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When the new government of India takes office, the central bank will give them $25 billion. This money can be used in two ways: the government can either spend it on various projects and programs or use it to reduce the country's debt faster.
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Brief History of RBI The Reserve Bank of India (RBI) was established on April 1, 1935, based on the Hilton Young Commission's recommendations and the Reserve Bank of India Act, 1934. Initially, the RBI took over the functions of the Controller of
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We are a B2G trading firm supplying products and services to government institutions through the GEM portal. Since our model requires upfront capital for procurement before payment release, what would be the best ways to raise fundingโshould we appro
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In 2023, Argentina was dying: โข Central Bank $12B in debt โข 50% poverty rate โข 7,500% inflation Then Javier Milei became President. 11 months in, he's pulling off the greatest economic turnaround ever. In a 2-hour pod with Lex Fridman, he reveale
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We think of banks as places that store our money and keep it safe. But thatโs not really whatโs going on. When a bank gives out a loan, they donโt get poorer. They simply type new money into your bank account. Itโs brand-new money that never exis
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