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In an interaction with Moneycontrol, Krishnamurthy Subramanian also said that the idea of a #39;bad bank#39; was being discussed ahead of the Budget, and that a counter-cyclical fiscal policy was part of pre-Budget deliberations.
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From the stock market perspective, investors and businesses are pinning high hopes on the budget and any disappointment could lead to profit-taking.
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India’s services export growth moderated to 2.5 percent in 2019-20 from 6.6 percent in 2018-19 as receipts primarily on account of transportation, insurance and communication services
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While Nirmala Sitharaman’s immediate predecessors – the late Arun Jaitley, P Chidambaram, Pranab Mukherjee – faced many economic headwinds during their time, the enormity of the challenges faced was perhaps not even close to what she sees in front of her right now.
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FDI equity inflows in April-November 2020 rose by 37 percent (YoY) to $43.85 billion.
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