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The unfolding situation in the country is surely going to get much worse before the curve bends the other way for good. Lockdowns and other restrictions, however selective, will surely impact the growth engine
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RBI Governor Shaktikanta Das said the overall outlook for the economy is highly uncertain and is clouded with downside risks
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Industry chamber CII said that opening of on-tap liquidity of Rs 50,000 crore till 31 March 2022 for health care sectors is encouraging
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With Mamata Banerjee taking oath as CM today, the rising fiscal stress will be a thorn in the crowns that sit on her head as well as those on other chief ministers
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Financial planners suggest maintaining an emergency fund which can cover at least 6 to 12 months of expenses, including EMI payments
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Petrol became costly by 19 paise and diesel by 21 paise per litre on May 5
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On April 30 State Bank of India had asked for KYC documents by post and e-mail last week after Money9 pointed out that the bank was asking customers to visit branches with hard copies of KYC documents.
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A liquidity window of Rs 50,000 crore with tenure of up to 3 years at repo rate being opened till March 31st, 2022. Under the scheme, banks can support entities including vaccine manufacturers, medical facilities, hospitals, and also patients.
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Within the said time, if the BSNL has not disbursed the wage or salary, that amount would carry an interest of 6% per annum for any such belated payment, the Madras High Court said
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Move to suspend the IPL is the best decision given the circumstances. Lot of people are suffering in India, says Ness Wadia