Must Read News Articles-June 29th 2019

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President Trump promises a ‘very big trade deal with India’

Prime Minister Narendra Modi and U.S. President Donald Trump held “very open and productive” talks on the sidelines of the G-20 summit in Osaka.

‘Move on electric vehicles is well-thought-out’

Countering the industry’s claims that the NITI Aayog’s proposal for transition to electric vehicles (EVs) was “unrealistic” and “ill-timed”, the NITI Aayog has said that the move on electric vehicles is well thought-out

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Current account deficit tapers

India’s current account deficit (CAD) for the January-March period narrowed to 0.7% of the GDP, or $4.6 billion

Small savings schemes interest rates lowered

The government has reduced the interest rates on small savings schemes such as the Senior Citizen Savings Scheme, Public Provident Fund, Kisan Vikas Patra and the Sukanya Samriddhi Yojana.

Trade war makes India a haven for aluminium scrap dumping

India has overtaken China as the preferred destination for aluminium scrap with imports growing 18.8% in the January-March 2019 quarter compared with the same quarter of the previous year

Fiscal deficit at 52% of full year target

The government’s fiscal deficit touched 52% of the Budget estimate for the full year in the first two months of 2019-20.

India got $1.81 bn FDI from China in five years: Goyal

India has received $1.81 billion (about Rs. 12,474 crore) foreign direct investment from China between April 2014 and March 2019.

Desert-dwelling carnivorous dinosaur’s bones found in Brazil

A desert-based carnivorous dinosaur that used claws to capture small prey 90 million years ago has been unearthed in southern Brazil.

Even central banks need ‘capital’ infusion

Professor Pulapre Balakrishnan advocates that Reserve Bank of India and the economic policy-making establishment will take into account the evolving understanding of macroeconomics globally.

Things to do to avoid another water crisis

The recent Chennai water crisis has prompted a better and more efficient use of water.

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