Wholesale price inflation touches 3.1%

The rate of price rise for food articles stood at 11.51 per cent during January as against 2.41 per cent a month earlier, while for non-food articles it rose nearly three-fold to 7.8 per cent from 2.32 per cent in December, the data released by the ministry of commerce and industry on Friday showed.

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RBI Assistant Prelims 2020: Exam Begins Today For Recruitment in 926 Posts, Here’s What Not to Miss

RBI Assistant Prelims 2020: The Reserve Bank of India (RBI) Assistant prelims 2020 exam has begun and will be conducted through February 14 and February 15. The exam will be conducted for the recruitment of a total of 926 candidates for Assistant posts.

The exam, which will be conducted online, has three stages – the preliminary test, main exam and language proficiency test. Those who clear the prelims will have to appear for the RBI Assistant Mains 2020 which is scheduled to be conducted next month, in March.

Here’s what to keep in mind:

-The RBI Assistant Prelims 2020 will be conducted through online mode at respective exam centres.

-It is mandatory for candidates to carry their admit cards to the exam centre, without which they will not be allowed to enter the exam hall.

-Questions would be available in both English and Hindi. There is 1/4th or 0.25 marks negative marking for each wrong answer.

-The RBI Assistant Prelims consists of 100 objective type questions of 100 marks in total. Candidates will be allotted 60 minutes in total. The questions are divided into three sections: reasoning, numerical ability, and English language.

-Shortlisted candidates will then appear for the main examination of 200 marks (200 objective type questions) under a time limit of 135 minutes.

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SC stays order to sell HDIL assets for PMC Bank dues

The Supreme Court on Friday stayed the Bombay high court order directing sale of bankrupt Housing Development and Infrastructure Ltd (HDIL) to ensure the repayment of dues of crisis-hit Punjab and Maharashtra Cooperative Bank. A bench comprising Chief Justice S A Bobe and justices B R Gavai and Surya Kant took note of the appeal of the Reserve Bank of India against the Bombay high court order.

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Services sector registers 7-year high growth in Jan

India’s services sector activity surged to a seven-year high in January driven by sharp increase in new business orders, leading to job creation and business optimism amid favourable market conditions, a monthly survey said on Wednesday. The IHS Markit India Services Business Activity Index rose from 53.3 in December to 55.5 in January, signalling the strongest upturn in output in seven years.

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Watch out for Michael Patra at RBI!

‘I am sure Dr Patra will get the fullest cooperation from the finance minister who needs workhorses, not prima donnas constantly looking to improve their CVs,’ says T C A Srinivasa-Raghavan.

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