Covid pandemic boosts billionaires' share of global household wealth

The World Inequality Report produced by a network of social scientists estimated that billionaires this year collectively own 3.5% of global household wealth

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China says US diplomatic boycott of Winter Games violates Olympic spirit

China on Tuesday accused the United States of violating the Olympic spirit by announcing an American diplomatic boycott of February's Beijing Winter Games

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Indian Hotels, IRCTC: Are travel related stocks a risk bet or a smart buy?

Any positive development in the travel industry may boost related stocks.

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India has 4th largest foreign exchange reserves in world: MoS finance

India currently has the fourth largest foreign exchange reserves in the world, Minister of State for Finance Pankaj Chaudhary told Lok Sabha on Monday. As on November 19, 2021, he said the forex reserve stood at USD 640.4 billion. Replying to another question, he said the details of the holders of P-Notes/ offshore derivative instruments (ODIs) as well as beneficial owners of holders of ODIs, identified in terms of Rule 9 of the Prevention of Money laundering (Maintenance of Records) Rules, 2005, are reported to Sebi on a monthly basis by ODI issuing foreign portfolio investors (FPIs). Further, ODIs issuing FPIs are required to maintain with them at all times the KYC documents regarding ODI subscribers and make them available to Sebi on demand, he said. In reply to another question, Chaudhary said the total excise duty, including cesses collected from petroleum products, during past seven financial years (2014-15 to 2020-21) stood at about Rs. 16.7 lakh crore. "The total central .

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India, Russia ink four defence pacts; resolve to expand military ties

India and Russia on Monday inked an agreement for joint production of over six lakh AK-203 assault rifles at a manufacturing facility in Uttar Pradesh's Amethi besides firming up another pact on military cooperation for 10 years. The rifles will be manufactured for the Indian armed forces at a cost of around Rs 5000 crore. The agreements were signed at the 20th meeting of the India-Russia Inter-Governmental Commission on Military and Military-Technical Cooperation (IRIGC-M&MTC). The meeting, co-chaired by Defence Minister Rajnath Singh and his Russian counterpart Gen Sergey Shoigu, also discussed ways to further boost strategic cooperation including ramping up of joint production of military equipment. The two sides also inked a pact on amending the agreement on cooperation in the field of manufacturing of the Kalashnikov series of small arms that was originally sealed in February 2019. Another agreement was signed on the protocol of the 20th IRIGC-M&MTC, officials said. The ..

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Indian selectors face tricky questions after series win against New Zealand

Mayank Agarwal, Jayant Yadav, Shreyas Iyer and Mohammed Siraj are not the first-choice players in the Indian team, but all of them played key roles as India sealed a series victory against New Zealand

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China central bank cuts reserve requirement ratio as economy slows

The People's Bank of China will reduce the reserve requirement ratio by 0.5 percentage point for all banks except those that are already on the lowest level of 5%, according to a statement

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Mansukh Mandaviya, Om Birla inaugurate health camp at Parliament

Union Health Minister Dr Mansukh Mandaviya and Lok Sabha Speaker Om Birla on Monday inaugurated a mega health camp at the Parliament Annexe building.Rajya Sabha Deputy Chairman Harivansh, Union Ministers Dr Bharati Pawar, Pralhad Joshi and Arjun Ram Meghwal were also present on the occasion.The health check-up camp will provide health awareness and diagnostic services to MPs, ministers and others. The camp has been set up for a period of 10 days.

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Trade unions to observe two-day nationwide strike on Feb 23-24

A joint platform of central trade unions has given a call for a nationwide general strike on February 23 and 24 during the Budget Session of Parliament

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