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Govt data shows fall in job creation by schemes

Jobs Shortfall Approx Read Time: 5 minutes In News: As per the recent data tabled by labour & employment ministry in Parliament, some of the flagship employment generation and placement schemes such as PMEGP, DAY-NULM and MGNREGS etc. are expected to see a sharp decline in job creation during the current fiscal. About: Prime Minister’s …

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RBI may soon sync its accounting year with govt’s fiscal year

RBI to sync with govt. Approx Read Time: 4 minutes In News: The Reserve Bank of India (RBI) is considering aligning its accounting year with the government’s fiscal year in order to ensure more effective management of the country’s finances. News Summary: Currently, the RBI’s accounting year runs from July to June while the government …

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Inflation at 68-month high, IIP shrinks in Dec

NSO data (Inflation on Peak) Approx Read Time: 6 minutes In News: The data of Index of Industrial Production (IIP) and Consumer Price Index (CPI) has been released by the National Statistical Office (NSO). As per the data, industrial output contracted again in December 2019, after expanding in November. Retail inflation in January 2020 soared …

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USTR takes India off developing country list

Developing Countries Approx Read Time: 5 minutes In News: The U.S. government has changed an administrative rule making it easier for it to impose countervailing duties (CVDs) on goods from India and certain other countries. In doing so, the Office of the United States Trade Representative (USTR), has reduced the threshold for beginning a US …

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Why have LPG prices seen a sharp rise?

Rising LPG Prices Approx Read Time: 4 minutes In News: LPG prices, which are revised on a monthly basis, recently saw a price hike which has been the sharpest since January 2014. The rate for unsubsidized, 14.2 kg cylinders has risen by a steep ₹144.50 in Delhi, Mumbai, Kolkata and Chennai, at ₹858.50. LPG price …

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