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RBI MONEY MARKET OPERATIONS

MUMBAI, April 4 (PTI) Money Market Operations as on April 1, 2022 (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume Weighted (One Leg) Average Rate RANGE A. Overnight Segment 0.00 - - I. Call Money 0.00 - - II. Triparty Repo 0.00 - - III. Market Repo 0.00 - - IV. Repo [...]

Sri Lanka to have new Cabinet amidst worst economic crisis

Colombo, Apr 4 (PTI) A new Sri Lankan Cabinet is expected to be sworn in on Monday as part of the government’s bid to tackle the raging public anger against the ongoing economic hardships caused by the island nation’s worst economic crisis. On Sunday night, all 26 ministers submitted letters of resignation. Speaking to reporters, [...]

Engineering exports expected to sustain growth momentum despite geopolitical tension: EEPC

Kolkata, Apr 3 (PTI) Engineering Exports Promotion Council on Sunday said shipments are expected to sustain the growth momentum in the current financial year despite challenges of cost pressure and emerging geopolitical tension due to the Russia-Ukraine crisis."Engineering goods exports topped USD 111 billion in FY'22 and are expected to sustain the growth momentum in [...]

J&K fruit growers blame horticulture dept for crop losses

Bhaderwah/Jammu, Apr 3 (PTI) Fruit growers of Jammu and Kahsmir's Doda district accused the horticulture department of having failed to provide them enough pesticides and information about disease forecast and other modern technologies, leading to loss of crops every season. Local authorities, however, said they have not received any such complaints, and assured prompt action [...]

India, Aus set up committee to start negotiations for expanding interim pact into CECA

New Delhi, Apr 3 (PTI) After the signing of the interim trade agreement between India and Australia, a committee formed the two nations will start talks within two-and-a-half months for transforming the early pact into a full-fledged comprehensive economic cooperation agreement (CECA), according to official documents. The interim pact or India-Australia Economic Cooperation and Trade [...]

FY23 GDP growth estimated at 7.4 pc: Ficci

New Delhi, Apr 3 (PTI) India's GDP is estimated to grow at 7.4 per cent in the financial year 2022-23 with rising prices triggered by the Russia-Ukraine conflict posing as the biggest challenge to the global economic recovery, Ficci's Economic Outlook Survey released on Sunday said. According to the survey, the Reserve Bank of India [...]

Sri Lanka restores social media platforms after 15 hours

Colombo, Apr 3 (PTI) The Sri Lankan government on Sunday lifted the ban it had imposed on social media platforms such as WhatsApp, Twitter, Facebook and Instagram after declaring a nationwide public emergency and effecting a 36-hour curfew ahead of a planned anti-government rally over the worst economic crisis in the island nation. The services [...]