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The nationalisation of banks in 1969 was a watershed moment in the history of Indian banking. From July 19 that year, 14 private banks............ ...
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It influences the interest rate in the economy — which is the cost of money when you don’t have it, and the reward for parting with it when you have it........ ...
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Home Minister Amit Shah told Lok Sabha Tuesday that the government had no intention of removing Article 371 of the Constitution, which includes “special provisions” for 11 states, including six states of the Northeast. His assurance came after Congress...
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Jammu and Kashmir has been a theatre of muscular Hindutva nationalism, in the early decades in script and since 2014 in performance. Adopting a highly militarist approach to separatism, and shunning political process entirely since 2014, the BJP has now delivered on a...
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India’s ambitious ‘Deep Ocean Mission’ is all set to be launched this year. Dr. Madhavan Rajeevan, Secretary, Union Ministry of Earth Sciences, announced on July 27 that the ₹8,000-crore plan to explore deep ocean minerals will start from...
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The latest International Monetary Fund (IMF)-World Economic Outlook update in July 2019 has confirmed a growing belief that global growth has decelerated and dark clouds seem to be looming in the near term. Specifically, the IMF has downgraded global growth multiple...
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The cut in interest rates on Wednesday is the first time since the 2008 financial crisis. What is ironic is that this move comes despite a strong US economy and indicators such as job market data showing renewed buoyancy................... ...
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Earlier this month, the Union Cabinet amended the terms of reference (ToR) of the 15th Finance Commission (FC) to widen their scope. Through the change, the government has requested the FC to look into the possibility of a separate mechanism for the funding of defence...
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Despite the fact that India has served as a non-permanent member of the United Nations Security Council (UNSC) more often than any country other than Japan from the Asia-Pacific Group, it is a matter of satisfaction and a tribute to Indian diplomacy that the Group...
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The Maharashtra government has decided to treat a part of the Arabian Sea shoreline at Mumbai’s Nepeansea Road as “revenue land” — that is, land that is utilisable and disposable, and which can generate....... ...
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The story so far: Finance Minister Nirmala Sitharaman thrust zero budget farming into the spotlight in the first Budget speech of the 17th Lok Sabha earlier this month, calling for a “back to the basics” approach. She said, “We need to replicate...
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