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RBI keeps rates at record low on virus fallout, projects retail inflation at 5.1%

According to Das, upside risks to inflation emanates from persistence of second COVID wave and consequent restrictions on activity on a virtually pan-India basis.

“In such a scenario, insulating prices of essential food items from supply side disruptions will necessitate active monitoring and preparedness for coordinated, calibrated and timely measures by both Centre and state governments to prevent emergence of supply side bottlenecks and increase in retail margins,” the governor said.

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India’s daily new COVID-19 cases decline to 1.32 lakhs, fatalities at 2,713

India’s active caseload further declined to 16,35,993 as active cases decreased by 77,420 in the last 24 hours. The active cases in the country have been less than 2 lakhs since eight successive days. The daily positivity rate stands at 6.38 per cent, remaining below the 10 per cent-mark for 11 consecutive days, while the weekly positivity rate stands at 7.27 per cent.

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Retired babus taking up private sector jobs soon after retirement is serious misconduct: CVC

In an order, it also said that all government organisations should mandatorily take vigilance clearance before offering post-retirement jobs to babus.

In case a retired officer served in more than one organisation, the vigilance clearance should be obtained from all organisations where the retired officer had served during a period of 10 years prior to his retirement, it said mentioning the procedure.

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Niti Aayog submits names of PSU banks to be privatised to Core Group of Secretaries on Disinvestment

Industry sources say the likely names are Mumbai based Central Bank and Pune based Bank of Maharashtra. 
Following the clearance from the Core Group of Secretaries, headed by the Cabinet Secretary, the finalised names will go to Alternative Mechanism (AM) for its approval and eventually to the Cabinet headed by the Prime Minister for the final nod.

Changes on the regulatory side to facilitate privatisation would start after the Cabinet approval.

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