Daily Newsletter | Thursday, October 05, 2017
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| RBI lowers GDP forecast to 6.7%, says next quarters will be better |
| Announcing the decision of the Monetary Policy Committee on Wednesday, RBI governor Urjit Patel cautioned against a fiscal stimulus, pointing to the combined (central and states) fiscal deficit of 6%. “We should be very cautious lest fiscal actions undercut macroeconomic stability,” he said. |
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| Don’t be gloomy over 1 quarter of slow growth: PM |
| “We will maintain financial stability and initiate all steps to step up investment and the growth rate. I want to assure you the steps initiated by the government will put the country in a league of development,” PM Modi said while addressing company secretaries. |
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| ‘BHU hospital used industrial gas for anaesthesia’ |
| A joint investigation team of the Centre and UP government, probing an unusually high number of deaths within three days in the surgery ward of a hospital attached to the controversy-hit Banaras Hindu University, has found that industrial-grade gas, not permitted in medicine, was being used for administering anaesthesia to patients undergoing surgery. |
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| India to renegotiate LNG rate with US, Russia |
| After getting Qatar and Australia to lower gas price, India is seeking to renegotiate rate of LNG it has contracted from the US and Russia to reflect current market realities, GAIL Chairman and MD B C Tripathi said on Wednesday. |
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| Amazon to double price of Prime service to Rs 999 |
| Amazon says Prime subscribers typically buy more than non-Prime users. One out of three orders placed on its platform is from Prime subscribers and their purchasing power sees an uptick during festive seasons and major sale events. |
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