold and the future of Pakistan also seems to hang in the balance with it. As per reports, the Chinese government has stopped the funding of these […]
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New Delhi: Experts claimed that following the battle with the Coronavirus, the bullish trend is returning to the Indian economy. The experts pointed to the reports, giving positive indications regarding the economy, received during the last two days. The PMI index of India has been upgraded for the third successive month. There is an improvement […]
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New Delhi: The Income Tax (IT) department, raided 42 places in the country, in connection with fake billing and Hawala, exposing a hawala racket of Rs. 500 crores. The IT department seized cash worth Rs. 62 crores and ornaments worth Rs. 2.8 crores during the raids. The Central Board of Direct Taxes (CBDT) said that […]
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