-Livemint.com * India’s economic activity still appears weak compared to peers, shows the November edition of Mint’s Emerging Markets Tracker India slipped to the bottom of the heap among key emerging markets in November despite reporting better-than-expected GDP figures for the September quarter, the latest update to Mint’s emerging markets tracker shows. The ranking, the worst since June, indicates that India is finding it harder to regain lost ground compared to emerging market...
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Economic revival beating predictions: RBI bulletin
-The Hindu “Economic conditions continued to improve through November on the back of the uptick in agriculture and manufacturing,” RBI officials say in an article in the central bank’s monthly bulletin. There is now more evidence to show that the Indian economy “is pulling out of COVID-19’s deep abyss and is reflating” at a pace that beats most predictions, RBI officials, including Deputy Governor Michael Patra, said in an article in the...
More »Jharkhand: Hemant Soren Govt Waives Farm Loans of Up to Rs 50,000 for 9 Lakh
-PTI/ TheWire.in The government said that an allocation of Rs 2,000 crore has been made in the current financial year for the waiver. Ranchi: The Hemant Soren government in Jharkhand waived farm loans of up to Rs 50,000, benefitting around 9 lakh farmers of the state, officials said on Thursday. The decision was taken at a cabinet meeting on Wednesday, partly fulfilling the promise made by the ruling coalition ahead of the 2019...
More »Beware of illegal digital lending apps: RBI
-The Hindu Advisory in the backdrop of suicides in Telangana Hyderabad: The Reserve Bank of India has advised public to be wary of unauthorised digital lending platforms and mobile apps. Taking note of reports about individuals and small businesses falling prey to a growing number of unauthorised digital lending platforms/mobile apps, the central bank on Wednesday said “members of public are cautioned not to fall prey to such unscrupulous activities.” It urged them...
More »Govt to release next deposits of PM-KISAN on 25 December amid farmers' protest
-Livemint.com * The govt will transfer more than ₹18,000 crores to over 9 crores beneficiary farmer families on 25 December * Under the PM-KISAN, a financial support of ₹6,000 per year is provided to all registered farmers across the country in three equal installments Prime Minister Narendra Modi will release the next instalment of finance benefit under Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) on 25 December via video conferencing, Prime Minister's Office said...
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