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Economy
Markets move away from Omicron fears; Sensex gains over 1,000 points
NEW DELHI: Even as the whole world is taking a precautionary measure to control the spread of Omicron, it seems the impact of this new coronavirus variant is fading away from investors’ sentiment. The benchmark index — Sensex — on Wednesday…
Retail inflation expected to be around 5.3 per cent in current fiscal: RBI
MUMBAI: Projecting the inflation trajectory in line with its earlier estimate, the Reserve Bank of India (RBI) on Wednesday said the retail inflation is expected to be around 5.3 per cent during the current fiscal year.
It is expected to…
Reserve Bank of India to introduce UPI based payment solutions
With an aim to promote wider digitisation, Reserve Bank of India (RBI) on Wednesday announced that UPI-based digital payment solutions will be launched on feature phones.
Only smartphone users have been availing Unified Payments…
RBI lets Schrodinger’s cat out of the bag, admits rate corrections can’t fight inflation…
It appears that inflation has entered the state of Schrodinger's theory, where price rise is both temporary and persistent simultaneously.
On Wednesday, the RBI confirmed that headline inflation will likely peak in January-March 2022,…
No plan to cut 18 per cent GST on insurance premiums: Government
NEW DELHI: Despite frequent requests from the insurance sector to reduce 18% Goods and Services Tax levied on the insurance premium, the Centre has said currently there is no recommendation to reduce the GST rate on health insurance…
India ‘very unequal’, top 10% hold 57% of national income: Inequality Report
India stands out as a “poor and very unequal country, with an affluent elite”, where the top 10 per cent holds 57 per cent of the total national income while the bottom 50 per cent’s share is just 13 per cent in 2021, according to the…