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Recovery News - Latest Updates & Headlines

Decline in inflation paves way for higher GDP growth

New Delhi, March 13: The decline in retail inflation to a level that is below the RBI's targeted level of 4 per cent is expected to pave the way for accelerating GDP growth ahead as it provides the central bank with more headroom to cut interest rates and expand liquidity to spur economic activity and create more jobs.

Small traders in Chhattisgarh get benefit from PM SVANidhi Scheme

Gaurela-Pendra-Marwahi (Chhattisgarh), March 10: Small traders in Chhattisgarh's Gaurela-Pendra-Marwahi district are reaping the benefits of the PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) scheme. This initiative has provided much-needed financial support to vendors who struggled during the COVID-19 pandemic and were looking for assistance to rebuild their livelihoods.

Manipur: Arms and ammunitions recovered in joint operations of security forces

Kohima, March 9: In a series of successful joint operations, Indian Army and Assam Rifles soldiers under the Spear Corps launched a large number of operations in the hill and valley districts of Jiribam, Tengnoupal, Kakching, Ukhrul, Imphal East and Imphal West of Manipur in coordination with Manipur Police, CRPF, BSF and ITBP.

Sri Lanka gets fourth tranche of bailout package from IMF for economic recovery

Colombo, March 1: The executive board of the International Monetary Fund (IMF) has announced that it has completed the Third Review under the 48-month Extended Fund Facility (EFF) with Sri Lanka, providing the island nation with an immediate access to Special Drawing Rights (SDR) of SDR 254 million (about US $334 million) to support its recovery from the 2022 bankruptcy.

World Bank to establish one billion USD fund for Lebanon

Beirut, Feb 28: Lebanese Finance Minister Yassine Jaber revealed on Friday that the World Bank is working on establishing a one-billion-US dollar reconstruction fund for Lebanon as part of the ongoing efforts to support the country's economic recovery.