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Monetisation is the third unconventional alternative for governments to raise funds other than borrowing and raising revenue through tax and divestment. Monetisation occurs when the central bank buys bonds directly from the government.
Lenders told to refund interest on interest The RBI has asked all lenders to compensate borrowers with interest on interest charged between March 1, 2020 and August 31, 2020. This will apply to all borrowers irrespective of whether the moratorium had been fully or par… Read MoreStocks in the news: Ashok Leyland, GCPL, Vedanta, DRL, Tanla Platforms and YES BankGold refiner Rajesh Exports said it has secured an order worth Rs 745 crore from Germany.
from Stocks-Markets-Economic Times https://ift.tt/3dImpO7
… Read MoreAuto investors risk losing out if they don't own Tesla shares: Morgan StanleyTesla shares closed down 3% at $670.97 Wednesday, their biggest drop since March 26.
from Stocks-Markets-Economic Times https://ift.tt/2RhdRq5
… Read MoreSGX Nifty up 60 points; here's what changed for market while you were sleepingAsian equities were trading mixed on Thursday after minutes from the Federal Reserve's latest meeting reiterated its commitment to keep interest rates low until the US economy makes a more secure recovery. Japan's Nikkei fell… Read MoreFaceless schemes: Govt issues over 1 lakh tax ordersThe government has shifted to a faceless assessment and appeal mechanism to ensure that there is no face-to-face interaction with tax officers to avoid complaints of harassment. While the assessment system is stabilising, the… Read More
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