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EU, Canada red-flag India?s crop cover scheme at WTO

Fresh trouble is in store for India at the World Trade Organisation (WTO), with the EU, Canada, Australia and Thailand questioning Prime Minister Narendra Modi?s crop insurance scheme for farmers. The countries have sought details from India at the multi-lateral…

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No new taxes in Haryana budget

No new taxes have been proposed in the Haryana government’s budget for 2016-17, despite the additional burden of the financial rescue package for power distribution companies and implementation of the pay commission recommendations. The total budget estimate of Rs 69,140…

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RBI to cut rates by 25 bps on April 5: Deutsche Bank

Demand for policy rate cut may be considerable, but given the central bank’s inflation target, rate cut space is scant, and the Reserve Bank is likely to cut only 25 bps in the upcoming monetary policy, a Deutsche Bank report…

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Bharti Airtel to sell tower assets in Tanzania for $180 mn

Bharti Airtel is continuing to monetise its passive infrastructure assets in Africa. The company said on Monday it had entered into an agreement with American Tower Corporation (ATC), through its subsidiary, Airtel Tanzania, to sell 1,350 towers in the latter…

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Rate cut hope drives Sensex to 3-month high

Indian markets on Monday posted their biggest single-day gain in about two weeks, led by banking and realty stocks on expectations that the Reserve Bank of India (RBI) would reduce borrowing rates after the government cut rates on small savings…

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FIPB clears 15 FDI proposals worth Rs 7,262 crore

Japanese insurer Nippon Life Insurance, Tata AIA and Aviva Life were among the 15 companies whose foreign direct investment proposals totalling Rs 7,262 crore have been approved by the FIPB. Besides, the proposal of Yes Bank to hike foreign investment…

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Banks' deposit base to take Rs 1.5-2 lakh cr hit

Indian banks are staring at a deposit erosion of Rs 1.5-2 lakh crore between September and November as foreign currency non-resident deposits (FCNR) mobilised in 2013 mature around that time. This could result in an acute liquidity shortage and a…

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