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People’s Bank of China pares state in HDFC to less than 1%

Central Bank cuts holding in the wake of centers curbs on the Chinese investments. People’s bank of China (PBOC), the country’s central Bank, has cuts its stake in mortgage lender housing development Finance corp, ltd. in the quarter ended June 30., according to share holding data filed by HDFC with the stock exchange. The Chinese …

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PM announces Rs.20 lakh crore economic stimulus package for country:

Prime Minister Narendra Modi on Tuesday said a new lock-down 4.0 beyond may 17 was in offing, while announcing an economic stimulus package for Rs 20 lakh crore (estimated 10% of the GDP), with clearly fined leap towards economic reforms that will, in his words, lead to atma-nirbhar Bharat, or a self-reliant, resilient India. Also, …

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