economy

Demonetisation hitting hard on Indian microfinance sector

Demonetisation hitting hard on Indian microfinance sector

December 23, 2016

Demonetisation has affected the debit-credit culture of the entire nation. Urban and rural poor of India are both suffering the heat, but in their own ways.

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Industrial workers in India to get cashless payments

Industrial workers in India to get cashless payments

December 13, 2016

As India is witnessing a spurt in digital payments after high-denomination currency notes were discontinued in early November this year, the government has now made it obligatory for contractors and employers to pay industrial workers through cheques or any other form of cashless...

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Dramatic slowdown of Indian GDP expected post demonetisation

Dramatic slowdown of Indian GDP expected post demonetisation

December 1, 2016

Post demonetisation, some are predicting adverse effects on the Indian economy while others believe it is only for the short term.

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Demonetisation: Soiled currency bills to the rescue!

Demonetisation: Soiled currency bills to the rescue!

November 25, 2016

When was the last time you tried to avoid a soiled currency note or made faces when somebody tried to short-change your money with soiled notes? When was the last time people refused soiled notes that you tried to desperately get rid of? You might want to rethink now.

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Leaked memo reveals lack of planning for Brexit

Leaked memo reveals lack of planning for Brexit

November 18, 2016

A leaked memo claims that Britian is substantially prepared to withdraw from the European Union just yet.

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Ishaat Hussain takes over as TCS chairman

Ishaat Hussain takes over as TCS chairman

November 11, 2016

Cyrus Mistry has been removed from his position of chairman of Tata Consultancy Services (TCS) and replaced by Ishaat Hussain as the battle between Tata Sons’ former chairman and the company intensifies.

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Donald Trump – American votes decide world’s fate

Donald Trump – American votes decide world’s fate

November 10, 2016

Endless predictions and speculations about the US presidential elections came to a conclusion with Donald Trump emerging as a surprise winner and was elected as the 45th president of the United States of America yesterday. While the American voters have chosen their new leader, t...

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BRICS 2016 Summit sees modest results

BRICS 2016 Summit sees modest results

October 18, 2016

The 8th BRICS (Brazil, Russia, India, China, South Africa) summit, organised this weekend in Goa, India, has not recorded any significant results in order to develop the political and economic cohesion of this group of countries that is still very disparate and often having diver...

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RBI Governor announces repo rate cut in India

RBI Governor announces repo rate cut in India

October 7, 2016

In a surprising announcement, current RBI Governor Urjit Patel informed the country about RBI’s decision of slashing the repo rates.   The announcement for a rate cut came as the first policy statement made by Urjit Patel since he took the position of the Governor of the R...

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Urjit Patel appointed India’s new Reserve Bank of India Governor

Urjit Patel appointed India’s new Reserve Bank of India Governor

August 22, 2016

The current #Deputy Governor of the #Reserve Bank of India (RBI), Urjit Patel, will become the 24th Governor of the Indian central bank on 4th September this year. He succeeds #Raghuram Rajan. His appointment will end two months’ speculation about Raghuram Rajan’s successor.

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Indians in Saudi Arabia fall victims to drop in oil prices

Indians in Saudi Arabia fall victims to drop in oil prices

August 3, 2016

Thousands of jobless Indians are grounded in Saudi Arabia after losing their jobs to the fall in oil prices that hit the Gulf region and its economic activities this year. The Indian government is working to evacuate its people who are being denied both their pays and passports b...

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Indian economy may escalate by 7.8 pc in 2017

Indian economy may escalate by 7.8 pc in 2017

July 21, 2016

According to a recent report by the Asian Development Bank (ADB), the Indian economy may grow by 7.4 pc in the current fiscal period and by 7.8 pc in 2017, despite the challenges.

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