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  • US unemployment rate rises to 4.3%.
  • Centre’s debt may rise to about 56.8% of the GDP. The Government has planned to bring this ratio down.
  • India could be a major exporter of labour and the remittances could hit almost $160 billion by 2029.
  • Carlyle to sell upto 6.4% stake in PNB Housing Finance.
  • Banks faces 7-year backlog in debt recovery cases.
  • About 6 crores IT returns have been filed for the income earned in 23-24.
  • Maharashtra, Tamil Nadu and Gujarat are the front runners for Tesla’s manufacturing unit in India.
  • Vedanta merged many of its businesses in the metals sector, mining sector, crude oil exploration sector. They did this in the last 20 years. Now they are demerging various businesses into five verticals. The five verticals could be Oil and Gas, Power, Steel and Ferrous Materials, Base Metals and Holding company Vedanta.
  • IOCL’s dedicated jetty at Kamarajar Port to be operational by December.
  • Growth of the eight key sectors in India slowed to 4% on an annual basis in June.
  • Top private lenders see farm loan defaults rising amid weak rural economy.
  • India’s diesel and jet fuel shipments to Singapore and Australia are set to hit the highest levels in 2.5 years as the Western business is weak and India starts looking east.
  • GST collection for July 2024 stood at Rs 1.82 lakh crores in July about 10.3% higher than in the last July 2023.
  • ATF prices hiked by 2%. Commercial LPG up Rs 6.5.
  • Adani to set up about 1600 MW power plant in MP.
  • Cabinet approves eight National High Speed Road Corridor projects at Rs 50655 crores.
  • CAG has said that Telangana has a debt of around Rs 2.86 lakh crores and it needs to pay up.

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