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In September last year, Narendra Modi had launched a new scheme, Pradhan Mantri Sahaj Bijli Har Ghar Yojana – ‘Saubhagya’, for free electricity connections to all households. So far around 2 crore households have been connected under the scheme. However, the scheme has to pick up pace to...
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November 20, 2018 Rakesh Sashmal
Currency
On Friday, the rupee had settled 29 paise higher at 73.32 against the dollar The rupee gave up early gains to close at 73.56 against the dollar on Monday. That marked a loss of 24 paise, or 0.3 per cent, in the rupee against the greenback as against...
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October 23, 2018 Rakesh Sashmal
Currency
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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September 27, 2018 Rakesh Sashmal
Currency
The dollar briefly touched its strongest level against the yen in more than a week on Thursday as a spike in oil prices stoked investors’ appetite for riskier assets, weighing on the haven yen. The greenback USDJPY, +0.30% traded as high as ¥101.75 early in the European trading...
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September 29, 2016 admin
Currency
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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August 31, 2016 admin
Currency
The U.S. greenback reinforced Friday in opposition to its main competitors, on target to log a modest weekly gain as bullish traders held out hope that the Federal Reserve might increase hobby costs in July or September. The ICE U.S. dollar index DXY, +0.sixty three% a measure of...
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June 11, 2016 admin
Currency
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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January 20, 2016 admin
Currency
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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January 20, 2016 admin
Currency
Out of 300 million defective banknotes that were printed in one of the printing presses of government-owned Security Printing and Minting Corporation of India, about 100 million of those notes have hit the market leaving the general public in a tizzy. About 200 million pieces were transferred to...
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January 3, 2016 admin
Currency
EUR/USD rose considerably during an abbreviated session, as currency traders looked to capitalize on last-minute gains ahead of the Christmas holiday. The currency pair traded between 1.0904 and 1.0966 before settling near session-highs at 1.0963, up 0.0052 or 0.47% on the session. EUR/USD has been relatively flat since last...
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December 26, 2015 admin
Currency
