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PSU banks agree to back stressed power companies

Government-owned banks have agreed to finance distressed power companies undergoing insolvency proceedings after being nudged by the finance ministry, in order to help boost electricity supplies, said two people aware of the development.

RBI News: RBI, government actions can reduce durat…

Days after the surprise rate hike by the central bank, the finance ministry on Thursday said Reserve Bank’s determination to combat inflation will help sustain macroeconomic stability and growth. India was relatively better