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Government Panel Recommends Ban On Cryptocurrency

Industry officials expressed dismay and the hope the government would not introduce a ban New Delhi:  A government panel has recommended banning all private cryptocurrencies and a jail term of up to 10 years and heavy fines for anyone dealing in digital currencies, which could signal the end...
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RBI Relaxes Cash Rules For Banks As Credit Crunch Fears Persist

The Reserve Bank of India (RBI) eased cash requirements for banks on Thursday and said it would provide “durable liquidity”, but the relief was short-lived for markets fearful of a credit crunch arising from problems among non-banking finance companies (NBFCs). The government, central bank and market regulator were...
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3 Lessons to Learn From BlogHer’s Trio of Pioneers

  In 2005, BlogHer founders Lisa Stone, Elisa Camahort Page and Jory Des Jardins wanted to know where all the women bloggers were. Back then, it was the Wild, Wild West days of blogging. But if you don’t ask, you’ll never get an answer. So Stone, Camahort Page and...
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Rupee plunges to 28-month low amid global turmoil

Hit by global growth concerns, the rupee on Wednesday crashed below the 68-level after 28 months and closed 23 paise down at 67.95 on fresh demand for the American currency from importers amid a massive fall in domestic stock markets. A forex dealer said that persistent foreign capital...
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Current account deficit to narrow to 0.5% of GDP

India’s current account deficit may narrow to 0.5 per cent of GDP in 2016 from 0.7 per cent in 2015 owing to lower commodity prices, particularly oil, says a report. “Given lower oil prices, we expect the current account deficit to narrow to 0.5 per cent of GDP...
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