Daily News

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IMF Forecasts India's GDP To Grow At 7.5 Per Cent In 2019-20

According to the IMF latest report, India is projected to clock an economic growth of 7.5 % in the FY 2019-20, on strengthening of investment and robust private consumption. Current account deficit is projected to widen further to 2.6 % of GDP.

Did you Know

Headline inflation is projected to rise to 5.2 %.

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Government to release a new industrial policy soon

Government will shortly unveil a new industrial policy that aims to speed up regulatory reforms and lower power tariffs to make businesses more competitive.The overarching body like GST will be established.

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Commerce and Industry Minister-Suresh Prabhu.

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Chile's Michelle Bachelet Appointed Next UN Human Rights Chief

Michelle Bachelet, Chile's twice-serving president has been appointed as the new chief of UN human rights by UN Secretary-General Antonio Guterres. She will replace Zeid Ra'ad Al Hussein of Jordan.

Did you Know

She also served in 2010 as the first director of UN Women.

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IRDAI relaxes rules to help claim pension money

Insurance Regulatory and Development Authority has relaxed the rules on pension products and allowed policyholders to completely withdraw smaller amounts accumulated through pension products.

Did you Know

IRDAI Chairman-Subhash Chandra Khuntia.

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CCI approves Walmart-Flipkart deal

The Competition Commission of India (CCI) approved the acquisition of Flipkart by US-based Walmart, three months after the acquisition plan. Acc. to CCI proposed combination is not likely to have an appreciable adverse effect on competition in India.

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CCI Chairman- Devender Kumar Sikri.

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RIL regains most valued firm status by m-cap

Reliance Industries has surpassed IT major Tata Consultancy Services (TCS) to clinch the status of the most valued company by market capitalisation. RIL's market valuation stood at Rs 7,71,450.43 crore.

Did you Know

Mukesh D. Ambani – Chairman, RIL

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India Post Payments Bank to offer loans, MFs via third party tie-ups

India Post Payments Bank will partner with banks and other financial companies to offer loans, mutual funds and insurance policies to its customers.

It will sell some of PNB products, including loans & has partnered Bajaj Allianz for insurance.

Did you Know

By December, countries all Post offices will be linked to IPPB.

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RBI to pay ₹ 50,000 crore dividend to govt for FY18

The Reserve Bank of India (RBI) will transfer ₹50,000 crore of its surplus money to the government, in a partial relief for the latter struggling to replenish public sector banks.It will provide more elbow room to infuse capital into the banks it owns.

Did you Know

RBI Governor-Urjit Patel, Founded -1935

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SBI launches MOPAD, a unified payment terminal

SBI has launched a new device Multi Option Payment Acceptance Device (MOPAD), a Point of Sale (PoS) terminal. It will facilitate transactions from cards to QR code based payments.It accepts payments through UPI, Bharat QR, and SBI Buddy along with cards.

Did you Know

Rajnish Kumar-SBI Chairman

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India’s average per capita income at nearly Rs 80,000 for last four years

According to govt report, the average per capita in the country over the last four years has been higher at approximately Rs 80,000 per person as compared to earlier fiscals.

The per capita income from FY12 to FY15 was roughly Rs 67,594.

Did you Know

Per capita income- gauge for measuring living standard.