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  • Petrol, Diesel Prices Cut For Fourth Straight Day
    Petrol, Diesel Rate Today: Currently, oil marketing companies such as state-run Indian Oil review the domestic rates of petrol and diesel on a daily basis and implement any changes at fuel stations with effect from 6 am.
  • Davos Diplomacy Likely Between India, Malaysia To Defuse Palm Row
    India has repeatedly objected to Malaysian Prime Minister Mahathir Mohamad speaking out against its recent policies which critics say discriminate against Muslims. Malaysia, a Muslim-majority nation, is the second biggest producer and exporter of palm oil and India's restrictions on the refined variety of the commodity imposed last week have been seen as retaliation for Mr Mahathir's criticism of New Delhi's actions.
  • Amid NBFC Crisis, State Bank Reminds RBI Of Its Role As Lender Of Last Resort
    The NBFC sector has been in turmoil since 2018 after the collapse of infrastructure lender IL&FS. Asked several times, the RBI has refused to play its role as the lender of last resort, terming the problem at select NBFCs as one created because of asset-liability mismatches.
  • Foreign Exchange Reserves Rise By $58 Million To Record High Of $461.21 Billion
    The country's foreign exchange reserves rose by $58 million to reach a life-time high of $461.21 billion in the week to January 10.
  • How Indian Economy Fares Globally Ahead Of Union Budget 2020
    India and China had the same GDP in 1950 and China's GDP per capita lagged countries such as Cambodia, Kenya and Sierra Leone as late as the 1960s. China witnessed a meteoric rise from the late 1970s to become the world's second largest economy, next only to United States, as the path-breaking reforms initiated by Deng Xiaoping propelled the largely agrarian society to the industrial powerhouse of today.
  • European Union Warns Of WTO Challenge If China-US Deal Creates ''Distortions''
    In our opinion, quantitative targets are not WTO-compatible if they lead to trade distortions," Mr Chapuis said. "If it were to be the case, we will go to the WTO to settle this matter." He said that during a meeting at the Chinese foreign ministry, he was given "formal assurances that in absolutely no way would European businesses be affected by the US-China deal".
  • India Treats All Trade Partners Equally: Piyush Goyal
    Replying to a question during a panel discussion at the event, he said that India has not put any curbs on imports from either Malaysia or Turkey - which have been critical of the Modi government's decisions on Jammu and Kashmir - nor does it plan to do so.
  • India, U.S. Closer To Resolving Some Trade Issues: Piyush Goyal
    "With the U.S. we are at an advanced stage of dialogue to sort out some of the pressing issues," Mr Goyal said at a security conference in New Delhi.
  • Ex-Finance Ministry Official Questions Fiscal Deficit Numbers
    Subhash Chandra Garg, a former finance ministry official who worked on the current fiscal year's budget targets, sees the real shortfall -- which includes on- and off-budget borrowings -- widening to at least 4.5 per cent against 3.55 per cent estimated previously.
  • How China Tariffs On US Commodities, Energy Stand After Phase 1 Trade Deal
    A senior Trump administration official confirmed on Wednesday that China will need to issue waivers or adjustments to tariffs to meet its buying commitments.
  • RBI Rejigs Deputy Governors Portfolios, Michael Patra Heads Monetary Policy Wing
    As Executive Director, Mr Patra was already a member of the RBI's Monetary Policy Committee (MPC). He will now handle the monetary policy department.
  • Budget Estimates From Disinvestment Likely To Be Rs 1 Lakh Crore: Report
    The Union Budget is likely to keep the disinvestment estimates at almost the same level as in the current fiscal, people in the know of the matter said.
  • Gold Hallmarking Process Begins Today. Here's All You Need To Know
    Mandatory hallmarking process of gold jewellery and artefacts will begin from today, Ministry of Consumer Affairs said in a press release.
  • Government Plans New Law To Protect Foreign Investment: Report
    India is entangled in more than 20 such overseas arbitration cases - the most against any country - brought by companies including Vodafone, Deutsche Telekom and Nissan Motor Co for disputes over retrospective tax claims and breach of contracts.
  • From GDP Expansion To Demand: Key Challenges Facing India Ahead Of Budget 2020
    As Finance Minister Nirmala Sitharaman gears up to present her second Union Budget, all eyes are on any new announcements to revive the economy. After holding its position as the world's fastest-growing major economy for four years, India was predicted to emerge as the third largest economy after the US and China. But that script has gone awry in the past year. While the government has projected GDP expansion to hit the worst level recorded in 11 years, consumer confidence has dropped to the lowest since 2014. With the annual budgetary exercise just a fortnight away, economists highlight some key challenges facing the finance minister in pushing the economy to the governments ambitious target of $5 trillion by 2024.

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