Analysts at the International Monetary Fund would have never dreamt that their recent economic report would lead to such a furore on social media.On Wednesday, social media was buzzing over the recent IMF outlook report that said Bangladesh would overtake India in per capita GDP for 2020.As India's ...
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Mumbai: In the words of Motilal Oswal Financial Services, Indian mutual-fund markets may have witnessed gross inflows of a 6 month high. Sales of equity schemes soared by 17.5 percent on a month-on-month basis to Rs 179 billion.In fact, 60 percent of top-25 mutual fund schemes outperformed the marke...
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New Delhi: The Wholesale Price Inflation, an economic indicator, for the month of September was reportedly high. Data related to WPI was announced by the Commerce Ministry on Wednesday.The ministry said annual rate of inflation based on wholesale prices rose by 1.32 percent in September from 0.16 pe...
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Mumbai: Reserve Bank Governor Shaktikanta Das on Friday announced that the Monetary Policy Committee has decided to leave rates unchanged. The decision was an expected one given how high inflation has persisted ever since the Covid fiasco broke out.With this announcement, the short-term lending rate...
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Mumbai: Will loans get cheaper? Will the savings bank give you more in returns? Answers to those questions would be based on what the Reserve Bank of India decides at its Monetary Policy Committee meeting. The MPC, a forum of experts including the RBI governor, has already started discussing those m...
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New Delhi: The honorable Supreme Court expressed its dissatisfaction and asked the RBI and government why findings of the Kamat committee report and action on it did not feature in a reply.The Supreme Court was a hearing petition on the issue of moratorium. The case refers to the validity of interes...
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10 new rules starting from October 1, 2020 could be blamed in the way your consumption and spending habits may get altered from today.These may not look as big changes but they do affect the life of a commoner in many ways than you would've thought.These new government rules will change the way you ...
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Digital and Cloud transformation have moved from being nice-to-have options to must-have essentials. As more businesses embrace digital, they are counting on multicloud and hybrid cloud platforms to reduce capex, improve cash flows and restructure underlying technology to achieve long-term objective...
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Rajasthan Royals chased down a massive target of 224 runs against Kings XI Punjab (KXIP) to register the highest-ever run chase in the Indian Premier League (IPL) history here on Sunday.Rajasthan Royals won the match by four wickets. Mayank Agarwal's scored a century but it was not enough for KXIP t...
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Mumbai: Be ready to be surprised by what your local jeweller quotes for a gram of Gold or a kilo of Silver this week. The rates are likely to be on the softer side.Softer Gold rates could be good news for those waiting to buy a few grams of the yellow metal. For those planning a Gold-loan or selling...
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