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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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Extra Bytes: Don’t charge migrants bus or train fare, says SC

Don’t charge migrants bus or train fare, says SC Approx Read Time: 5 minutes   In News: The Supreme Court prohibited the Railways and the State governments from exacting train or bus fares from stranded migrant workers waiting to return home amid the national lockdown. News Summary: The Supreme Court has now given a detailed …

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Why do some Covid-19 patients lose their sense of smell?

Coronavirus patients loose sense of smell Approx Read Time: 5 minutes Context: Coronavirus patients loose sense of smell World Health Organization has recently added anosmia (loss of smell) into the list of possible symptoms of the coronavirus infection. Also, a new study in mice, recently published in ACS Chemical Neuroscience, has sought to explore why this symptom appears …

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