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IMF cuts India’s growth projection to 6.1% in 2019

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The IMF on Tuesday slashed India’s GDP growth projection for the year 2019 to 6.1%, which is 1.2% down from its April projections. The International Monetary Fund (IMF) in April said India will grow at 7.3% in 2019. However, three months later it projected a slower growth rate for India in 2019, a downward revision […]
Business Economy

Centre rejects SEBI plea to amend provision for transferring reserves

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In what could spark the souring of ties between the Centre and the Securities and Exchange Board of India (SEBI), the Finance Ministry has refused pleas from the capital markets regulator to amend the provision that mandates that about 75% of its surplus be transferred to the Centre’s coffers. The Finance Bill 2019, passed by […]
Business Economy

Economic slowdown due to structural changes: Amit Mitra

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West Bengal Finance Minister Amit Mitra on Monday said that the current slowdown in the economy is due to “structural” changes and not “cyclical“. He said the structural changes have been ushered in due to demonetisation and “faulty” GST implementation along with the collapse of IL&FS which crippled the NBFC sector. “The slowdown in the […]

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