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Top headlines: Fed on US economy, IAF deploys Rafales to counter China

Business Standard brings to you the top headlines on Thursday

The Federal Reserve building in Washington DC. Photo: Reuters
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The Federal Reserve building in Washington DC. Photo: Reuters

BS Web Team New Delhi
The Cabinet set a 90-day time limit to provide up to Rs 5 lakh to each account holder of a bank if it fails. USA's economy is on track, says the Federal reserve.

Read more on this and other top headlines for the day.

US economic recovery on track despite Covid-19 surge: Federal Reserve

The US economic recovery remains on track despite a rise in coronavirus infections, the Federal Reserve said on Wednesday in a new policy statement that remained upbeat and flagged ongoing talks around the eventual withdrawal of monetary policy support.

In a news conference following