SP slashes India’s GDP growth forecast to 9.8%

New Delhi, May 5 Samp;P Global Ratings on Wednesday slashed India’s GDP growth forecast for the current financial year to 9.8%, saying the second Covid wave may derail a budding recovery in the economy and credit conditions. The US-based rating agency in March had forecast 11% GDP growth for India…

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Now, bank KYC details can be updated by December

Mumbai, May 5 The RBI on Wednesday asked banks and other regulated financial entities not to impose any punitive restriction against customers for failure to update KYC till December-end, in view of the second wave of coronavirus cases. Regulated entities are being advised that for the customer accounts where…

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TRIPS pact waiver for tackling COVID-19 to help save lives, recover trade: India to WTO

New Delhi, May 5 A temporary waiver of certain provisions of intellectual property rights’ agreement for tackling COVID-19 will help in saving valuable human lives and accelerate the recovery of global trade and world GDP, according to Brajendra Navnit, Indian Ambassador and Permanent Representative to the World Trade Organisation. The…

View More TRIPS pact waiver for tackling COVID-19 to help save lives, recover trade: India to WTO