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 $66.31 billion The country’s goods exports
Category: ART
*****Rupee falls to new low vs US dollar with 100-bp Fed rate hike on cards | Business Standard News
lipped from: https://www.business-standard.com/article/markets/rupee-nears-80-level-vs-us-dollar-with-100-bp-fed-rate-hike-on-cards-122071401386_1.html Rupee which had closed at 79.64/$ at its previous close, slipped to a low of 79.92/$ intraday Photo: Brent Lewin/Bloomberg The rupee closed at 79.88
******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
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
india inc: The dollar route to India Inc loans – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/the-dollar-route-to-india-inc-loans/articleshow/92883707.cms Synopsis Both external debt as a ratio of gross domestic product (GDP) and debt service as a ratio of export of goods and
*IT jobs: IT majors cut back on hiring – The Economic Times
Clipped from: https://economictimes.indiatimes.com/jobs/it-majors-cut-back-on-hiring/articleshow/92860970.cms Synopsis Cos have reduced fresh hiring by more than half in Q1 as demand starts to level off. Terming this downtrend as normalisation
*******Rouble trouble, a unique opportunity for India – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/rouble-trouble-a-unique-opportunity-for-india/article65640791.ece Boosting ties with Russia will strengthen India’s energy and national security In a year which saw a storm in all currency markets, Russia’s
right to repair: Customers can now freely repair or alter products; All you need to know about ‘Right to Repair’ – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/customers-can-now-freely-repair-or-alter-products-all-you-need-to-know-about-right-to-repair/articleshow/92871011.cms Synopsis The ‘Right to Repair’ framework announced today is intended to empower consumers in the local market by harmonising trade between the original
us recession news: Indian bonds will suffer most in Asia in a US recession scenario – The Economic Times
lipped from: https://economictimes.indiatimes.com/markets/bonds/indian-bonds-will-suffer-most-in-asia-in-a-us-recession-scenario/articleshow/92868083.cms Synopsis Indian bonds have declined in tandem with a slide in the rupee. The currency is now hovering close to a record low
Visa Delays: Indian travellers are caught in a summer of chaos, with visa delays and grounded flights – The Economic Times
Clipped from: https://economictimes.indiatimes.com/nri/visit/indian-travellers-find-themselves-caught-in-a-summer-of-chaos-with-visa-delays-and-grounded-flights/articleshow/92867976.cms Synopsis “There has been a massive spike in visa demand. We’re experiencing unprecedented volumes — between 20,000 to 23,000 visa applications daily on
Front-running scandal rocks a $31 billion Indian investing giant – The Economic Times
Clipped from: https://economictimes.indiatimes.com/mf/analysis/front-running-scandal-rocks-a-31-billion-indian-investing-giant/articleshow/92868620.cms Synopsis The fund in early July submitted its findings to regulators and said it had evidence to believe that the terminated executives had
*****Record surge in India’s imports from China in first half of 2022 – The Hindu
Clipped from: https://www.thehindu.com/news/international/record-surge-in-indias-imports-from-china-in-first-half-of-2022/article65634874.ece China’s overall export performance in June showed a recovery, up 13.2%, with total trade up 14.3% in June Two-way trade in 2021 crossed
*Micro Labs under lens for Rs 300 crore income tax evasion | The Financial Express
lipped from: https://www.financialexpress.com/industry/micro-labs-under-lens-for-rs-300-crore-income-tax-evasion/2593272/ Separately, unallowable freebies expenses worth Rs 1,000 crore detected The company has also provided freebies worth Rs 1,000 crore by debiting in its
*IT majors cut back on hiring – The Economic Times
Clipped from: https://economictimes.indiatimes.com/jobs/it-majors-cut-back-on-hiring/articleshow/92860970.cms Synopsis Cos have reduced fresh hiring by more than half in Q1 as demand starts to level off. Terming this downtrend as normalisation