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‘Bengaluru is a fast-growing city, very diverse and has a big commitment to culture’

Bengaluru joins the league of 40 global cities including New York, London, Paris, and Tokyo among others at World Cities Culture Forum




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Keep calm, Doga is coming




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August’s record gold influx lifts import bill to all-time high

The trade deficit widened to a 10-month high of $29.65 billion, the second highest monthly shortfall in merchandise trade




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Sensex, Nifty hit fresh record closing high levels on rate cut hopes




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West Bengal economy performs poorly over several decades: EAC-PM paper

West Bengal’s economic decline, southern States’ growth post-1991, and regional disparities in India’s economic performance analysed in a working paper by Economic Advisory Council to the PM




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India's logistics cost will reduce to single-digit in 5 years: Gadkari




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The racial divide in South Africa’s economy since the end of apartheid

South Africa has struggled for years with low economic growth and high unemployment. The official unemployment rate was 33.5% in April-June of this year.




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ADB retains India's growth forecast at 7%; govt spending, agriculture to boost economy

The Indian economy grew 8.2% in the last fiscal (2023-24)




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German economy to shrink further in 2024, think-tanks issue statement




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GST Council sets up GoM on compensation cess; panel to submit report by December 31

In the GST regime, compensation cess at varied rates is levied on luxury, sin and demerit goods over and above the 28% tax




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Government claim of eight crore new jobs is data jugglery, says Congress

Centre included even unpaid household work in its employment data, says Jairam Ramesh




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Govt. extends deadline for filing Income Tax audit report to October 7

The I-T Department said that due to the difficulties faced by taxpayers in electronic filing of audit reports, the deadline is being extended from September 30, 2024 to October 7, 2024




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India’s current account deficit in Q1 FY25 widens to $9.7 billion

The current account surplus for Q4:2023-24 was revised downwards to $ 4.6 billion from US$ 5.7 billion earlier due to an upward adjustment of customs data on merchandise imports, the RBI said.




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For the first time in 42 months, core sectors’ output tanked in August

Six of eight infrastructure segments witnessed a year-on-year contraction in production, while fertilizers and steel output grew at a milder pace than July




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TAFE files contempt petition against AGCO over Massey Ferguson brand




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Fed Chair Powell says U.S. economy is in 'solid shape' with more rate cuts coming




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Government picks three new members to join RBI’s Monetary Policy Committee

The new members are Ram Singh, Saugata Bhattacharya and Nagesh Kumar. They have been appointed for a period of four years.




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Gold cools, oil surges amid escalating tensions in West Asia




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Every daily wager in Odisha wants to be identified as a construction worker

More than 42.66 lakh people registered as construction workers to avail benefits from the buildings and construction welfare board of the State. But experts believe the construction sector of Odisha is not large enough to accommodate such a large labour force




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India, U.S. exploring combined engagement with third countries to source minerals: Piyush Goyal

Piyush Goyal said that critical minerals figured in his official parleys with U.S. Commerce Secretary Gina Raimondo on Thursday.




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OPEC+ could cushion Iran oil shock but not a broader disruption

OPEC and the U.S. can help ease oil prices in case there is disruption in supply due to a full-blown conflict between Israel and Iran; while OPEC has enough spare capacity to compensate for the loss of Iranian supplies, much of that capacity is in the Gulf region and potentially vulnerable to attack




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India to see steepest rise in living standard of common man in coming decades: FM Nirmala Sitharaman

Addressing the 3rd edition of Kautiliya Economic Conclave here, the Minister said, India's critical economic performance in the recent decade was underscored by its leapfrog from the 10th to the fifth largest economy in five years.




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Public inputs sought for Income Tax Act review

These ideas may be taken up by an internal committee of the Income Tax Department that has been formed to oversee the review of the 1961 law.




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RBI Monetary Policy Committee meeting: policy rate unchanged at 6.5% for 10th time in a row

‘RBI changes stance of monetary policy to ‘neutral’ from withdrawal of accomodation,’ says Shaktikanta Das.




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Can India escape middle-income trap?

How does the World Bank define the threshold for middle-income economies? Why is state intervention considered crucial for breaking the middle-income trap? What lessons can be drawn from South Korea and Chile? What challenges does India face in balancing state intervention with democratic values?




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Net direct tax collection grows 18% to ₹11.25 lakh cr

The income tax department had collected ₹9.51 lakh crore during the same period a year ago.




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China’s Finance Minister Lan says there is room for more economic stimulus; but offers no plan

“There are other policy tools that are being discussed that are still in the pipeline,” Chinese Finance Minister Lan said, adding that there is “ample room” in the budget




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Indian conglomerates to spend $800 billion in new projects in 10 years: S&P Global Ratings’ report 

“The Vedanta, Tata, Adani, Reliance and JSW groups alone are prepping about $350 billion of investment in these sectors over the next decade,” Neel Gopalakrishnan of S&P Global Ratings said




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Economics Nobel Winners 2024 and their studies on ‘how institutions are formed and affect prosperity’

Daron Acemoglu and Simon Johnson are professors at the Massachusetts Institute of Technology while James Robinson is based at the Harris School of Public Policy and Department of Political Science at the University of Chicago.




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India’s logistics cost will come down to single-digit percentage in two years: Gadkari

According to quick estimates of the economic think tank National Council of Applied Economic Research (NCAER), logistics costs in India ranged between 7.8% to 8.9% of GDP for the fiscal 2021-22




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'India's growth rate among the shiniest parts of the world economy': Ajay Banga

A lot of that growth is in India, is driven by the domestic market as well, which actually is a healthy sign, in some ways, says World Bank president Ajay Banga




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China's economy grew 4.6% in July-September quarter, falling short of 5% target

The latest data show the world's second largest economy slowing from 4.7% annual growth in the previous quarter and falling short of the official target of “about 5%” growth for 2024,




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India wouldn't be fastest-growing economy if people hadn't utilized digital infrastructure: Nirmala Sitharaman

Nirmala Sitharaman highlighted that providing free digital access to the public, coupled with extensive campaigns and awareness programs in local languages, helped people across the country embrace technology




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New investments see a boom in second quarter

Government capex recovers from a lull in the first quarter; overall investments jump 42.5% sequentially in the second quarter of 2024-25 to ₹9.21 lakh crore; private investors also step up, at a slower pace




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Core sector output at 10-month low in September, deepening growth anxieties

Steel, power, oil and gas output growth slows, though cement output grows faster; economists say industrial production growth likely slowed in September, and may drag down annual growth projections




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Bibek Debroy, Chairman of PM’s Economic Advisory Council, no more

The author, professor and former NITI Aayog member was 69.




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Bibek Debroy: Tributes pour in after death of noted economist

Prime Minister Narendra Modi and President Droupadi Murmu were among those who paid tribute to the PM’s Economic Advisory Council chairman




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Jet fuel sees 3.3% hike; commercial LPG rates rise by ₹62

This is the fourth straight monthly hike in commercial LPG prices; Commercial LPG now costs ₹1,754.50 per 19-kg cylinder in Mumbai, ₹1,911.50 in Kolkata and ₹1,964.50 in Chennai




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FPIs withdraw record ₹94,000 crore from Indian equities in October on attractive Chinese valuations

Foreign portfolio investors withdrew ₹94,000 crore from Indian stock market in October due to high valuations, shifting focus to Chinese stocks




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Indian service providers signal robust growth in October on strong demand conditions

India’s services PMI rebounds to 58.5 in October, driven by strong output, new business, and job creation, signaling economic growth




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Singles' Day shopping festival loses its shine under China's lagging economy

The annual event named by the numeric form of its Nov. 11 date was started by e-commerce platform Alibaba, which offered attractive discounts to entice shoppers to spend big.




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Net direct tax collection grows 15.41% to ₹12.11 lakh crore till Nov 10

Refunds worth ₹2.92 lakh crore was issued during the period, a 53% jump over year-ago period.




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Parliament proceedings | Three more MPs suspended, total at 146 as Opposition’s protest over mass suspension continues

Union Parliamentary Affairs Minister Pralhad Joshi moved a resolution to suspend MPs Nakul Nath, Deepak Baij and D.K. Suresh for misconduct and storming the Well in the Lower House




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Cognizant says entry-level annual pay for engineers at ₹4-12 lakh; best in industry

Cognizant said it offers ₹4-12 lakh salary to fresh engineering graduates, and the salary being quoted on social media is for non-engineering undergraduate degree holders




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Pain, the opioid epidemic, and depression [electronic resource] / Jeffrey F. Scherrer, editor ; Jane C. Ballantyne, co-editor.

New York, NY : Oxford University Press , 2024.




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Extent of leak, key to ordering NEET-UG re-test: Apex court

Supreme Court considers cancellation of NEET-UG 2024 due to leaked questions affecting 23 lakh students, seeks extent of leak.




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NEET-UG 2024 counselling to start in July

SC hearing adjourned to July 18; government assures action against malpractices




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Harness information for progress of country, CSIR DG tells IIIT-H graduates

She was addressing the graduating students of IIIT-H at its 23rd convocation here on Saturday




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‘Rajaram – DCM Shriram Scholarship’ launched at DialogueNEXT conference

It is aimed at fostering the next generation of agricultural scientists




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Nudged out owing to current controversy: Congress on UPSC chairman resignation

Congress president Mallikarjun Kharge alleged the BJP-RSS is systematically indulging in an institutional takeover of India's constitutional bodies