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As demand for credit rises in India, banks may soon be rushing to get deposits - (A)

Credit growth in India hit a three-year high and is expected to rise further as economic activity gains traction, but much slower deposit growth could prompt banks to seek funding and raise interest rates. deposit quickly, analysts and bankers said. Deposit growth has taken a hit as high inflation led to lower savings and depositors …

Centre's budget deficit at Rs. 3.52 lakh crore for April-June, 21% of FY23 target - (A)

The central government budget deficit stood at Rs 3.52 lakh crore from April to June, 21.2 percent of the full-year target, according to data released by the Comptroller General on July 29. The budget deficit in the first three months of FY22 was Rs 2.74 crore. This means that the budget deficit for the first …

5 myths about money that women should bury - (A)

“Kids and family should be my priority, not my personal investments. … “Women are not good with numbers” … “Investments and taxes are too complicated for women to understand” … You would hear people, including some women, repeat those lines over the years. This is despite the fact that women carefully follow their financial plans …

Yes, mutual fund name changed to White Oak Capital, CEO tweetsumet - (A)

In a tweet on Jan. 13, Aashish P. Sommaiyaa, CEO of White Oak Capital, the latest addition to the mutual fund space, announced that the name had changed from YES Asset Management to Whiteoak Capital Asset Management. The change will take effect on January 12, 2022. Sommaiyaa also said that YES Mutual Fund will now …

Cannabis Day - India needs political reforms to spark a cannabis wellness revolution-(A)

April 20 marks Cannabis Day, an international celebration of the potential of medical cannabis and cannabis culture in general. It is a day when people from all over the world come together to advocate for the liberalization and legalization of cannabis. Over time, this day has become a remarkable occasion for cannabis enthusiasts to come …

India ends FY22 with a 2.6% drop in oil output - (A)

India’s crude oil production fell 2.67% in the year ended March 31 as the state-owned ONGC produced less than target, but natural gas production rose on the back of KG production per part of Reliance-BP. According to official data released by the Ministry of Petroleum. India’s crude oil production has declined in recent years. From …

EPFO adds 14.12 lakh subscribers in February, up 14% on year - (A)

Pension fund EPFO said on Wednesday that it added 14.12 lakh subscribers in February 2022, up 14% from the 12.37 lakh subscribers in the same month a year ago. “Preliminary EPFO payroll data released today shows that EPFO added 14.12 lakh net subscribers in February 2022,” the Department of Labor said in a statement. Data …

Fertilizer subsidies to hit record Rs 1.65 crore in FY23 - report - (A)

Fertilizer subsidies are expected to hit an all-time high of Rs 1.65 crore this fiscal year against the budget estimate of Rs 1.05 crore due to an unprecedented rise in the cost of raw materials and fertilizers in the world, according to a report. India’s fertilizer subsidies are expected to reach a record Rs 1,650 …

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