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(1)Government has decided to raise the interest payout on PF to 9.5% for the current fiscal.
(2)RBI has raised the rate at which it lends to banks by 0.25% to 6% & the rate at which it borrows from them by 0.5% to 5% to tame inflation.
(3)Airtel Ltd announced that it will outsource IT requirements for its Africa operations to IBM .