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Urjit Patel has a grim warning for India's financial sector

India must keep public finances healthy to save financial sector from a possible second wave of risks, Patel said.

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07 April, 2020, 12:12 AM IST

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Apple hikes iPhone prices by 5% due to increase in GST

The government last month increased GST on smartphones to 18% from 12% earlier, while in the Budget it increased net import duty by 2% by withdrawing the exemption on social welfare surcharge which was earlier available on the basic custom duty on mobile phones.

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