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Business

67 Indian bank accounts under scanner for embezzlement

Brazilian authorities had requested India to freeze these 67 bank accounts in which funds linked to a provincial governor have been transferred

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Economy

Modi: Fundamental reforms were needed in Indian tax system

Modi said the reform will instill a sense of fearlessness among the honest taxpayers who play an important role in national development

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Economy

United Kingdom falls into recession for first time in 11 years

United Kingdom has suffered Europe’s highest death toll, with more than 50,000 deaths linked to the disease between 1 March and 30 June

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Business

Mukesh Ambani eclipses richest European to become world’s number 4

Ambani has slowly been shifting his focus to e-commerce, with tech giants seeking to take a piece of India’s fast-growing digital business

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Business

Facebook staff to WFH until July 2021, get $ 1,000

Facebook also said that the company will continue reopening offices in a restricted capacity where government guidance permits

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Economy

Gujarat tries harder to woo companies fleeing China

Gujarat stands first in terms of the number of industrial entrepreneurship MoUs, with 51% share of IEMs filed in India value-wise in 2019: CM

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Economy

RBI pushes loans against gold to 90% of value amid COVID crisis

There was expectation that the RBI will cut the repo rate, at which it lends funds to banks. This was the 24th meeting of the MPC

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Economy

Sitharaman: Rs 3 lakh crore credit facility will cover professionals

To provide relief to the industry, the government is in talks with the Reserve Bank of India (RBI) on various matters, Sitharaman said

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Economy

RBI wants govt to cut its stake in PSU banks to 26%

Several government committees and the RBI have recommended that India should have not more than five state-owned banks

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Economy

RBI: 5 dynamic shifts can repair renew economy

On agricultural transformation, RBI governor Das suggested a change in agriculture policy focus from minimum support price (MSP)