Business Standard (BS) News Analysis- Wednesday, December 21, 2022

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This daily news analysis of Business Standards is for business/ management students and faculties, banking job aspirants, civil service aspirants, investors, etc.
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Today's articles are;
1. Upturn in capex cycle on horizon, says RBI report.
2. NRI deposits see a U-turn
3. $922 mn sold in forex mkt in Oct
4. Indians remitted $1.92 bn in Oct
5. Grim global situation casts a shadow on Budget.
6. Fresh formal job creation falls to lowest in 17 months
7. India GDP grew by 9.7% in H1 of FY23: FinMin.
8. Fitch affirms India’s sovereign rating at 'BBB-’
Other News Clips;
9. Share buybacks through stock exchanges to be phased out
10. Govt nod to ~357 crore for Foxconn under PLI
11. India will take 40 years to match China’s car penetration: Bhargava
12. Centre likely to sell 11% in IRFC by FY24
13. Govt may waive tax norms for IDBI Bank buyer

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