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The US has decided to take India out of the Generalized System of Preferences (GSP), striving hard on trade issues.US President Donald Trump announced on March 4 to take India out of GSP (Generalized System of Preferences). India, which exports the United States under GSP, imports the non-taxable goods on those products. GSP ie Generated

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The Central Statistics Office has released GDP (gross domestic product) and employment data on Friday. The January-March period has increased by 5.8 percent. That is, India’s GDP growth rate has come down to the lower level of the last five years. With this, India lagged behind China For the first time in a year and a

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Export Credit Guarantee Corporation of India Ltd. in India (ECGC) is a Government of India Enterprise founded on 30 July 1957. Its headquarters are in Mumbai, Maharashtra. ECGC provides export credit insurance facilities to exporters and banks in India. It was established to enable exporters to expand their overseas business without fear of loss. It

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Banking Business Economy, Banking notes 0 Comments

Banks in India can be broadly classified under two heads — (1).commercial banks and (2) co-operative banks. While Commercial banks are both nationalized and private banks which are very important for an economy, co-operative banks also play an important role. Initially, the co-operative banks were set up to supply rural credit,and particularly money lenders, today

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