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Business Economy


RBI’s accommodative stance in the last few months kickstarts economy : Baijal

Kolkata, Dec 04 (UNI) Shishir Baijal, Chairman & Managing Director, Knight Frank India, on Friday said RBI’s accommodative stance in the last few months has kickstarted the economy that had experienced a sudden contraction due to the pandemic.
In a statement, Baijal said, " These measures have ensured both - demand stimulation and liquidity in the economy, achieved by keeping the short term borrowing rates well below benchmark. "

" Today’s announcement remains in line with the RBI’s goal of nurturing growth despite the rise in inflation. Keeping demand stimulated to maintain the current momentum would be critical for continuous acceleration of the economic recovery.
"Recently reviving market performance indicators, despite all odds and supported by government and central bank interventions, have enthused a great sense of relief across real estate markets in the country.
"Home loan interest rates, which are at the lowest, have played a key role in rekindling the latent demand in housing market by nudging home buyers to make purchase decisions even during the pandemic.
"RBI’s decision to keep the rates unchanged will keep the momentum of demand intact to provide the much needed stability , as even while there is recovery in the economy, it is still fragile and highly volatile.”
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Budget needs to focus on financial aid, fast tracking NEP implementation, introduction of NAPs 2 0 and easing of license raj : Sumit

15 Jan 2021 | 7:48 PM

Kolkata, Jan 15 (UNI) Sumit Kumar, Vice President – NETAP, TeamLease, has said, "Budget needs to focus on financial aid, fast tracking NEP implementation, introduction of NAPs 2.0 and easing of license raj to achieve the ambition of 50% GER by 2035."

“The past two budgets have taken strategic measures towards boosting education and skilling in India, one of which was allocation of more funds to augment the ecosystem. However much of this allocated budget still remains unutilized (close to 13% of the budget allocated in the last fiscal is unused).

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Cut in customs duties, rollback of health cess essential to overcome pandemic challenges: MTaI

15 Jan 2021 | 7:46 PM

Kolkata, Jan 15 (UNI) Medical Technology Association of India (MTaI), which represents leading research-based medical technology companies with large footprint in manufacturing and training in India, has urged the government to promptly reduce customs duties and roll back health cess in Union Budget 2021-22 to help the medical device sector overcome the severe financial crisis created by COVID-19 pandemic.

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FMCG brands leverage Snapdeal’s Bharat reach

15 Jan 2021 | 7:31 PM

Kolkata, Jan 15 (UNI) Snapdeal’s extensive reach in smaller cities and towns of India is helping India’s leading FMCG brands take their value selection deeper into Bharat.

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UPL wins the Best Patent Portfolio Award in the CII- Industrial IP Awards 2020

15 Jan 2021 | 7:27 PM

Kolkata, Jan 15 (UNI) UPL Ltd. has won the Sixth CII Industrial Intellectual Property Awards aimed at recognizing and celebrating enterprises that have embraced IP generation and protection to fuel their business and economic growth.

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PNB dedicates 6 branches to war heroes

15 Jan 2021 | 7:24 PM

Kolkata, Jan 15 (UNI) This year’s Armed Forces Veteran’s Day, celebrated a day before Army Day, PNB, nation’s leading public sector bank, as a tribute dedicated its Digihut, at Delhi Cantt by remodeling the same in honour of Captain Anuj Nayyar, MVC (17 Jat).

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