In order to understand the impact of announcements made by the government in the federal budget for FY 21-22 and the RBI in its last week’s monetary policy, let us take a step back and assess the global and local economic circumstances. Last year the world was struck by an unexpected event which brought the global economy to a standstill. Lockdowns in all major economies including India led to a global recession.
Nine big financial changes that you must watch out for in October
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