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Government using public money for corporate benefit: CPM

Friday, September 20, 2019, 5:38 PM

The CPM on Friday accused the BJP-led government of amending the Income Tax Act to give concessions to the corporates and superrich to the tune of Rs.1.45L-crore and said the "corporate-communal nexus was imposing greater miseries on the Indian people". In a statement, the CPM politburo said the concessions announced come over the Rs.70,000 crore of concessions to the realty and exports sectors recently.
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India's GDP growth slows to 5% in April-June 2019

Friday, August 30, 2019, 7:56 PM

The Central Statistics Office released the gross domestic-product-numbers for April-June quarter, which showed India's GDP expanded 5% in the quarter through June the slowest pace in six and half-years. The Indian economy grew 5% year-on-year in first-quarter of FY2020, slowing from a 5.8% expansion in the previous-quarter and missing market expectations of 5.7%. It was the weakest growth-rate since the first quarter of 2013.
 
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Banning cryptocurrencies in India not the solution: Nasscom

Tuesday, July 30, 2019, 3:28 PM

Industry body Nasscom (National Association of Software and Services Companies) has opposed the recent proposal for banning cryptocurrencies in India, saying it is "not a solution". "Nasscom believes that the recent proposal of the Inter-ministerial Committee of the government to ban all cryptocurrencies barring those that are backed by the government, is not the most constructive measure," the industry body said in a statement.

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