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Sensex rise | US Fed price: No stopping bulls! Sensex surges 1,047 pts as buyers ignore Fed price hike

Sensex rise | US Fed price: No stopping bulls! Sensex surges 1,047 pts as buyers ignore Fed price hike

The home benchmark indices wrapped up a important week with wholesome good points that got here on the heels of a world market rally even because the US Federal Reserve raised rates of interest for the primary time since 2018. Additional progress in cease-fire talks between Russia-Ukraine and softening crude oil costs lured buyers again. The Fed raised charges by 1 / 4 proportion level and signalled hikes in any respect six remaining conferences in 2022. Chair Jerome Powell assertion that the US financial system is “very robust” and may deal with financial tightening additionally soothed sentiments. Positive factors throughout...

Nature

Partial denotification of SEZs, single window clearance mechanism in DESH draft

Partial denotification of SEZs, single window clearance mechanism in DESH draft

New Delhi: The draft legislation to revamp the Special Economic Zones (SEZ) into Improvement of Enterprise and Service Hubs (DESH) has met the companies business’s lengthy standing demand to permit partial denotification to unencumber the realm not in demand. It has additionally proposed to arrange an built-in single window clearance mechanism for the grant of time-bound approvals for the institution and operation of those hubs, together with the one utility types and returns. Allowing partial notification of IT and companies SEZs, it stated that “the constructed up space in a companies hub shall not be required to be contiguous”. “This...

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