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  US inflation jumped 7.5% in the past year, highest in 40 years

  February 10, 2022 20:43 IST

  The Labour Department said Thursday that consumer prices jumped 7.5% last month compared with 12 months earlier, the steepest year-over-year increase since February 1982.

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  Cryptocurrencies are threat to macroeconomic and financial stability, warns RBI governor

  February 10, 2022 17:10 IST

  Cautioning investors, the governor said such assets have no underlying whatsoever, not even a tulip.

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  RBI projects retail inflation at 4.5% in FY23

  February 10, 2022 12:50 IST

  RBI Governor Shaktikanta Das said the monetary policy committee decided to hold the lending rate, or the repo rate, steady at 4 per cent, and its reverse repo, or the rate at which it absorbs excess cash from lenders - unchanged at 3.35 per cent.

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  RBI keeps repo rate unchanged at 4% for 10th time in a row; FY23 GDP growth pegged at 7.8%

  February 10, 2022 11:54 IST

  This is the tenth consecutive time since the rate remains unchanged. The central bank had last revised the policy rate on May 22, 2020, in an off-policy cycle to perk up demand by cutting interest rate to a historic low.

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  Finance minister Nirmala Sitharaman to address RBI board on February 14

  February 09, 2022 23:43 IST

  The meeting has been scheduled for February 14 where she would be addressing the board members and talk about announcements made in the Budget to perk up growth hit by three waves of COVID-19, sources said.

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  Sensex nosedives 1,024 pts; Nifty tests 17,200

  February 07, 2022 18:57 IST

  Benchmark indices started the session weak as investors remained cautious assets ahead of RBI's policy meet. However, the selling pressure deepened in the afternoon trade, they added.

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  RBI postpones Monetary Policy Committee meet over Lata Mangeshkar's demise

  February 06, 2022 23:39 IST

  Lata Mangeshkar, whose voice struck an instant chord of recognition with generations of South Asians and is considered one of India's greats, died in a Mumbai hospital on Sunday due to multiple organ failure.

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  Airtel to spend Rs 1.17 lakh crore on various businesses with subsidiaries over a period of 5 years

  February 06, 2022 14:43 IST

  Bharti Airtel will invest up to Rs 17,000 cr on transactions with Indus Towers in next 4 financial years and Rs 20,000 cr in 2025-26, the filing said on Feb 5.

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  Audi weighing local production of electric vehicles in India

  February 06, 2022 13:37 IST

  With the company deciding to go all-electric globally from 2033, it is a matter of time for local production of its electric cars, which has so far received a robust response in India.

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  India's digital currency to debut by early 2023: Government source

  February 06, 2022 12:31 IST

  A top government source, who wished not to be identified said, the digital currency issued by the RBI would be numbered in units, just like every fiat currency has an unique number.

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  Good News for policyholders! LIC offers opportunity to revive lapsed policies | Check details

  February 05, 2022 14:50 IST

  LIC offers concessions in late fee for other than term assurance and high risk plans, depending on the total premiums paid.

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  Mukesh Ambani's latest buy: A Rolls Royce costing Rs 13.14 crore

  February 05, 2022 13:29 IST

  The car, a Rolls Royce Cullinan petrol model, was registered by RIL at the Tardeo Regional Transport Office in South Mumbai on Jan 31, officials aware of the matter said.

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  Sensex falls over 140 pts; Nifty defends 17,500

  February 04, 2022 17:47 IST

  SBI was the top loser in the Sensex pack, shedding nearly 2 per cent, followed by M&M, NTPC, Kotak Bank, Bajaj Finserv, HDFC and PowerGrid.

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  Facebook stock tumbles 25%; Mukesh Ambani, Gautam Adani wealthier than Mark Zuckerberg

  February 04, 2022 11:18 IST

  Consequent to the bloodbath, Zuckerberg personally lost 23.34 pc of his net worth. At $87.7 bn, he slipped to No 12 in the Forbes real-time billionaires index- marginally behind India's Mukesh Ambani and Gautam Adani.

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  Budget 2022-23 thoughtful policy agenda for India, says IMF Managing Director Kristalina Georgieva

  February 04, 2022 8:41 IST

  “We have been projecting a quite robust growth for India. Yes, there is a small downgrade versus our previous projection from 9.5 pc to 9 pc for 2022. But then we also have a small upgrade for 2023, because we think that we'll see stable growth not very different from (those projected by) the (Union) Minister of Finance,” Georgieva said

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  Budget 2022: Businesses welcome Modi govt's futuristic vision, digital-first India

  February 03, 2022 15:48 IST

  Introduction of digital currency, investments in the construction of roads, railways, airports, ports, 400 new Vande Bharat trains, rural housing, and no change in income-tax slabs were among key announcements. Let's take a look at what different businesses have to say post-budget announcement.

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  BJP deploys office bearers, MPs to explain merits of Union Budget to masses

  February 03, 2022 11:53 IST

  MPs have been asked to hold a press conference in their parliamentary constituency on February 5, 6, 12 and 13 and the party officials in all the districts will promote the key points of the budget.

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  H&M to introduce H&M Home in India both online, offline formats

  February 02, 2022 20:31 IST

  H&M Home offers fashion-forward decor and accessories for every room and style. Its assortment ranges from high-quality bedlinen and dinnerware to diversified textiles, with contemporary style.

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  Will Bitcoin, Ethereum, NFT become legal tender? Here's what Govt says

  February 02, 2022 18:31 IST

  Bitcoin, Ethereum, or NFT will never become legal tender. Crypto assets are assets whose value will be determined between two people. You can buy gold, diamond, crypto, but that will have not have the value authorization by the government, Finance Secretary said.

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  Digital rupee proposed in Budget 2022, can be exchanged for cash: PM

  February 02, 2022 16:10 IST

  Finance Minister Nirmala Sitharaman had announced that India will launch a 'digital rupee' in 2022-23 using blockchain and other technologies.

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  Budget 2022: Centre allocates Rs 73,000 crore to MGNREGA, 25.51% lower than 2021-22 revised estimate

  February 02, 2022 11:04 IST

  FM Nirmala Sitharaman had allocated Rs 73,000 cr for Mahatma Gandhi National Rural Employment Guarantee Programme in last year's budget too. However, this was later revised to Rs 98,000 cr on account of higher demand for the work.

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  Budget 2022: India to boost infrastructure in villages along China border

  February 01, 2022 23:12 IST

  The announcement comes in the backdrop of the lingering border standoff in eastern Ladakh and concerns in the security establishment over China setting up villages in several sectors close to the Line of Actual Control (LAC).

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  Budget 2022-23 focusses on climate change, talks of transition to 'carbon neutral' economy | Details

  February 01, 2022 23:49 IST

  The Government proposed to introduce Digital Rupee, using blockchain and other technologies, to be issued by the Reserve Bank of India starting 2022-23 for more efficient and cheaper currency management system.

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  Budget 2022: From digital universities to TV Channels for classes, what education industry will see

  February 01, 2022 22:48 IST

  The overall financial allocation for the education sector for 2022-23 has increased to Rs 1.04 lakh crore from Rs 93,224 crore (Budget estimate) in 2021-22 as the minister laid emphasis on digital modes of education to reverse learning losses caused by the coronavirus pandemic. The revised estimate for 2021-22 is Rs 88,001 crore.

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  Budget 2022: What's in store for India's EV market

  February 01, 2022 22:06 IST

  The government also announced to bring a battery swapping policy to boost use of electric vehicles in the country in view of space constraints for setting up charging stations.

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  Budget 2022: Experts question Centre push to set up 200 TV channels for classes 1-12

  February 01, 2022 23:08 IST

  Presenting the Budget 2022-23, Finance Minister Nirmala Sitharaman acknowledged that due to the pandemic-induced closure of schools, children, particularly in the rural areas, and those from Scheduled Castes and Scheduled Tribes, other weaker sections, have lost almost two years of formal education.

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  Budget 2022: Petrol, diesel prices to rise in parts of India | Check details

  February 01, 2022 21:12 IST

  Presently, 10 per cent ethanol, extracted from sugarcane or surplus foodgrain, is blended or mixed in petrol (meaning 10 per cent of ethanol mixed with 90 per cent of petrol) with a view to cutting oil import dependence and provide farmers with an additional source of income.  

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  Budget 2022: What common man needs to know | Top points

  February 02, 2022 8:20 IST

  Finance Minister Nirmala Sitharaman presented Budget 2022 on Tuesday announcing that digital currency, 5G services will be launched by next year, new Vande Bharat trains but no change in tax slabs. Let's take a look at what a common man needs to know about Modi government's budget.