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Tags: Economics/Business
1. Visa complains to US govt about India backing local rival RuPay
2. Government approves strategic disinvestment of Central Electronics Ltd.
3. Direct tax collection grew by 68%
4. RBI Supersede Reliance Capital Board
The Reserve Bank of India (RBI) on November 29 said it has superseded the board of Reliance Capital due to the defaults of the company in meeting various payment obligations.
RBI has appointed Nageswar Rao Y, former executive director of Bank of Maharashtra as the Administrator of the Company.
5. Indian Economy grew by 8.4% in July-September 2021-22(2nd Quarter).
The National Statistics Office, under the Ministry of Statistics and Programme Implementation, has released the economic data regarding the second quarter (July-September) of 2021-22.
6. GST Collection Increased
Gross Goods and Services Tax (GST) collections hit ₹1,31,526 crore in November, the second highest since the GST was implemented in July 2017 and the second month in a row that collections have crossed ₹1.3 lakh crore.
7. 30 Billion Dollar of India-China Trade Deficit in First two quarters of Financial Year 2021-22
8. Debt to GDP Ratio of States Worrying as per Reserve Bank of India (RBI) Report
The Combined Debt to GDP ratio of states is expected to remain at 31% by end March 2022
This is published by RBI in its report ‘State Finances: A Study of Budgets of 2021-22’
According to the report the target was 20% for 2021-22, so the estimated figures are really worrying.
9. Export Dip widens Trade Deficit to record 23.27 Billion Dollars
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