Supreme Court directs Centre, RBI to submit relevant records on demonetisation

New Delhi, 7/12: The Supreme Court on Wednesday directed the Centre and the Reserve Bank of India (RBI) to put on record relevant records relating to the government’s 2016 decision to demonetise currency notes of Rs 1000 and Rs 500 denomination.     Reserving its verdict on a batch of pleas challenging the Centre’s 2016…

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China allows Covid cases with no or mild symptoms to quarantine at home

Beijing, 7/12: China’s national health authority said on Wednesday that asymptomatic Covid-19 cases and those with mild symptoms can self-treat while in quarantine at home, the strongest sign so far that China is preparing its people to live with the disease.     Most of the cases are asymptomatic infections and mild cases, with no…

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RBI raises repo rate by 35 bps to 6.25%, revises GDP growth to 6.8%, retains CPI inflation projection at 6.7% for current FY

New Delhi, 7/10: The Reserve Bank of India (RBI) raised its key lending rate by 35 basis points to 6.25 per cent on Wednesday, RBI Governor Shaktikanta Das announced as the 3-day bi-monthly Monetary Policy Committee (MPC) meeting concluded.     “Global economy under midst of uncertainty; shortage of food and high fuel prices has…

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