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Contact intensive firms to lead India’s recovery: RBI

-The Telegraph Document says country is poised to consolidate and accelerate its revival over the rest of the year A Reserve Bank of India (RBI) document on Monday said contact-intensive sectors will lead India’s recovery. Besides, elevated inflation will cool from September ``albeit stubbornly’’ on the back of easing momentum and favourable base effects, according to a paper on the state of the economy co-authored by deputy governor Michael Patra, that is part...

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Centre may sell cereals in open market to rein in prices -Zia Haq

-Hindustan Times India has a surplus of federally held stocks of rice and wheat, and the government could intervene in the open market “if needed” by selling cereals at a discount to curb prices, food secretary Sudhanshu Pandey said on Monday. India has a surplus of federally held stocks of rice and wheat, and the government could intervene in the open market “if needed” by selling cereals at a discount to curb...

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In Maharashtra, COVID-19 orphans lost more fathers than mothers, says report -Abhinay Deshpande

-The Hindu ‘Many didn’t get government benefits due to difficulties in procuring death certificates’ For every child who lost its mother, three children lost their father to the COVID-19 pandemic in Maharashtra. ‘Vulnerable Children of Maharashtra’, a report on the status of children orphaned by COVID-19 by Vidhi Maharashtra, an independent think tank, found that 22,760 children lost their fathers while 2,678 lost their mothers to COVID-19. The loss of either parent has a...

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Wheat MSP hiked by Rs 110/quintal

-The Tribune New Delhi: The Union Cabinet today approved a hike of up to 9 per cent in the minimum support price (MSP) of six rabi crops for next year’s marketing season, with a Rs 110 per quintal increase for wheat to boost domestic production and the income of farmers. The wheat MSP has been raised from Rs 2,015 to Rs 2,125 a quintal, a hike of 5.46 per cent. The highest...

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The three economic realities facing China -Uma Gupta

-Hindustan Times The 20th National Congress of the Communist Party of China (CPC) began in Beijing on October 16. While the run-up to the 20th congress has been dominated by talks of Xi Jinping getting elected as the highest leader for an unprecedented third consecutive time, the gathering will also have to confront serious and somewhat new questions as far as the Chinese economy is concerned. The 20th National Congress of the...

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