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In the underwriting auctions conducted on August 28, 2020 for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below:
Ajit Prasad Press Release : 2020-2021/244 |
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The lack of field surveys add to the data complexities, with output in several sectors likely to be estimated and later revised once the hard numbers become available in coming months. Measuring last quarter’s GDP has been the "most challenging exercise in a long time," Sumedha Das Gupta, an economist at ICICI Bank Ltd, says.
While the legal opinion made it clear that the Centre did not have to bear the compensation burden, states pointed to the assurance given by former FM Arun Jaitley and provisions in the Constitution to make their claim and were pressing that the Centre should borrow from the market.
The pickup in the gauge, which uses the three-month weighted average to smooth out volatility in the single-month readings, holds out hope for a gradual recovery. The world’s biggest lockdown brought activity to a virtual halt last quarter, with data due Aug. 31. likely to show gross domestic product declined 19.2% from a year ago.