The Reserve Bank of India (RBI) has increased the minimum daily Cash Reserve Ratio (CRR) maintenance requirement for scheduled banks to 99 per cent from the existing 90 per cent, effective from the fortnight beginning October 16, 2026.
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Global trade is projected to grow by 4% in 2026, which is slower than the 4.4% expansion in 2025. Increased trade values are driven by rising prices and strategic sector challenges due to policy changes. Trade between China and the…
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India’s external affairs ministry expressed strong disapproval of JD Vance’s remarks about H-1B workers, labeling them as deeply offensive. They emphasized that current H-1B visas continue to be valid, notwithstanding modifications to the PERM program. Vance’s allegations against firms like…
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The proposed levy covers plastic waste, discarded tyres, electrical and electronic scrap, and used cooking oil. Under the framework, registered buyers will have to deduct TDS when purchasing from registered suppliers and pay GST under RCM on purchases from unregistered…
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A new agreement aims to increase diesel supplies from Russia to the U.S., while experts doubt it will lower prices. The current high diesel prices have significantly impacted inflation and consumer goods, which have raised concerns before upcoming elections. Analysts…
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The African Union established the Africa Credit Rating Agency to provide better assessments for African economies. This initiative aims to address global rating agencies’ perceived biases and shortcomings. Credit ratings for African nations currently suffer from a significant information gap…
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