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PM Narendra Modi s global approval rating falls to 66%, but beats that of Joe Biden, Angela Merkel
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No time to waste warns Japan climate activist Kimiko Hirata
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The best fixed income investments in a low interest rate regime © Faizan Javed The best fixed income investments in a low interest rate regime
Some argue that interest rates (and not stock markets) are true indicators of economic growth in the country. When interest rates were 12-14 percent, way back in the early 2000s, our economy was growing at lightning fast speed and now when the rates are down to 4-5 percent our growth has also slowed down drastically.
Double-digit interest rates from fixed deposits (FDs) or other fixed interest bearing instruments that we used to earn 10 years back, now look like a pipe dream. The trajectory seems to be moving downward – at the least, we do not see high interest rate FDs coming back in the near future.
COVID-19 | India to import 4.5 lakh vials of remdesivir Moneycontrol 10 hours ago © Faizan Javed COVID-19 | India to import 4.5 lakh vials of remdesivir
India will import 4.5 lakh vials of COVID-19 drug remdesivir. The Union Ministry of Chemicals and Fertilizers said the first consignment of 75,000 vials will reach India on April 30.
HLL Lifecare has ordered 4.5 lakh vials from Gilead Sciences and Egypt-based Eva Pharma. It is expected that Gilead Sciences Inc USA will dispatch 75,000 to 1,00,00 vials in the next one or two days. Further one hundred thousand quantities will also be supplied before or by May 15. EVA pharma will supply approximately 10,000 vials initially followed by 50,000 vials every 15 days or till July, the ministry said in a statement.
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