Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/indias-overall-exports-climbs-23-yoy-in-june-imports-jump-55-7/articleshow/92894221.cms Synopsis India’s overall exports, merchandise and services combined, are estimated to have grown 22.95% year-on-year in June 2022, at around US$ 64.91 billion,
Month: July 2022
*Centre hopes to roll out Labour Codes in the next three to four months – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/centre-hopes-to-roll-out-labour-codes-in-the-next-three-to-four-months/article65639058.ece Discussions largely completed but mid-year roll out may be problematic The Centre is hoping that the much delayed Labour Codes are implemented in
*Curbing MF insider trading – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/curbing-mf-insider-trading/article65640079.ece Such a regime for MFs is much-needed, but needs to go hand-in-hand with strict material disclosures The Securities and Exchange Board of India’s
*****Trade deficit at record $26.18 billion in June as imports of oil, coal, gold soar – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/trade-deficit-at-record-2618-billion-in-june-as-imports-of-oil-coal-gold-soar/article65639763.ece Exports during the month rise 23.52 per cent to $40.13 billion; imports swell 57.55 per cent to $66.31 billion The country’s goods exports
*****Rupee falls to new low vs US dollar with 100-bp Fed rate hike on cards | Business Standard News
lipped from: https://www.business-standard.com/article/markets/rupee-nears-80-level-vs-us-dollar-with-100-bp-fed-rate-hike-on-cards-122071401386_1.html Rupee which had closed at 79.64/$ at its previous close, slipped to a low of 79.92/$ intraday Photo: Brent Lewin/Bloomberg The rupee closed at 79.88
*******It’s prudent to file nil ITR even if your income is below Rs 2.5 lakh | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/it-s-prudent-to-file-nil-itr-even-if-your-income-is-below-rs-2-5-lakh-122071401035_1.html Filing income tax return will prove handy while applying for a loan, insurance cover, or a visa If an ordinarily resident taxpayer has
*******’Right to Repair’: Soon, consumers & third-party vendors may fix products | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/govt-plans-right-to-repair-to-let-consumers-third-party-repair-products-122071401142_1.html Committee identifies farming equipment, cell phones, consumer durables among sectors for policy The government will make it mandatory for car, cell phone and other consumer goods companies
******OneCard is India’s 104th unicorn, raises $100 mn in Series D led by Temasek | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/onecard-is-india-s-104th-unicorn-raises-100-mn-in-series-d-led-by-temasek-122071401287_1.html The latest round by OneCard, owned by Pune-based FPL Technologies, also saw investment from existing investors such as QED, Sequoia Capital, and Hummigbird
*******Wheat stock in central pool close to minimum threshold amid low procurement | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/wheat-stock-in-central-pool-close-to-minimum-threshold-amid-low-procurement-122071401511_1.html Grain inventory in central pool, as on July 1, 2022, lowest since 2019 The last time the wheat stocks in the Central pool
*Settling trade in rupee: FTP tweaks may allow traders export benefits | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/centre-to-soon-make-amendments-to-ftp-for-settling-trade-in-rupees-122071401325_1.html It is not clear if the changes will be part of the existing FTP or the new policy that the DGFT hopes to
*India’s dipping learning levels | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/in-perspective/indias-dipping-learning-levels-1124732.html The 2021 survey reported an average learning level of 59 per cent in grade 3; 49 per cent in grade 5; 42 per
*******Mental health: Who decides need for treatment? | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/panorama/mental-health-who-decides-need-for-treatment-1125490.html The first step towards recognition of the government’s responsibility towards mental healthcare facilities was the enactment of the Mental Healthcare Act, 2017 Representative image. Credit:
*Healthcare needed for returning NRIs | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/healthcare-needed-for-returning-nris-1126121.html Healthcare expenditure necessitated within the Indian medical ecosystem may appear to be comparatively affordable from an expat’s perspective Representative image. Credit: iStock Photo Low-Income
*Why are women and children in India becoming more anaemic? | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/why-are-women-and-children-in-india-becoming-more-anaemic-1126584.html The prevalence of anaemia in India was a concern in 2000 and has worsened two decades later despite gains in the intervening period
*******How to file taxes for minors | Deccan Herald
Clipped from: https://www.deccanherald.com/business/family-finance/how-to-file-taxes-for-minors-1113627.html When it comes to filing the tax, a minor can also file, if their earning amount is over Rs 1,500 monthly Representative image.
Fed official signals willingness to hike interest rates full percentage point | Deccan Herald
Clipped from: https://www.deccanherald.com/business/business-news/fed-official-signals-willingness-to-hike-interest-rates-full-percentage-point-1126801.html The Fed in March began aggressively raising borrowing costs to try to cool demand amid the impact of the Ukraine war The Fund
As rupee falls, spread between India and US bond yields tightens | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/as-rupee-falls-spread-between-india-and-us-bond-yields-tightens-122071401286_1.html In comparison, the recent decline in the yield spread is because bond yields in the US have risen faster than in India Photo:
Global recession fears may ease inflationary pressures: Govt report | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/inflationary-stress-may-ease-on-fears-of-recession-finance-ministry-122071401342_1.html CAD will deteriorate if crude prices don’t come down Illustration: Binay Sinha With global prices set to soften due to fears of a
*RIL, ONGC gain amid report govt may lower windfall tax on fuel on Friday | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/ril-ongc-gain-amid-report-govt-may-lower-windfall-tax-on-fuel-on-friday-122071400778_1.html On the bourses, shares of RIL jumped 2.4 per cent in the intra-day trade, while those of ONGC rose 6.4 per cent. Shares
Overseas investors continue to cut shareholding in both HDFC, HDFC Bank | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/overseas-investors-continue-to-cut-shareholding-in-both-hdfc-hdfc-bank-122071401489_1.html FPIs’ stake down over 400 bps in both, move paves way for global index inclusion of merged unit Illustration: Binay Sinha Foreign portfolio