The Central Government made a big administrative reshuffle, former Petroleum Secretary Tarun Kapoor has been appointed as an advisor to Prime Minister Narendra Modi.
Increase the policy repo rate under the liquidity adjustment facility (LAF) by 40 basis points (bps) to 4.40 percent with immediate effect from 4.00% earlier.
The World Economic Forum (WEF) ranked India 54th position (down from 46th in 2019) with a score of 4.1 in its Travel and Tourism Development Index 2021.
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