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Moody’s upgrades India’s rating outlook to ‘stable’ from ‘negative’

Rating agency Moody’s Investors Service has upgraded India’s sovereign rating outlook to ‘stable’ from ‘negative’ , on October 05, 2021, following an improvement in the financial sector and faster-than-expected economic recovery across sectors. However, Moody’s had retained India’s sovereign rating at Baa3. “Following a deep contraction of 7.3% in fiscal 2020 (ending March 2021), Moody’s expects India’s real GDP to surpass […]

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RBI grants a license to NARCL under Sarfaesi Act

The Reserve Bank of India (RBI) on October 4 gave license to the ₹6,000 crore National Asset Reconstruction Company Ltd. (NARCL), a move that will help kickstart operations of the bad bank. The Reserve Bank of India (RBI) has approved the license of the National Asset Reconstruction Company Limited (NARCL) under section 3 of the SARFAESI Act 2002. The

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Centre approves setting up 7 PM MITRA Parks at Rs. 4,445 crore in 5 years

In order to build an Aatmanirbhar Bharat and to position India strongly on the Global textiles map, the Government has approved the setting up of 7 PM MITRA parks as announced in the Union Budget for 2021-22. PM MITRA is inspired by the 5F vision of the Prime Minister. The ‘5F’ Formula encompasses – Farm

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Alibaug white onion from Maharashtra gets GI tag

The famous Alibaug white onion from Maharashtra’s Raigad district has received the Geographical Indication (GI) tag on September 29, bringing worldwide recognition to its unique sweet taste, no-tears factor, as well as its medicinal properties.

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Arvind Trivedi, best known for his role as ‘Raavan’ in Ramayan, passes away

Veteran actor Arvind Trivedi, who was best known for his role of Raavan in the much-loved Ramayan by Ramanand Sagar, passed away. He was 82. He was also part of the political field, as an MP from the Sabarkatha constituency in Gujarat, and Arvind was a Member of Parliament from 1991 to 1996 from the

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World Cotton Day: 07 October

The globe marks World Cotton Day on October 7th every year since 2019. The international day aims to celebrate the advantages of cotton, ranging from its qualities as a natural fibre to the benefits people obtain from its production, transformation, trade, and consumption. WCD Day was initiated by the Group of Cotton-4 countries namely Benin, Burkina Faso, Chad, and Mali to

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Assam: Vice President inaugurates Mahabahu Brahmaputra River Heritage Centre

Vice President Venkaiah Naidu, on Sunday, inaugurated the Mahabahu Brahmaputra River Heritage Centre at Panbazar in Guwahati, Assam. The centre was originally served as the residence of the British deputy commissioner of Kamrup. Nearly 150 years after it was constructed, the iconic DC Bungalow of Guwahati was opened to the public as a heritage centre. The new heritage centre in Guwahati is now

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Prof Eric Hanushek and Dr. Rukmini Banerji awarded the 2021 Yidan Prize

Professor Eric A. Hanushek and Dr Rukmini Banerji have been awarded the 2021 Yidan Prize for Education Development for improving learning outcomes in schools at scale. They will join nine laureates who have been awarded the Yidan Prize since its inception in 2016, established by the Yidan Prize Foundation – a global philanthropic education foundation that inspires progress and change in

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Eric Braganza appointed as CEAMA president

The Consumer Electronics and Appliances Manufacturers Association (CEAMA) said Eric Braganza has been appointed as its president for a two-year term. Braganza, who heads Haier Appliances India, succeeds Godrej Appliances Business Head and Executive Vice-President Kamal Nandi for the CEAMA chair. Braganza, an alumnus of Sri Ram College of Commerce, Delhi, has over 35 years and has held

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Atal Bihari Vajpayee’s Former Private Secretary Shakti Sinha passes away

Shakti Sinha, former bureaucrat, and academician who was private secretary to late prime minister Atal Bihari Vajpayee, passed away. He was 64. According to sources, Sinha was suffering from high blood pressure and was rushed to RK Hospital in IP Extension when he complained of uneasiness. He collapsed at the hospital, the source said. Sinha, an IAS officer

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