RBI Governor Shaktikanta Das on Thursday said many fast indicators are showing an uptick in economic activity and the RBI is quite optimistic about its 9.5% GDP growth estimate for FY2021-22 at present. He said the impact of the second wave of Covid has waned by August, and economic growth will be better from the second quarter onwards on a sequential basis. Speaking at an event in Mumbai, Das said the RBI has decided to give more emphasis on growth because of the pandemic and operate in the 2-6% inflation band set by the government for it.
Business & Economics
Xiaomi penalised Rs653 cr for evading import duty
New delhi (TIP): Chinese mobile phone giant Xiaomi has been slapped with a demand of Rs 653 crore by the Department of Revenue Intelligence (DRI) for not including royalty payments in the assessable value of […]
United States
Diwali Foundation USA’s “POWER OF ONE” Inaugural Award Bestowed on 6 Diplomats
UN Women’s Lakshmi Puri the only woman recipient of the Honor UNITED NATIONS (TIP): Diwali Foundation USA’s Inaugural “Power of One “Awards were presented here on December 11, 2017. Belarus, Georgia and India joined with […]
India
Dalit MP Savitri Phule quits BJP, says country needs ‘Constitution not temple’
LUCKNOW(TIP): Accusing the BJP of dividing society, disgruntled party MP from Bahraich Sadhvi Savitri Bai Phule on Thursday, December 6 resigned from the saffron party. Speaking to reporters in Bahraich, Dalit leader said upholding the […]
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