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Slowdown cyclical, but deep reforms needed, says RBI
The slowdown in the Indian economy could be cyclical, with deep structural problems requiring urgent reforms, according to the Annual Report of the Reserve Bank of India (RBI), released on Thursday.
The macroeconomic environment remains “unsettled and financial markets are experiencing considerable flux” as the financial year 2019-20 progresses, the report said. Read more
A first in 10 years: Aditya Birla group slips into red as Voda Idea bleeds
For the first time in at least a decade, Aditya Birla group companies reported losses at the group level in
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