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Economic Bytes: 7.75% RBI bonds discontinued

7.75% RBI bonds discontinued Approx Read Time: 5 minutes  In News: The Reserve Bank of India (RBI) announced that it will stop issuing the government of India’s 7.75% (taxable) bonds— popularly known as 7.75% RBI bonds. News Summary: 7.75% RBI bonds discontinued The Reserve Bank of India notified that the Government of India has discontinued 7.75% savings (taxable) bonds, …

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Finance minister chairs FSDC meeting, takes stock of economy amid Covid crisis

Finance minister chairs FSDC meeting Approx Read Time: 5 minutes   In News: In view of disruptions caused by the COVID-19 pandemic, the Finance ministry recently reviewed the state of the economy at the meeting of the Financial Stability and Development Council (FSDC). About: Financial Stability and Development Council (FSDC) FSDC was established in December 2010 as …

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Economic Bytes: FDI inflows surge 18% in 2019-20 to record $74 billion

FDI inflows surge 18% in 2019-20 to record $74 billion Approx Read Time: 5 minutes   In News: According to data released by the Department for Promotion of Industry and Internal Trade (DPIIT), total foreign direct investment (FDI) into India jumped 18% to $73.46 billion in the 2019-20 financial year (the highest in four years). …

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Global Bytes: EU unveils €750 billion economy rescue plan

EU unveils €750 billion economy rescue plan Approx Read Time: 5 minutes In News: EU unveils €750 billion economy rescue plan European Union leaders has proposed an $825 billion (€750 billion) coronavirus rescue plan to bankroll recovery efforts after the coronavirus crisis. Background: The global coronavirus outbreak has already pushed the EU into its deepest …

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Economic Updates: FPI flow to equity turns positive

FPI flow to equity turns positive Approx Read Time: 5 minutes In News: After pulling out more than Rs 68,000 crore in March and April, Foreign portfolio investors (FPIs) have infused over Rs 9,000 crore into the Indian equity market in May so far. News Summary: FPI flow to equity turns positive FPIs have infused …

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