Manmohan Singh, the trailblazer of new economic policy (NEP) reforms is no more. In 1991, Indian economy was opened up, from the suffocating autarky, under the able guidance of then Finance Minister Manmohan Singh.From a pathetic forex level, insufficient to finance a few week of imports, India did take off towards liberalisation, globalisation and privatisation under his term as finance minister.
Open FlipIndia’s banking system liquidity deficit is set to widen further in the upcoming quarter, leading to more voices demanding durable liquidity injection. The banking system’s liquidity shortfall has jumped to its highest level in nearly seven months due to tax outflows and central bank’s regular foreign exchange intervention, market participants have said.
Open FlipThe domestic benchmark indices, Nifty 50 and Sensex, began the day flat but showed signs of an upward trend, fueled by optimism for a year-end rally. Prashanth Tapse recommends buying these three stocks in the short term - 📌Bharat Electronics Ltd (BEL) 📌Himadri Speciality Chemical Ltd (HSCL) 📌Mahindra & Mahindra (M&M.
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