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Services Growth Slows In August On Weaker Demand: Survey

Overall inflation is not predicted to rise above that goal until early next year. Bengaluru:  Activity in country’s dominant services industry expanded at a slower pace in August as demand softened, according to a business survey on Wednesday, although business optimism hit a one-year high. The IHS Markit...
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Finance Minister Nirmala Sitharaman Seeks More Rate Cuts: Report

Nirmala Sitharaman said the government did not intend to review the overseas sovereign borrowings plan Finance Minister Nirmala Sitharaman called for a “significant” reduction in the central bank’s policy rates and said the government did not intend to review the budget proposal for overseas sovereign borrowings, the Economic...
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India won’t allow trade talks overtake national interest

Stating that the US has taken a “unilateral position” in rolling back export incentives from India, the government June 26 asserted that it would not allow trade negotiations to overtake issues of national interest. Responding to supplementaries during the Question Hour in Lok Sabha, Commerce and Industry Minister Piyush Goyal...
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FPIs press exit button, pull out Rs 3,207 crore in May so far

Reversing their three-month buying streak, foreign investors pulled out a net Rs 3,207 crore from the Indian capital markets in the first seven trading sessions of May amid the US-China trade tensions and uncertainty over the election results. Prior to this, foreign portfolio investors (FPI) poured in a...
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