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Second Covid wave unlikely to derail India’s growth: RBI Governor

Second Covid wave unlikely to derail India's growth: RBI Governor

By Administrator_India Capital Sands Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday expressed confidence that the second wave of Covid infections will not derail India’s economic journey. He maintained the RBI’s recent 10.5-per cent growth forecast for the coming fiscal year (2021-22, or FY22). His assurance assumes significance amid apprehensions about surging new Covid infections and …

Coal India approves 32 mining projects worth Rs 47,000 cr this fiscal

Coal India approves 32 mining projects worth Rs 47,000 cr this fiscal

By Administrator_India Capital Sands National miner, Coal India limited (CIL), said it has approved 32 new coal mining projects in the ongoing financial year with an estimated cost of Rs 47,000 crore. Of the 32, twenty-four are expansion of existing projects and the remaining eight are greenfield. The combined incremental peak capacity of these projects is projected at 193 …

Enforcement Directorate slaps money laundering case on Franklin MF

Enforcement Directorate slaps money laundering case on Franklin MF

By Administrator_India Capital Sands Franklin Templeton Mutual Fund (MF), which shut its six schemes in April 2020, is facing the heat from the Enforcement Directorate (ED) and the Securities and Exchange Board of India (Sebi). According to sources, while the ED has registered a money-laundering case against the fund house and eight others, the market regulator has issued …